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A unit purchase agreement, also referred to as a UPA, is the mechanism by which an investor is able to buy units in your company in exchange for equity.
Background actors are paid $174 a day. The SAG Moderate Low Budget Agreement applies to non-episodic shows with budgets between $300,000 and $700,000 and has a day rate of $335 and weekly rate of $1166. The SAG Ultra Low Budget Agreement for films that are $250,000 or less.
Page 1 of 14. SCREEN ACTORS GUILD \u2013 AMERICAN FEDERATION. OF TELEVISION AND RADIO ARTISTS. ULTRA LOW BUDGET. PROJECT AGREEMENT (\u201cUPA\u201d)
You can't waive the pay, even if the actor is your friend and really wants to do you a favor and work completely for free, NSA, BFF. If you're working as a SAG signatory, you have to agree to play by their rules. Actors do not have to agree to defer their pay. It's a negotiation.
Despite having three low budget options, the SAG Ultra Low Budget Agreement only applies to films (and short films) that are $300,000 or less. While there is no weekly SAG scale for \u201cultra low budget\u201d projects, the SAG day rate is $216. This is based on the 20% of the basic agreement's day rate.
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The national initiation fee rate is currently $3,000, although it may be lower in some states. Annual Base dues are $227.42. In addition, work dues are calculated at 1.575 percent of covered earnings up to $750,000.
Yes, it's just a matter of who gets covered by a SAG-AFTRA contract. Under the Student Film and Ultra Low Budget Agreements, only the professional performers in the cast are covered.
More information is on the SAG-AFTRA Production Center. The first new agreement is the Ultra Low Budget Project Agreement (\u201cUPA\u201d). This will replace the previous Ultra Low Budget Agreement entirely as well as replace the Special New Media Agreement for non-episodic productions budgeted under $300,000.
https://www.sagaftra.org/low-budget The Low Budget Agreement applies to those films shooting entirely within the United States with a total budget of less than $2,000,000.
SAG AFTRA New Media rates For New Media projects less than $250,000 (but greater than $50k), expect to pay performers a minimum rate of $125 per day and background/stand-ins $96. Shows with budgets up to $700k should expect to pay major performers either $335 per day, or $1,116 per week and extras $130 a day.

sag low budget agreement