Actors working on low-budget films will be paid 25 percent more under new deals approved unanimously by the SAG-AFTRA national board of directors after an all-day meeting Saturday.
The pay raise covers three of the union’s low-budget theatrical film contacts: ultra low-budget; modified low-budget, and low-budget. It’s the first time in 10 years that the low-budget rates have been raised.
Actors can currently be paid as little as $100 a day under the union’s Ultra Low-Budget Agreement, which covers independent films produced entirely in the United States for less than $200,000. Minimum pay will go up to $125 a day.
Under the modified low-budget pact, which covers independent films produced entirely in the US for less than $625,000, the minimums will rise to $335 per day and $1,166 per week.
Under the low-budget contact, which covers films produced entirely in the US for less than $2.5 million, the minimums will be going up to $630 a day and to $2,190 a week.
In other news, the board voted to forgo an automatic increase in the union’s $3,000 initiation fee that was to go into effect as part of its 2012 merger agreement.