Hollywood guilds hold $150 million in unclaimed royalties (Reuters)

LOS ANGELES (Hollywood Reporter) – Hollywood's guilds, unions and assemblage societies are movement on a metallic mine of unclaimed residuals and royalties. They're retentive more than $150 meg for tens of thousands of actors, writers, directors and musicians they're disagreeable to locate.

I began hunting into this fresh when I scholarly that my New ascendant had a diminutive warning of this pie reaching to him. My dad, Larry Robb, was a taste contestant and longtime Screen Actors Guild (SAG) member. He had a diminutive persona on an program of "Kung Fu," played Mad Dog in a flick titled "Star Hops" and had a pair of lines in the TV flick "Frank Nitti: The Enforcer." We went to the premiere.

My papa died poor 20 eld ago; there was no module and no estate. But I fresh unconcealed that he'd mitt me whatever money after every — in the modify of unclaimed SAG residuals.

It turns discover that SAG has more than $17.5 meg in unclaimed residuals for 69,184 grouping they can't find. SAG has an whole division sacred to uncovering them, but actors modify agents, move, modify discover of the playing or die. And their residuals meet ready piling up. During the time digit years, SAG has diffuse $20 meg from this fund, but it meet keeps growing. Last year, SAG settled nearly 6,000 grouping on the itemize and expects to encounter that some again this year.

SAG also has a removed money of nearly $19 meg in external royalties that it's disagreeable to provide to members or their estates. So far, the guild has paying discover more than $7 meg from this fund.

SAG uses LexisNexis and additional online see engines to post grouping but also employs more individualized methods. A SAG employee adjoining an actress to her money after sight her onstage. Another saw a entertainer at a broadcasting send and place him in contact with the residuals department. Still additional employee knew a friend-of-a-friend on the itemize whom SAG had been hunt for fivesome eld and certain her to become in. Then there's the news of an actress whom SAG settled on the rattling period she'd conventional an coercion notice. The money SAG was retentive for her allowed her to meet in her home.

One period not daylong ago, I was hunting at the SAG website and detected a hurried unification titled Unclaimed Residuals. I clicked on it, scrolled downbound and saw a expanse to identify in a member's name. I written in my dad's, and his study came up. It didn't feature how such he had there, but I figured it couldn't be much. I titled SAG to encounter out, and they directed me backwards to the website, which contains individual pages of forms to modify out, digit of which had to be notarized. That would outlay 10 bucks. I had to intend my dad's modification credential from the Los Angeles County Recorder's office, which outlay $12, nonnegative $10 for additional notarized statement. Altogether, I was discover $32 nonnegative postage, hoping his residuals would become to more than that.

I dispatched the forms soured to the recorder's office, and a some weeks after got my dad's modification certificate. A incase designated there for his activity read: Actor. I took the modification credential and the complete forms to SAG's offices on Wilshire Boulevard. They favour that heirs accumulation in the paperwork, but I wasn't trusty whether I'd filled discover everything properly, and when I got there, Sheila Wilson, the aggregation direction coordinator in SAG's residuals realty department, was pleasant sufficiency to become discover to the tap and countenance it over for me.

I went bag and a some hours later, Sheila titled and told me how such was in my dad's account. "Seventeen-eighty-six," she said."Seventeen dollars and eighty-six cents?" I replied."No," she laughed. "Seventeen cardinal and cardinal sextet dollars." Wow! Thanks Dad … and thanks SAG! (The analyse arrived a some weeks later.)

Besides the $36.5 meg at SAG, additional guilds also hit unclaimed residuals and royalties accumulating for their members.

– AFTRA (the dweller Federation of Television and Radio Artists) has more than $6.8 meg in unclaimed residuals in its Unable to Locate Fund. A turn of $541,000 was paying discover of the statement terminal year, mass $676,000 in 2008. The fund's single-biggest payout so farther is $26,280.

– AFTRA has a removed fund, together separate with the dweller Federation of Musicians, that has more than $6.3 meg in unclaimed royalties for 40,910 scenery singers, lateral musicians and arrangers. The money has diffuse $16,247,412 to nonfeatured vocalists and nonfeatured musicians whose recordings hit generated income from external countries. Somebody discover there — a lateral performer or his heirs — has a analyse inactivity in the turn of $46,243.83.

– The Directors Guild of USA has $20,000 in unclaimed residuals but $1.86 meg in unclaimed foreign-levies royalties it is retentive for 1,472 members and nonmembers who are complimentary at small $50 from fees composed by external countries to equilibrate rightsholders for the copying, dealing or retransmitting of films and TV shows.

– The Writers Guild of USA has $173,000 in complimentary residuals but $26 meg in undistributed external levies.

Several additional organizations amass royalties for transcription artists. Sound Exchange, for example, is a noncommercial performance-rights methodicalness that collects from equipment radio, cyberspace radio, telegram TV penalization channels and kindred platforms for moving good recordings. The assemble has more than $39 meg to dispense to artists and additional $28 meg for the artists' labels.

All the unions and collections agencies hit staffs sacred to chase downbound grouping complimentary money, but the lists are long, and newborn obloquy are additional every day.

Just a some of the well-known experience performers on the SAG and AFTRA lists allow Don Rickles, La Toya Jackson, Lola Falana, Colin linguist and Pauly Shore.

Deceased performers on the SAG and AFTRA lists whose heirs are entitled to their residuals allow Natalie Wood, Jayne Mansfield, histrion Bridges, Jerry Orbach, Elizabeth Montgomery, Andy Devine, Cesar Romero, histrion Nolan, Alec Guinness, Mitzi Gaynor, Janet Gaynor, Martha Raye, Tammy Wynette, Laurence Harvey, Don territory and Imogene Coca.

There are lots of additional well-known actors who hit complimentary residuals at AFTRA, too: Elizabeth Taylor, parliamentarian Downey Jr., Kirsten Dunst, king Spade, Gloria Stuart, Jeremy Irons, Katie Holmes, Bob Hoskins, Elizabeth Hurley, past SAG chair Melissa designer and Whoopi Goldberg, to study a few.

One could place on a concert rivaling Woodstock with the acts that hit money inactivity to be overturned over to them or their heirs at AFTRA, including Elvis Presley, Eric Clapton, Pete Townshend, B.B. King, Donovan, "Mama" Cass Elliot, Buddy Holly, Billy Joel, blackamoor Petty, Stevie Nicks, Kurt Cobain, uranologist George, Andy and Maurice Gibb, Ray Davies and Duane Allman.

(David Robb has awninged Hollywood's unions for more than 20 eld and is communicator of "Operation Hollywood: How the bureaucratism Shapes and Censors the Movies.")

AT.

Tags: , , , , , , , , ,
Posted in MOVIES on Aug 7th, 2010, 6:00 am by admin   

 
privacy policy
We use outside ad companies to display ads on our site. These ads may contain cookies that are collected and tracked by outside ad companies. These sites have privacy policies which may be different from ours. You should read the privacy policies on such sites before subscribing to their services.