TV Broadcasters Call off the 95-day Payment Cycle

Abiding by the Indian Film and TV Producers Council’s (IFTPC) request for a lurched release of funds, broadcasters have foregone the overdue 95-day payment system. This will help makers pay the actors and technicians who were struggling to make ends meet after several shows came to a halt following the industry wide lockdown, leading to further delay in payment.

According to a media source, monthly workers will receive payments in 30 days, too, but suppliers and business people will continue to be paid as per the earlier cycle. While some of the broadcasters have agreed to follow the new payment structure for three months, others have promised to give it six months’ time.

Initially introduced to help producers keep the money circulating, the 95-day wait began the day after the telecast. And while the first three months were difficult, the cast and crew received payments on a monthly basis thereafter, unless there was a halt in production.


News in the domain of Advertising, Marketing, Media and Business of Entertainment

More in Media