If you are a filmmaker or producer working on a low budget movie or commercial, you probably know the importance of finding ways to cut down costs and maximize your resources. In such cases, the AICP Low Budget Agreement (LBA) comes in handy.
The LBA is a contract agreed upon between the Association of Independent Commercial Producers (AICP) and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) that governs the minimum rates and terms for low budget productions.
The agreement is intended to provide a framework for low budget productions, defined as those with a total budget of $50,000 or less. This includes commercials, corporate videos, and other non-theatrical productions.
One of the main benefits of the LBA is that it provides a set of minimum rates for performers, which allows filmmakers and producers to budget accordingly. Rates for actors under the LBA are significantly lower than those outlined in the SAG-AFTRA Standard Agreement, making it an accessible option for low budget productions.
In addition to the minimum rates, the LBA also includes provisions for meal breaks, overtime, and travel expenses. These provisions help to ensure that performers are treated fairly and that the production runs smoothly.
It`s important to note that the LBA is a binding agreement between the AICP and SAG-AFTRA, and not every producer or production is eligible to use the agreement. To qualify, a production must meet the criteria outlined in the agreement and must be signatory to the AICP.
If you are a filmmaker or producer working on a low budget production, it`s worth considering the benefits of the AICP Low Budget Agreement. By following the guidelines outlined in the agreement, you can ensure that your production runs smoothly and that you are able to maximize your resources while staying within your budget.