Connect with us

Headlines Of The Day

Popular actors double fees as viewership on streaming sites surges

Surging viewership of streaming platforms during the two years of the pandemic helped double the income of actors playing big roles in web shows and take up the wage bills to 50% of production costs at streaming services from less than 10% pre-pandemic, industry experts said.

While the total cost of producing originals has risen over the same period, actors have been the biggest gainers—foreign streaming firms such as Netflix, Prime Video and Disney+ Hotstar are happy to shell out big bucks to engaged faces now popular on web shows.

While the total cost of producing originals has risen over the same period, actors have been the biggest gainers—foreign streaming firms such as Netflix, Prime Video and Disney+ Hotstar are happy to shell out big bucks to engaged faces now popular on web shows.

The quality of content and the freedom of format has led to film actors prioritizing streaming projects, said Vidyuth Bandhary, studio head at Dice Media, known for shows like Little Things.

“Many actors have today achieved immeasurable success on OTT platforms. The fee dynamics of the OTT sector and film industry are very similar in the sense that after a successful project, if there is a demand for the actor or technician then the fees increased multi-fold,” said Bandhary.

Popular actors like Radhika Apte, Pankaj Tripathi, Nawazuddin Siddiqui and Pratik Gandhi are in constant demand at streaming shows and difficult to get now, said Akshay Bardapurkar, founder of OTT platform Planet Marathi. Some streaming services commission projects basis their availability, he said.

“The main reason is that the demand for key talent resources is more than the supply and, hence, the increase in their fees. It means that quality will be at a premium. And getting the same quality from the same professionals will now cost more. So platforms will have to recalibrate their requirements on each show for sure,” Gautam Talwar, chief content officer, MX Player said.

Gunjan Arya, CEO, OML Entertainment, known for shows like Comicstaan, said streaming platforms like to get first dibs on an actor or even production house that is known for something specific. Platforms make these decisions based on viewership trends and the belief that getting these people on board will help keep the audience on their platform longer or convert them into paying subscribers, she explained. Live Mint

Copyright © 2021.Broadcast and Cablesat

error: Content is protected !!