If you are not a union member, you might consider becoming one. Unions usually set minimum fees for broadcast buyouts and copyrights which will help you with setting up your buyout fees.
Setting rates for voice over work has always been a headache. How much should you charge your clients for using your voice? How much should you charge your clients for your studio facility? How much should you charge your clients for your time spent converting the audio in the appropriate format? How much should you charge your clients as an overall project rate?
Still most talents and companies out there calculate their voice over rates manually and I hope these articles will help understanding the basic aspects that take part in the formation of voice over talent rates.
So what are the different aspects of the process you should have in mind when forming your voice over rates? Here they are:
1. Media Exposure- how the content you voice will be used and exposed?
Generally, there are 2 types of media content in regards of exposure: broadcast and non-broadcast. These categories are pretty much self-explanatory but still let me give you some examples:
Broadcast media is a type of media that is meant for a public broadcast and reaches a large audience through various media channels. Broadcast media is: TV programs, TV series, animation, TV and radio commercials, films, video games etc. What you need to know about setting your voice over talent fee and production rate when you voice a broadcast content is that your voice and your audio product are a subject to buyout compensation for a certain territory and a certain period of time. Usually, the buyout compensation for TV content is additional 30% to your voice over production rate (talent fee, studio recording, editing).
The buyout compensation for commercials could be:
– A flat rate per spot for unlimited use (all media channels, territory and a period of time)
– A flat rate per spot for limited use (media channels, territory and/or period of time)
– A % from the commercial spot voice over production fee for limited media channels, territories and a limited period of time.
What is important to know is that if you are the voice talent and the voice over producer at the same time, you should charge for buyout compensation both as a talent and as a producer.
Artists and producers’ rights are stated in your local copyright legislation and you need to be familiar with it when you sell your services both as a talent and a producer.
Charging clients for a broadcast content usage is your legal artist and producer’s right which serious clients are familiar with and treat with respect. Audiobook voice recordings fall in the same category. It also legitimates you as a voice over professional and makes you stand out of the crowd.