The world has been mourning the sudden death of their beloved Friends star, Matthew Perry. Even many actors worldwide have shed their tribute to the actor. However, it was reported that Perry was earning $20 Million every year, which was the money coming into his account for the appearance of the iconic role of Chandler Bing. This $20 Million revenue was earned via syndication and streaming services.
With this death, the question of who will be paid for his role in Friends is floating around the internet.
Who will be paid the $20 Million Syndication & Streaming Money?
According to the report, it’s been said that the residual cash that the actor was earning every year was owned by his estate, so after his death, these residual payments will be considered his personal property only.
A report from NBC News sourcing to California laws states that, as per laws in California, three different things can done with the Friends stars’ money. The first possibility is Screen Actors from the Actors Guild-American Federation of Television and Radio Artists do hold contracts that allow the members to list their beneficiaries who can take the residual payments in case of death. If Perry had done the same when he was alive, his listed beneficiaries would be getting this payment hereafter.
The next possibility is that if Perry has given beneficiary to a whole trust, the residual payment will flow to the trust instead of to an individual alone. The final possibility is that Perry might not have given anyone’s beneficiary.
In this case, as Perry is not married and doesn’t have children, the residual payments will be sent to his parents and five half-siblings. However, in case of a qualified disclaimer ending Perry’s parents giving up their rights to residuals, then, at last, the residuals payments will be set to the five half-siblings of the star. And if nothing works, then the decision will be given to the hands of the court, where it will be decided to divide Perry’s assets among all of the members.