The Writers Guild of America posted a record residuals year in 1990, according to the guild’s latest report.
Film and tv residuals collected the guild last year totaled $79,133,862 – up 5.4% over 1989, the previous record-high residuals year.
Since the WGA began collecting residuals for its members in 1955, it has collected more than $676 million.
Last year, residuals from tv reruns – the single largest source – accounted for more than $48 million. Since 1955, when the guild first began collecting rerun residuals, more than $492 million has been collected.
Supplemental market residuals from films and tv shows accounted for more than $22 million last year – up 9.6% over the previous year. Since 1974, when the WGA first began collecting these supplemental market residuals, the guild has collected slightly more than $101 million.
Theatrical films shown on domestic and foreign free tv accounted for approximately $8.5 million last year – down 6.5% from 1989. Since 1963, when the guild first began receiving film-to-tv residuals, the WGA has collected nearly $83 million.
Chuck Slocum, the WGA West’s director of industry analysis, said that at the current rate of growth, the guild expects to pass the $1 billion residuals mark sometime in 1994.