Entertainment Magazine

Tips for Negotiating in the Entertainment Industry

Posted on the 20 June 2011 by Dkentertainment @TheDKE
In the entertainment industry there is a lot of negotiating that goes on behind the scenes to bring together the things we enjoy like going to the movies.  Most of the negotiating takes place over contracts with the studios, actor’s, and director specifically and this can be a tough process.  A recent example is Hugh Jackman’s current negotiations to play a role in “Les Miserables” (click here for the article).  Some of the most knowledgeable people when it comes to these negotiations are entertainment lawyers.  I recently got a lot of great negotiating tips from an entertainment lawyer Edward Elkins who practices in the state of Florida.  Here is some information about him from his site:
Mr. Elkins has been interviewed for articles regarding the entertainment business and entertainment law by MSN, Smallerbox.net, and StartupGrowthExpert.com.  Mr. Elkins has published more than 100 legal articles online including the Entertainment Law Articles “The Day the Mouse Got Away: The Walt Disney Company’s Character Copyright Challenges and the Law that Mickey Built” and “In The Money: The Pirating of Music on Websites, Its Prevention, and How the Industry is Able to Make Money from it”.
For more information about Mr. Elkins, a link to his site and blog are provided at the bottom of this article. 
Some of the best things to remember when going into a negotiation is what exactly do you want from the deal, and also what does the other party want?  Then you need to weigh certain factors like role, possible leverage, and affiliation.  A persons role plays a big part in negotiations, especially in terms of negotiating with actors because getting a deal done with an up and coming actor is a lot easier than someone like Brad Pitt.  When you stick with the same scenario in terms of affiliation Brad Pitt is more likely to negotiate a movie deal with an established production studio as opposed to one with less affiliation. 
Some ways to help you when negotiating deals with these scenarios is possible leverage and a BATNA.  Leverage can be hard to obtain in these situations unless your Brad Pitts 2nd cousin, but anything is better than nothing.  Another way of helping you in negotiations is having a BATNA, which is basically your back up plan.  If you have another actor picked out for the part that wants to be in your movie, then this may help you get Brad Pitt because you will go into the negotiation more confident knowing even if you can’t come to an agreement you have another option.
Mr. Elkins also has a lot of great tips in his blog, and this article is especially helpful for first time negotiators. 
Sources
http://edwardelkins.com/
http://thefilmstage.com/2011/06/15/hugh-jackman-negotiating-for-lead-role-in-les-miserables/

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Emojis Can Be Used to Show Intent ?

    There has been a lot of talk about emojis when it comes to domain names. It now seems that they are moving their way to be used in court proceedings. Read more

    12 hours, 19 minutes ago by   Worldwide
    BUSINESS, TECH
  • French Onion Chicken

    French Onion Chicken

    I have long been a huge fan of the flavours of French Onion Soup . . . caramelised onion, sweet and succulent . . . cheese . . . toast . . . garlic . . .... Read more

    13 hours, 18 minutes ago by   Mariealicerayner
    FOOD & DRINK, RECIPES
  • Suffer the Little Children - Manchester Monday

    Suffer Little Children Manchester Monday

    As on other occasions recently, I find myself unable to write to theme for this week's blog. In fact I have been sitting here for over an hour trying to find a... Read more

    14 hours, 46 minutes ago by   Ashleylister
    BOOKS, CREATIVITY, CULTURE, SELF EXPRESSION
  • Pandan Chiffon (cooking Method)

    Pandan Chiffon (cooking Method)

    这是我吃过的最好吃的班兰戚风!不夸张,没骗你。这个戚风蛋糕体真的是鬆软到可以做瑜伽,忍不住要小心翼翼地捧在手心。一口一口吃到班兰和椰奶的香,太棒了!Pandan Chiffon (cooking method)(recipe adapted from Wen's Delight)Ingredients:5 egg... Read more

    16 hours, 37 minutes ago by   Cathysjoy
    FOOD & DRINK, RECIPES
  • Chris Blue Winner of The Voice Debuts at No. 1 on Hot Gospel Songs Chart

    Chris Blue Winner Voice Debuts Gospel Songs Chart

    ChristianNews You better let your light shine Chris Blue!!!!!! The  12th season of NBC’s The Voice winner Chris Blue — a worship leader at Cokesbury United... Read more

    The 24 May 2017 by   Firstladyb
    SPIRITUALITY
  • Movie Review: ‘Guardians of the Galaxy Vol. 2’ (Second Opinion)

    Movie Review: ‘Guardians Galaxy Vol. (Second Opinion)

    Movie Review: 'Guardians of the Galaxy Vol. 2' (Second Opinion) Plot: Set several months after the events of the first film, the Guardians of the Galaxy are o... Read more

    The 24 May 2017 by   House Of Geekery
    ENTERTAINMENT, TV & VIDEO
  • Bravery is an Option, Not an Obligation

    It’s interesting to note that in a world where people constantly claim anyone with a conscience or a complaint is being a “special snowflake”, stoicism is... Read more

    The 24 May 2017 by   The Guyliner
    DATING, LGBTQ, LOVE & SEX

Magazine