What is a "Buyout Rate" in an Acting Commercial Contract

Confused about an audition notice or commercial contract because it has a "buyout" rate and a "day rate"? Here I briefly talk about each and what to expect. Leave a comment if you would like for me to show you examples of what I have done in the past!
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[@LoyalTC]

Thank you I’m recently new to acting so it definitely helped 🙏🏽

[@BelgicaPaola]

You're so welcome!

[@AmyMarieLa]

I've always wondered the difference. Thanks for explaining!

[@BelgicaPaola]

You're welcom! Thanks for watching. 💕

[@LiveWithMPROV]

Yes this video totally helped me

[@BelgicaPaola]

Great! 😊

[@deepakdevrani8888]

Very informative for a person who is new into contracting

[@BelgicaPaola]

Thanks, I am glad you found this helpful!

[@queenisali3664]

Thanks for the video that was so helpful

[@BelgicaPaola]

I am so happy you found this helpful!!! :)

[@michellelee9293]

Ahhh! Your the best. Thank you for making this video and answering mine and actors question!!!

[@BelgicaPaola]

You're welcome! Thanks for all the love! 💖🤗

[@michaelcyll9331]

Thank you very helpful

[@BelgicaPaola]

Glad it helped!

[@DanielKarpinskiMusic]

Thanks! What happens if you are in a commercial and they don't see your face but only part of your body interacting with the other actors (you get direction and your task is important for the commercial), would there still be a buyout or just a day rate?

[@BelgicaPaola]

Usually if you are not recognizable, that is in the contract and you wouldn't get paid much. Depends on the contract and if it's union or not.

[@unbreakable9392]

So I'm paid a day rate. But there was also a buyout for 1000.. so do I get paid the 1000 as well? Do I get this after a year?

[@BelgicaPaola]

If the contract says your day rate plus a buyout you should get all that now.

[@luisvelez8096]

I have a question. For Non-Union, So if it has more than one day of work. For example, if its 5 days of work and the session rate is $1000, does that mean I'll be getting paid $5000 in total for all the days outside of whatever the buyout rate is?

[@BelgicaPaola]

Yes, the buyout rate is in addition to the daily rate. 👍

[@luisvelez8096]

@@BelgicaPaola Oh ok, and this is for non union commercials?

[@BelgicaPaola]

This can be for either. Really depends on the contract. I have experienced it in both union and non union.

[@una724]

When do you get a buyout fee? Is it closer to when filming is finished or at the end of the year or whenever your contract ends??

[@BelgicaPaola]

The buyout is listed in the original casting post. If they want to do a buyout or a flat rate, it will be listed on the casting and will come with the paycheck. This is how it was in the jobs I have done in CA 😊 hope it helps!

[@acbmathematics7375]

You should start playing that guitar; that would be pretty bad ass!

[@BelgicaPaola]

That would be bad ass! I really need to pick up my guitar and actually learn 😂 Ive always wanted to and bought it almost 7 years ago!

[@curolate]

wait so you only get paid the buyout rate after a year?

[@BelgicaPaola]

Hi Lena 😊 No, if it is a buyout rate, you get paid one time after filming. If it is not a buyout, you get paid for the usage for a certain amount of time (usually 1-3 years) and if they want to use it for longer, they pay you again and will usually work with your agent to negotiate that extended usage rate unless they already included what the extended usage rate would be. This might be confusing still. I'll make a short! 🤔😁

[@curolate]

@@BelgicaPaola Thank you for explaining, they also have like the day rate and then the buy out rate... that's why I got so confused

[@JennaQuinter]

Super helpful video! My KZbin account is @jennaquinter . You are the only video I could find regarding this information. Thank you! I’ll watch more of your information on here.

[@BelgicaPaola]

Thanks so much, Jenna! I'll check out your channel 😊👍

[@acbmathematics7375]

How do I go from 0 subscribers to 11 subscribers?

[@BelgicaPaola]

I find that being a part of a community that would be interested in your video is helpful in getting subscribers. Do you watch any of the KZbin channels that teach you how to grow your channel? I can comment some links here if you would like! 😊