Word: residualsã
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...glimpses of light filtered through the haze of pot smoke, bind fast the decadent and insular isle of Manhattan in Jonathan Lethem’s newest novel, “Chronic City.” The protagonist, Chase Insteadman—a former child star living off re-run residuals??serves as both one of a cohort of sleuths trying to untangle these webs and a vessel for the reader’s own desire to do the same. His seemingly infinite naïveté parallels our own; his paranoia is ours; and when revelations unfold, they?...
...first WGA strike in nearly 20 years is underway in New York and Los Angeles, and Harvard alumni are playing an integral role on both sides of the picket line.The core issue of the WGA strike is the AMPTP’s attempt to apply the current formula for residuals??payments made to writers each time a show is rebroadcast or sold after its initial showing—to new media. This issue of residuals dates back to the 1980s, with the development of burgeoning VHS technology. “We were told it was experimental material...
...entertainment industry has vastly changed in recent years. Television advertisement costs have tripled over the last two decades; movie production costs have plummeted. And yet the formulas used to decide the “residuals?? that fall to writers have not kept up. When the residual formulas for basic cable networks were drawn up in the early 1980s, cable companies were in their infancy. Today, over 70 percent of American households have basic cable, and five major cable companies now out-profit the small “weblet” networks—UPN, Fox and WB?...
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