Pay or Play offer

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sky777

I was wondering if I could offer an Actor a play or play agreement when I don't have any financing or funds?

Do I have to prove that I have funds before an actor signs a play or play agreement?
 
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sky777 said:
I was wondering if I could offer an Actor a play or play agreement when I don't have any financing or funds?

Do I have to prove that I have funds before an actor signs a play or play agreement?
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I'm not sure if this is a double typo of if you do not understand
about the agreement you are asking about. It's called "play-or-pay".
This agreement means you will pay the actor to block out a specific
time period in their schedule. If you do not make the film during
that time frame the actor keeps the money. So yes, you would
have to prove you had the funds. In most cases you would need to
pay the actor the entire amount, up front.
 
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Hi thanks for the reply.

I hear producers give actors pay or play offers in hopes to attach the actors to their films so they can get financing.

Sounded it a bit weird that's why I asked. Thanks again
 
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sky777 said:
Hi thanks for the reply.

I hear producers give actors pay or play offers in hopes to attach the actors to their films so they can get financing.

Sounded it a bit weird that's why I asked. Thanks again
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Some producer do it. But not to use the actor to get financing.
Here's the problem. If you offer a pay or play deal you are
obligated to pay them if you do not make the movie. What
happens if you do not have the money now and then cannot
get the financing? You must pay the actor the full fee.

What you are looking for is a Letter of Intent. The actor agrees
to be in in your movie but is not paid until you have raised the
financing.
 
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