Netflix's Controversial Residuals Policy Sparks Outrage Amidst South Korean Blockbusters like Squid Game & The Glory
Despite the immense success of South Korean dramas like Squid Game and The Glory on Netflix, the streaming giant neglects to compensate South Korean actors with residuals, displaying a reluctance to engage with the Korean union
Summary
Despite the massive success of South Korean hits like Squid Game and The Glory, Netflix does not pay residuals to South Korean actors.
Netflix has been expanding its collection of original content from South Korea, including an extensive lineup for 2023. However, actors are not receiving residuals for their valuable contributions, as Netflix has shown reluctance to engage in discussions with the Korea Broadcasting Actors Union.
Despite the tremendous success of South Korean shows like Squid Game and The Glory on Netflix, the streaming service does not provide residuals to South Korean actors. Netflix has been increasing its collection of original South Korean content in recent years, including Squid Game, its most popular series to date, and The Glory. Earlier this year, Netflix announced plans for further expansion of Korean movies and TV shows in 2023.
As the ongoing WGA and SAG-AFTRA strikes persist partly due to insufficient residual payments, a report from the Los Angeles Times reveals that Netflix does not offer any residuals to South Korean actors. Song Chang-gon, an actor and current president of the Korea Broadcasting Actors Union, claims that Netflix refuses to engage in discussions with the union regarding residuals for its members. Residuals are a form of royalties paid to credited talent after the initial release of a show.
More to come...
Source: Los Angeles Times
