um.. I think there's more to this (for sag/aftra productions) -

residuals come into play when the project you worked on is distributed and exhibited beyond the remit of the original release, which includes the following:

Worldwide theatrical releases for films 10 exhibition days within 1 year on subscription-based TV 1 exhibition and a week of advertising-based video on demand (AVOD) 90 days of high-budget subscription video on demand (HBSVOD), which include platforms like Hulu, Netflix, Max, etc.

that beyond term is the key - and these properties have long tails.

but at the end the amounts are paltry compared to how syndicated residuals used to keep artists afloat.

yeah it's all fucked