Correction!
Kudos to the watchful readers who caught my error in yesterday’s blog posting. The writers are fighting to double their DVD residual rate, but they are not trying to raise…
Kudos to the watchful readers who caught my error in yesterday's blog posting. The writers are fighting to double their DVD residual rate, but they are not trying to raise their rate from 20% to 80%. They currently get paid 0.3%... and want to get paid 0.6%. This means screenwriters get paid about 4 cents for every DVD sale of a movie they wrote... and they want to get paid 8 cents. The studios are refusing.
In the latest development, however... the Writers Guild has now said it's willing to remove its DVD residuals increase altogether in exchange for residuals in digital media (downloads, streams, etc.). But the studios are not budging, refusing to give up a single cent of digital media revenue.
Jane Friedman is a full-time entrepreneur (since 2014) and has 20 years of experience in the publishing industry. She is the co-founder of The Hot Sheet, the essential publishing industry newsletter for authors, and is the former publisher of Writer’s Digest. In addition to being a columnist with Publishers Weekly and a professor with The Great Courses, Jane maintains an award-winning blog for writers at JaneFriedman.com. Jane’s newest book is The Business of Being a Writer (University of Chicago Press, 2018).
