New Order to Cap Further Film Stars’ Pay
A new order came through last week and aimed at strengthening the previous salary cap on film stars that was enacted five years ago. In the previous order, actors will have their pay capped at 40% of total production costs. Furthermore, the lead actors cannot be paid more than 70% of total cast pay. With this new order—a much stricter one came into place, it is estimated that the lead actors’ salary will not exceed 400 thousand per episode now. How will this new order affect the current film industry? Read more on Entertainment Unicorn
Netflix’s Ambitions in Asia, Explained
Netflix has made a lot of progress lately in the Asian market, with a series of successful TV shows and series well received by the audiences in this region. Netflix’s ambition to expand its influence in the Asian market is clear. According to the company’s Q1 performance report, although North American is still the most profitable region, Asian Pacific region’s revenue has increased over as high as 51.3% compared to the same period from last year. Since 2015 entering into the Japanese market, Netflix has been a player in the Asian streaming industry for almost five years now. What has it achieved so far? Read more on dianyingqingbaochu
