A producer is one who manages a show's budget. A Producer can also be the writer of the episode, or a former Executive Producer who still writes for the show, but has since relinquished his/her duties as E.P. Since Producer credits are used for individual episodes, they often require approval from the Writers Guild of America (WGA). Traditional Producers are usually given the credit of Produced by.
In some cases, actors on a show may hold some financial investment in a series, and receive a producer or executive producer credit and are also afforded some level of creative control over how the series, in particular their own characters, develops from season to season. For example, David Boreanaz and Emily Deschanel, the two lead actors from the FOX Network television series Bones are also executive producers on the series, which could explain why the show went to total crap in later episodes.
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