Ben Affleck & Matt Damon Begin Personal Manufacturing Firm, Promise Earnings

Ben Affleck and Matt Damon are beginning their very own manufacturing firm that guarantees to place creatives first — each by way of much less company crimson tape … and more cash long-term.

The 2 Hollywood titans — who’ve three Oscars between the each of them, and who’ve starred in, written and directed numerous hit movies over time — introduced Sunday they have been launching one thing known as Artists’ Fairness … which speaks precisely to their aim right here.

The thought behind this new enterprise is to host and cater to the highest expertise within the movie and TV business — however as an alternative of paying ’em financial institution up entrance, the best way an enormous studio/streamer may nowadays on talent-for-hire, BA and MD are taking it old-school … with a minimize of the income.

Again within the day, pre-streaming, that was the playbook in showbiz. Actors and administrators and folks connected to a flick would get be contractually entitled to money after the actual fact based mostly on how effectively one thing did on the field workplace. If a film crushed it over time, it might imply method moolah than a one-time payout — excessive as it might appear at first — which is SOP now.

Ben and Matt wanna convey that again, with BA explaining to the NYT … “As streamers have proliferated, they’ve actually ended back-end participation, and so that is partly an effort to attempt to recapture a few of that worth and share it in a method that’s extra equitable.” He went on so as to add, “Not simply writers and administrators and stars. But in addition cinematographers, editors, costume designers and different essential artists who, for my part, are very underpaid.”

Artists’ Fairness additionally goals to do what huge studios cannot … getting out of the best way, and letting creatives have precise possession/management of their imaginative and prescient with out all of the politics that are inclined to hinder manufacturing, generally for the worst. At AE, Ben and Matt are adopting laissez-faire.

It is a neat thought … and it isn’t only a pipe dream both. Matt and Ben have secured no less than $100 million in preliminary financing from RedBird Capital Companions — plus an undisclosed quantity of dough from their very own pockets. Ben says he’ll lend his companies completely to Artists’ Fairness going ahead. Matt’s dedicated to a handful of movies as effectively.