Matt Damon and Ben Affleck have launched a production company called Artists Equity that will offer profit participation to creatives working behind the scenes as well as on camera. The new venture has secured $100 million in financing from RedBird Capital Partners, and Affleck and Damon have also committed undisclosed sums. Affleck has committed to working exclusively for Artists Equity while Damon says he will star in a predetermined number of films. The move is in response to streamers’ reluctance to share earnings, and reported industrywide dissatisfaction with that new status quo. Continue reading Artists Equity Is Launched to Share the Wealth with Creatives