In a recent interview, Millie Bobby Brown, the young star who gained fame through her role as Eleven in Netflix's hit series "Stranger Things," expressed serious concerns about the dangers posed by leaked salary contracts. The 20-year-old actor has been a prominent figure in Hollywood since her early teens and recently earned a substantial paycheck for her work on Netflix's "Enola Holmes 2." However, she emphasized that such financial details should remain confidential, especially when it comes to child actors. Brown highlighted the potential risks these leaks pose to young performers and called for better protection of their privacy.
In the heart of Hollywood's glittering world, where salaries can often become public spectacle, Millie Bobby Brown is making waves not just for her talent but for her thoughtful stance on industry practices. Having starred in both seasons of "Enola Holmes" and serving as a producer, Brown was reportedly paid $10 million for her role in the 2022 sequel. Yet, what stands out more than the impressive sum is her concern over the implications of such information being made public.
Brown, who began her acting career at age 11, voiced her apprehensions during an interview with Vanity Fair. She pointed out that contracts signed by minors should be safeguarded from becoming public records. "It just puts children in a really dangerous situation," she remarked, suggesting that the industry might be too lenient in handling the upbringing of young talents. Her comments reflect a deeper issue within the entertainment sector regarding the treatment and protection of child actors.
Brown’s rise to stardom began with her breakout performance in "Stranger Things," where she quickly became a fan favorite. By the third season, her earnings had significantly increased, and for the final season of the show, she is expected to earn millions more. However, her focus remains on advocating for safer practices within the industry. She credits her parents and Netflix for providing her with the necessary support and protection during her formative years in the spotlight.
From a journalist's perspective, Brown's reflections offer valuable insight into the challenges faced by young actors in the entertainment industry. Her call for stricter confidentiality measures highlights the need for better safeguards to protect the well-being of child performers. It serves as a reminder that while financial success is important, the safety and mental health of young stars should always take precedence. This conversation opens up an important dialogue about the responsibilities of studios and the broader entertainment community in ensuring that child actors are not exposed to unnecessary risks.
A venture capital firm is making waves in the creator economy by launching a significant investment fund aimed at nurturing content creators who demonstrate strong entrepreneurial potential. Slow Ventures, an early-stage investment company, has established a new fund worth $60 million dedicated to supporting creators who possess the innovative spirit akin to that of startup founders. The initiative seeks to identify individuals who can leverage their unique niche and audience to build scalable businesses beyond traditional influencer activities.
The fund's approach is distinctive in that it focuses on creators who view their media presence not merely as a source of income but as a strategic asset for launching diverse business ventures. Slow Ventures will provide investments ranging from $1 million to $3 million in exchange for a 10% stake in creator holding companies. These entities will encompass various business lines that creators may explore, such as product lines or publishing projects. This setup allows creators the flexibility to experiment with different content forms, expand their teams, and develop broader business models. Megan Lightcap, a partner at Slow Ventures, emphasizes that this strategy targets creators who are deeply knowledgeable about specific areas and can spot gaps in the market that they can fill.
The emergence of creators as a new breed of entrepreneurs marks a significant shift in how venture capitalists perceive and support talent. Traditionally, investing in individual creators might seem risky due to reliance on one person's performance. However, Lightcap argues that creators offer a wealth of verifiable data points—such as audience engagement and revenue streams—that make them easier to evaluate compared to nascent startups. Furthermore, there are historical examples of media personalities transforming niche content into substantial enterprises, like Martha Stewart and Oprah Winfrey. This trend suggests that creator-led businesses have the potential to evolve into major players in the market, possibly even reaching milestones such as initial public offerings (IPOs). The future of the creator economy looks promising, with Slow Ventures positioning itself at the forefront of this transformative movement.