During pilot season, we believe any day can be Tuesday ;)
And since we’re drawing a close on pilot season, we thought we’d dive into the explanation of what a holding fee is.
A holding fee can mean a couple of different things whether the project is a commercial or episodic television.
In commercials, if a client decides they want to hold an actor, it means the actor cannot book a commercial for a competing company. A client may decide they want to do this if they either are undecided about airing the spot again or know that they want to air it at a later date.
In this situation, the holding fee check will continue to be sent every 13 weeks.
For TV, holding fees pertain to the fee that must be paid to an actor to be held for any length of time.
The length of the hold and fee can technically be negotiated and usually this fee pertains to actors who are optioned for another season.
The purpose of this hold is to keep the actor for taking another pilot/show that they could become contracted to.
This way, the network can keep actors in first position until final decisions are made about a pick up or renewal.
#themoreyouknow #terminologytuesday terminologywednesday #thecastingdirectorscut #workingactor