[8] Writers in the Writers Guild of America (WGA) decided to negotiate for higher residual payments. The New York Times. By the end of the show, collective cast bargaining had boosted the salaries for all six friends on Friends to a very friendly $1 million per episode, each. Altogether, Pine said that his residual checks alone were enough to finance his daughter's college education at UCLA. The new contract allowed writers two formulas for calculating foreign residuals: the existing formula ($4,400 maximum for a one-hour show) or the new formula (1.2% of the producer's foreign sales). "'Seinfeld' Reruns Soak Up A Sponge-Worthy $3 Billion Since Cancellation; Co-Creators Jerry Seinfield and Larry David Cash In." "The Shawshank Residuals." In 1952, residual payments were extended to these television reruns, thanks in large part to Ronald Reagan, whose first term as president of the Screen Actors Guild (SAG) ran from 1947 to 1952. In between, he's appeared on Murder, She Wrote, Gunsmoke, Veep, Beverly Hills, 90210, and Good Morning, Miss Bliss. Residuals are royalties that are paid to the actors, film or television directors, and others involved in making TV shows and movies in cases of reruns, syndication, DVD release, or online streaming release. [5], In 1988, WGA launched its longest strike, lasting 22 weeks, over a disagreement over residuals for TV shows broadcast in foreign countries.

[6], In 2007, the Alliance of Motion Picture and Television Producers (AMPTP), the industry bargaining group that deals with the trade unions, called for an end to the current residual payment system in response to the rise of online media. "Residual resentment slows Hollywood talks." (Nov. 24, 2014) http://www.nytimes.com/2007/07/12/business/media/12hollywood-web.html?ref=media&module=Search&mabReward=relbias%3Ar%2C{%222%22%3A%22RI%3A17%22}, Cohen, Jeff. According to USA Today, Friends generates $1 billion a year for production company Warner Bros. Of that, Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, and Schwimmer are contractually entitled to 2 percent, which works out to about $20 million for each and every one of them. Who puts together a television network schedule? "Actors Play Waiting Game for Residuals." [13], By contrast, Bob Gunton, who played Warden Norton in The Shawshank Redemption, noted that the movie, one of the most-rerun films, generated "close to six figures" in residuals for him in 2004, ten years after the movie was released, and even as of 2014, that he continued to receive "a very substantial income". Oct. 16, 2007. Synonymous with Hollywood trade lingo words like "profit participation," "backend deals," and "royalties," residuals mean money that actors receive whenever a movie or TV … Technological advances gave rise to residual payments, and their evolution can be traced in terms of those technologies. (Never underestimate the drawing power of David Schwimmer, Marcel the monkey, and Gunther.) Residuals are calculated and administered by industry trade unions like SAG-AFTRA, the Directors Guild of America, and the Writers Guild of America.
The performers were kept on standby and paid for a second performance in case there were technical problems. The show's reruns went into syndication in 1998, and they've never left, and the entire series went to Netflix in 2015, which has only served to feed the public's insatiable need to watch Ross and Rachel break-up and make up.

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