Although, I've never gotten rich from residual checks, they are always a welcome sight. And I thank my two wonderful unions, SAG and the WGA, for having made these magic envelopes possible.(In this country, of course, the WGGB negotiates residuals agreements for writers as part of its Minimum Terms Agreements)
Although the original thinking was that artists should participate in the profits being earned by the recycling of their work, the most revolutionary outcome of this plan was that for the first time in the history of show business, it became possible for lesser-known artists working in TV and film to actually become respected, middle-class citizens. Finally, instead of living like vagabond gypsies, one could buy a nice little place in the Valley and raise some kids.
Friday, March 26, 2010
For The Huffington Post, David Dean Bottrell describes the pleasure of 'magic envelopes' - ones that contain payments for residuals.