The SAG Modified Low Budget Agreement is a contract between a production company and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) that provides a cost-effective option for low-budget film and television productions. This agreement allows independent filmmakers to hire professional actors at reduced rates and minimizes the hassle of dealing with complicated union regulations.
The SAG Modified Low Budget Agreement is intended for productions with budgets under $700,000. The contract offers a sliding scale of compensation for actors based on the budget of the project. The scale starts at $125 per day for actors in films with a budget of $50,000 or less, and goes up to $335 per day for actors in films with a budget of $700,000 or more.
One of the main advantages of the SAG Modified Low Budget Agreement is that it provides a streamlined process for hiring union actors. With this agreement, producers do not have to worry about the complex hiring regulations and fees associated with union productions. This allows for a more efficient and cost-effective production process.
Another benefit of this agreement is that it provides professional actors to low-budget productions that would otherwise struggle to afford their services. This allows independent filmmakers to produce high-quality work and compete with larger productions.
In addition to providing cost-effective compensation for actors, the SAG Modified Low Budget Agreement also includes provisions for working conditions and benefits. The contract guarantees actors a safe and healthy work environment, including rest breaks, meal breaks, and access to medical attention if needed.
Overall, the SAG Modified Low Budget Agreement is a useful tool for independent filmmakers looking to produce high-quality work on a limited budget. By providing a simplified process for hiring professional actors and offering a range of compensation options, this agreement helps ensure that low-budget productions can compete with larger productions while still maintaining high standards of quality and professionalism.
