Even the Oscar-nominated lead actor of A24's latest movie received the same payment as everyone else on set.

Even the Oscar-nominated lead actor of A24's latest movie received the same payment as everyone else on set.
Even the Oscar-nominated lead actor of A24's latest movie received the same payment as everyone else on set.

"Sing Sing," a new movie from A24, stands out in several ways: it focuses on a group of men at the New York prison of the same name who are part of the Rehabilitation Through the Arts program, and its cast is primarily made up of formerly incarcerated performers who are alumni of the real-life program.

All individuals involved in the film production, including production assistants, director, and leading star, were compensated equally on set.

Colman Domingo, who was nominated for an Oscar for his role in "Rustin" and won an Emmy for his work on the HBO series "Euphoria," also co-produced "Sing Sing" and hopes to see its payment model expand across Hollywood.

"Domingo stated to Variety that the model has the potential to change how a production operates, ensuring that the film is equitable both above and below the line. While he is unsure if it works for every story, he believes there are aspects of this that should be implemented across the industry."

The method for the model in "Sing Sing" was developed by filmmakers Greg Kwedar and Clint Bentley, who previously used it in "Jockey" and wanted to expand it for the larger production.

The Screen Actors Guild's daily or weekly rate determines payments for actors, which varies based on the film's budget. As of July, the current SAG daily rate for low-budget films costing between $300,000 and $700,000 is $421. Films with budgets below $2 million require a daily rate of $783.

According to The Hollywood Reporter, the filmmakers did not reveal the exact budget for the film.

"In an interview with KCRW, Kwedar, the director of "Sing Sing," stated, "We constructed a model based on parity. All individuals involved in our film, including the core cast and crew, worked for the same rate.""

While lower-paid workers were guaranteed a living wage, higher-paid stars and experienced talent faced significant pay cuts.

As a result of everyone's involvement, we all collectively own the movie.

Kwedar stated that the transparent payment structure promotes a better work culture by eliminating typical hierarchies based on pay and valuing everyone's contributions equally. The only factor that determines someone's earnings is the amount of time they contribute to the project.

"Kwedar stated that the culture fostered by the company encourages the best ideas to emerge, regardless of a person's income level. By removing the distinction between upper and lower levels, the company promotes the idea that valuable suggestions can come from any source."

Ethos, a new production company founded by Kwedar and Bentley, aims to help independent filmmakers achieve pay equity using the same model.

A gender and racial wage gap exists in Hollywood, similar to many workplaces.

Despite their experience and success in popular and acclaimed projects, actors such as Terrence Howard and Taraji P. Henson have spoken out about receiving low salaries. Additionally, Black actors are often underrepresented among the highest-paid performers in movies and TV.

To stop worrying about money, enroll in CNBC's online course, Financial Wellness: Be Happier, Wealthier & More Financially Secure. We'll teach you the psychology of money, stress management, and healthy financial habits. Plus, use code EARLYBIRD for a 30% discount through September 2, 2024. Start today!

Sign up for CNBC Make It's newsletter to receive tips and tricks for success at work, with money and in life.

How much it really costs to buy a $1 home in Italy
by Jennifer Liu

Make It