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Ben Affleck & Matt Damon Explain Why Their Artists Equity Is Hollywood’s Most Disruptive Company As They Release ‘Small Things Like These’
EXCLUSIVE: We’ve seen efforts to share risk and upside in success, and many times they come and go.
Artists Equity, hatched by pals Ben Affleck and Matt Damon and backed by a long-term financial commitment from RedBird Capital billionaire Gerry Cardinale, has a real chance to reshape the tenuous pay landscape in a talent-friendly way.
Since Deadline first broke their plans, Affleck and Damon have used their personal relationships and the hard-knock lessons from over 30 years of their Oscar careers to create a sound equity participation formula for those involved in their projects.
It’s a formula they believe provides more transparency in profit sharing than is available from the studios and streamers that will release the films Artists Equity bankrolls.
Housed in Los Angeles offices with a staff that has