Equity Minimum Agreement In Los Angeles
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Actors' Equity Association announced Monday that its membership had voted in favor of the three-year contract, which by late 2024 would raise the minimum salary for performers working on Broadway to $2,638 per week.
Equity's dues structure has two components: Basic dues: $176 annually, billed at $88 twice a year each May and November. Working dues: 2.5% of gross earnings under Equity contract, which are collected through weekly payroll deductions.
To obtain a copy of the Guest Artist Agreement Work Rules, email prepaid@actorsequity. Tier ITier II Span of Day 7 of 8 1/2 hours 7 of 10 hours Minimum Weekly Actor Salary $406.00 $542.00 Minimum Weekly SM/ASM Salary $488.00 $651.00 Engagement of 1 Week or Less $50.00 in addition to minimums listed above7 more rows
Generally, the average Broadway salary for non-celebrity actors is between $45,000 and $220,000 per year, depending on the run of the show or their contract length in an ongoing production. The current Equity weekly minimum salary for Broadway actors is $2,439 per week.
Equity agreements allow entrepreneurs to secure funding for their start-up by giving up a portion of ownership of their company to investors. In short, these arrangements typically involve investors providing capital in exchange for shares of stock which they will hold and potentially sell in the future for a profit.
Joining Equity One method for an actor to become eligible to join the union is being under an Equity contract. An actor may also apply for membership if they are a member of any of the sister unions in the performing arts.
You can gain AEA membership by being a member of one of its sister unions for a year or more. To learn more about Equity's sister unions and their requirements for candidacy visit Equity's “How to Join” page. You could also gain your Equity card by booking an AEA contract.
Equity's dues structure has two components: Basic dues: $176 annually, billed at $88 twice a year each May and November. Working dues: 2.5% of gross earnings under Equity contract, which are collected through weekly payroll deductions.