What are actor rates?

Actor rates refer to the amount of money actors are paid for their work on a project, such as film, television, theater, or commercials. These rates can vary widely based on factors like experience, the type of production, union status (such as SAG-AFTRA membership), and the role's prominence. Union contracts often set minimum rates, but well-known or in-demand actors may negotiate much higher fees. Additionally, rates may be structured per day, per week, or for the entire project, and can include residuals or royalties for future use of the actor’s work.