Ben Affleck & Matt Damon Start Own Production Company, Promise Profits - TMZ

Ben Affleck & Matt Damon Screw Studios/Streamers ... Make Stuff astatine Our Production Co.!!!

11/20/2022 12:55 PM PT

Ben Affleck and Matt Damon are starting their ain accumulation institution that promises to enactment creatives archetypal -- some successful presumption of little firm reddish portion ... and much wealth long-term.

The 2 Hollywood titans -- who person 3 Oscars betwixt the some of them, and who've starred in, written and directed countless deed films implicit the years -- announced Sunday they were launching thing called Artists' Equity ... which speaks precisely to their extremity here.

The thought down this caller endeavor is to big and cater to premier peeps successful the movie and TV manufacture -- but alternatively of paying 'em slope up front, the mode a large studio/streamer mightiness these days connected talent-for-hire, BA and MD are taking it old-school ... with a chopped of the profits.

Back successful the day, pre-streaming, that was the playbook successful showbiz. Actors and directors and different folks attached to a flick would often beryllium contractually entitled to currency aft the information based connected however good thing did astatine the container office. If a movie crushed implicit time, it could mean much moolah than a one-time payout -- precocious arsenic it whitethorn look astatine archetypal -- which is SOP now.

Ben and Matt wanna bring that back, with BA explaining to the NYT ... "As streamers person proliferated, they person truly ended back-end participation, and truthful this is partially an effort to effort to recapture immoderate of that worth and stock it successful a mode that’s much equitable." He went connected to add, "Not conscionable writers and directors and stars. But besides cinematographers, editors, costume designers and different important artists who, successful my view, are precise underpaid."

Artists' Equity besides aims to bash what large studios can't ... getting retired of the way, and letting creatives person existent ownership/control of their imaginativeness without each the authorities that thin to hinder production, sometimes for the worst. At AE, Ben and Matt are adopting laissez-faire.

It's a neat thought ... and it's not conscionable a tube imagination either. Matt and Ben person secured astatine slightest $100 cardinal successful archetypal financing from RedBird Capital Partners -- positive an undisclosed magnitude of dough from their ain pockets. Ben says he's going to lend his services exclusively to Artists' Equity going forward. Matt's committed to a fistful of films arsenic well.

The 2 Boston boys are making moves ... and movies too! 👀