Netflix Does Not Pay Residuals To South Korean Actors Despite Massive Hits Like Squid Game & The Glory-TGN

Netflix does not pay residuals to South Korean actors despite the streaming service’s massive hit series like Squid Game and The Glory.

This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.

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 library of original South Korean content, including a major slate for 2023, but actors are not receiving residuals.

• The Korea Broadcasting Actors Union has reported that Netflix refuses to meet with them regarding residuals for their actors, despite their valuable contributions.

Netflix does not pay residuals to South Korean actors despite massive hits like Squid Game and The Glory. In recent years, the streaming service has been expanding its library of original South Korean content with shows like Squid Game, which remains its most-watched series ever, and The Glory. Earlier this year, Netflix announced another major expansion to its slate of Korean movies and TV shows for 2023.

Now, as the dual WGA and SAG-AFTRA strikes continue in part due to low residual pay, a report from the Los Angeles Times reveals that Netflix does not pay residuals at all to South Korean actors. Song Chang-gon, an actor and current president of the Korea Broadcasting Actors Union, says Netflix refuses to meet with the union about their members receiving residuals, which is a form of royalty paid to credited talent after a show’s initial release.

More to come…

Source: Los Angeles Times