In Hollywood Animal, there’s no shortage of opportunities, but securing partnerships with skilled individuals is crucial for your studio to thrive and produce groundbreaking films. Understanding what resonates with both you and your team is essential for establishing a unique identity and achieving a lasting impact.
As you become more aware of the types of films your audience wants, you’ll realize that successful contract negotiations are vital. We’ll guide you through these discussions, helping you gain the upper hand so that you can keep profiting from your films and attract the best talent in Hollywood before others do!
How to Negotiate a Contract
When you’re looking to hire an actor, you’ll need to negotiate their contract. You have two options: negotiate by year or by individual project. You can secure their commitment for a specific time frame or a set number of projects, depending on your requirements.
We suggest hiring actors for a single project at a reduced rate to negotiate a better deal for extending the contract over a longer duration.
To achieve successful negotiations, you’ll have to tilt the balance in your favor. This means making sure your offer aligns with the other party’s expectations, as evidenced by the figures presented. The numbers will shift from green to blue when you gain the advantage.
Additionally, consider other factors that contribute to the overall cost, including discounts for past projects, positive experiences, or potential increases in price due to an individual’s talent, popularity, or negative history.
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Adding Offers
If you want to enhance your offer, consider providing additional benefits like health insurance or personal assistants. These perks can be a great incentive for attracting top talent at a lower cost.
Even prominent actors may consider reducing their fees if it means receiving additional benefits and insurance to support their families, so make sure to prioritize these resources.
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Blackmail
When all other options fail, your team may resort to discovering secrets about creatives and using this information to lower contract rates. Depending on what you uncover, you might even negotiate a deal that saves you money altogether.
For instance, if an actor has had questionable past actions, they might be inclined to drastically reduce their contract price to keep their reputation intact. Handle such information with care, as no one appreciates having their private matters exposed.
