In yet another blow to the already ailing soap opera world, Eric Braeden, the venerable star of CBS’ The Young and the Restless, has exited the top-rated daytime drama after a nasty negotiation with Sony. The production company wanted the popular actor to take a pay cut for playing mega mogul Victor Newman, but Braeden—who’s been on the soap since 1980—opted to leave instead. Barring any last-minute change, Braeden’s final episode will air on Nov. 2. Reps for Sony and CBS had no comment, though one insider indicated that no further talks are planned. EW talked with Braeden, 68, about Sony’s decision to exercise a draconian clause in his contract (his deal that was set to expire in November 2010 can still be renegotiated every 26 weeks) and what it means to the future of daytime dramas.
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4 Comments
I feel badly for actors like Braeden who are being forced out of the business by being offered slave wages. If Ken Howard and the new Screen Actors Guild gets their way, the quality of entertainment in the U.S. is going continue to deteriorate. More cheap productions, such as reality television, which are highly profitable to producers and networks, will take over the airwaves. In the near future, actors will no longer receive residuals and more productions will take place outside the U.S. Once the middle class of the actors union is destroyed, many of the recognizable actors, such as Braeden, will be driven from the business. It is a sad state of affairs which has been facilitated by the inability of the AFTRA and SAG members to collectively bargain with studios and producers.
I feel badly for actors like Braeden who are being forced out of the business by being offered slave wages. Basically, Braeden has no effective union to back him up. If Ken Howard and the new Screen Actors Guild gets their way, the quality of entertainment in the U.S. is going continue to deteriorate. More cheap productions, such as reality television, which are highly profitable to producers and networks, will take over the airwaves. In the near future, actors will no longer receive residuals and more productions will take place outside the U.S. Once the middle class of the actors union is destroyed, many of the recognizable actors, such as Braeden, will be driven from the business. It is a sad state of affairs which has been facilitated by the inability of the AFTRA and SAG members to collectively bargain with studios and producers.
This corporate espionage and culture has tainted the world of entertainment. It is tragic to see a talent like Braeden who is synonymous with Y&R’s legacy be dissolved as if they are oblivious to his intrinsic worth. I am a 2nd generation devotee to Y&R it has me befuddled how this could happen. Y& R might as well close shop because I am not alone when I say ramification for this action will surely supersede the egos of the powers at be when rating depletes beyond what his salary will afford them. What an impractical solution to a temporary financial quandary ….Ridiculously SAD!
If Eric Braden goes so goes the show. I will not watch after Mr. Breaden leaves. Mr. Braden IS Victor Newman …he IS The Young and the Restless…without this OUTSTANDING actor they may as well cancel this show as it won’t last long.