Tag Archives: money

Wells Fargo, Patron of the Arts

Last week Wells Fargo Bank’s advertising department blundered badly into a politically incorrect mess by saying that the arts one pursues as a child give way to careers in engineering or botany. Never mind that it’s equally true for child … Continue reading

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Coogan Investment

Parents spend much of their effort toward making sure their children get paid when they are supposed to and that the correct amount lands in their Coogan accounts.  Once there is a substantial amount deposited, you will want to make … Continue reading

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Checking accounts for children

Child actors in California are required to have Coogan accounts which can’t be touched until they they turn 18, except to make deposits. Parents need to access other earnings in order for the child to pay for their own acting-related … Continue reading

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Talent Manager embezzled funds

The Talent Managers Associate (TMA) reported $42,000 has been embezzled from their accounts, but did not give a name.  Since anyone with account access must be a manager and a member of TMA, the accused or suspected culprit must also … Continue reading

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When are spec projects alright?

There are two types of spec projects we never recommend, commercials and unpaid background work on any project.  Spec projects are just that, speculative.  They are made with the hope of selling them later on. Do spec projects sell? Sometimes. But … Continue reading

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What is in the Coogan?

It’s a good idea to regularly check the statements on your child’s Coogan account, even if your child hasn’t worked recently. A percentage of residuals should show up in the account when paid, along with the required percentage of pay … Continue reading

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SAG-AFTRA warning about casting workshop scams

The Los Angeles City Attorney is now joined by SAG-AFTRA in trying to stop casting workshop scams. Rather than going after the CDs or the workshops, where the Guild has no authority, they may be going after the actors themselves … Continue reading

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