Richard Marks Quoted in Los Angeles Business Journal Article
Richard Marks was recently quoted in Marni Usheroff’s Los Angeles Business Journal piece “Revenue from streaming alters big picture for some.” The article discusses how residuals from streaming platforms have become a new source of income for actors and other entertainment professionals. According to Richard, instrumental players in the success of a show, such as writers, showrunners and lead performers, are more likely to see a share of profits earned through digital distribution.
“The actors on ‘Friends’ likely had no participation until they renegotiated in the third or fifth year,” Richard said. “Right now you have to be one of the participants who have a back end, meaning a piece of the modified adjusted gross receipts in order to get a bump from streaming.”
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