Visi Money
TLDR: Netflix is hiring a financial analyst to analyze residuals, which are additional compensation paid to talent for the reuse of content beyond their initial compensation. The analyst will be responsible for interpreting and analyzing residual impact in accordance with various guilds and unions, calculating and processing residual payments, and forecasting residual obligations. This hiring follows new collective bargaining agreements with the Writers Guild of America (WGA) and SAG-AFTRA, which include bonus structures based on viewership thresholds.
Netflix is seeking a financial analyst to help analyze residuals, according to a job posting on their website. Residuals are additional payments made to talent for the reuse of their content beyond their initial compensation. This role requires analyzing the residual impact in accordance with various guilds and unions and executing payment processing and forecasting. The role is part of Netflix’s Contingent Compensation & Reporting Department and involves working closely with cross-functional teams, such as Labor, Production Finance, and Business Affairs.
Residuals have been a significant issue for writers and actors during recent collective bargaining negotiations. The Writers Guild of America (WGA) secured a contract in September 2023 that included a bonus structure tied to viewership thresholds. Similarly, the SAG-AFTRA contract includes a bonus structure that triggers additional payments for titles that surpass viewership thresholds. The financial analyst hired by Netflix will play a crucial role in calculating and processing these residual payments.
Overall, this job posting highlights the growing importance of residuals in the entertainment industry, as streaming platforms like Netflix seek to develop fair compensation structures for talent.
