What is a buy-out on Voice123?
The term 'buy-out' is used in cases where a client has hired a voice over talent for a 'one price includes everything' type of contract. In short, if a voice over talent is hired at a 'buy-out' price, it means they will be paid once for the job, regardless of what is required, and no residuals.
Perhaps, one of the most famous 'buy-outs' of all time was the usage of Vincent Price's voice for the 1982, Michael Jackson video, 'Thriller'.
The job was a 'buy-out' that paid Vincent Price $25,000. The video & song, in which his voice was used made over $250 million. Mr. Price made no residuals.