Yang Mi and William Chan Get Huge Pay Cuts In New Drama
While both could earn up to an estimated 100 million yuan per drama series, Novoland: Pearl Eclipse <斛珠夫人> actors Yang Mi (杨幂) and William Chan (陳偉霆) had to accept huge pay cuts due to a new law that puts a pay limit on artistes.
In efforts to help restart the economy after its slowdown from the COVID-19 pandemic, China’s National Radio and Television Administration (NRTA) has put on a new law that limits how much an artiste can be paid per project.
According to reports, the studios of the upcoming TV drama Novoland: Pearl Eclipse had agreed to pay their lead stars Yang Mi and William Chan 100 million yuan each, but due to the new law, their pay was reduced to 70 percent of its original amount, down to under 30 million yuan. A large portion of that pay would also be taxed.
William Chan’s manager Mani Fok (霍汶希) did not deny the report’s claim, and expressed that they will abide to NRTA’s new laws.
Novoland: Pearl Eclipse is currently in production, and it is slated to air in 2021. It is a spin-off of the Novoland universe, and also stars Well-Intended Love’s <奈何BOSS要娶我> Xu Kaicheng (徐开骋) and Ruyi’s Royal Love in the Palace’s <如懿传> Chen Xiaoyun (陈小纭).
Source: Ettoday.net
This article is written by Addy for JayneStars.com.
30 mil yuan…still alot of $$$
Thats a huge paycut. Id be miffed for doing the same work for a fraction of the pay. So all China productions will be capped at 30 million yuan? Wouldn’t that lower competition and make the sector suffer in the long term. It seemed to be flourishing up till now.
Im guessing its still much higher paid compared to HK shows.
Wow, that is a huge pay cut but they are still getting paid a lot compared to the average citizen. Honestly, they were overpaid before anyways so maybe this new law is a good thing. I guess after the Fan Bing Bing incident, they have realized how overpaid these celebrities are and how greedy they can get in trying to evade taxes.
@hetieshou it seems like they are trying to combat the rampant money laundering in chinese entertainment industty, which heavily inflated actors salary through bidding wars. Hollywood also hadsa ton of money laundering but most of the money seems to be on the production side rather than actor salaries. Industry in China is also relatively young, so there is not a lot of consolidation yet, which means not a lot of backdoor deals and agreements between studios like in Hollywood.
Well, they get paid from the extra projects they take on….so better to be on screen then off screen. Since there are SO SO many newbies these days waiting to overtake the screen with cheap productions.
Yes this is a big pay cut. I remember back then a actor can make 250mil + and eps. Example was Wallace Chung and Angelababy were making 120 mil each for General and I. Too much goes to the artist leaves the production being crappy.
“According to reports, the studios of the upcoming TV drama Novoland: Pearl Eclipse had agreed to pay their lead stars Yang Mi and William Chan 100 million yuan each, but due to the new law, their pay was reduced to 70 percent of its original amount, down to under 30 million yuan.”
100M yuan each, now reduced to 70% of original amount…wouldn’t that be 70M yuan?
Or do you mean reduced by 70%?
Or maybe it was “Lead actors’ pay packets restricted to 70% of total wages for the cast of a show ”
https://www.theguardian.com/world/2018/jun/28/china-caps-film-star-pay-citing-money-worship-and-fake-contracts
“A large portion of that pay would also be taxed. ”
Were their income not taxed before?