This notice describes the residual compensation payable to you under the Writers Guild of America Theatrical and Television Basic Agreement ("MBA"), as well as your right to select a beneficiary or beneficiaries to receive such compensation upon your death. Your residuals will be disbursed pursuant to the terms of your will (or trust document) or under intestacy law if you do not have a will, as well as under the terms of community property as may apply.
Residual Compensation. Residuals are compensation paid for the reuse of a credited writer's work. When you receive credit on produced, Guild-covered material, you are entitled to compensation if the material is reused beyond its initial exhibition. Generally, this means that if there is reuse of your theatrical motion picture in a market other than the theatrical market, or if your television project is reused in any market after its initial broadcast, you will receive residual compensation. In 1977, the Guild negotiated for the member's right to receive residual compensation in perpetuity. As a result, even after your death, you will continue to receive residual compensation if your material is reused.
Should you have any questions, email Estates/Trusts or call (323) 782-4612.