Y.E.P. budget allocation, legal prep: chain of title

Your Essential Preparation

Budget Allocation, Legal Prep: Chain of Title

Drag and Drop

Which items were included in the example distribution budget?​

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graphic design

video asset creation

campaign supervision

filmmaker supervision

festival consultant

soundtrack production

scriptwriting

contract collation

mouthwash

B&L insurance

Reorder

Put the distribution waterfall in order.

• Distribution expenses (taxes, residuals for guilds and unions)

• Distribution fee (usually 10%–30% of gross receipts)

• Gross participations are paid (usually only A-list talent)

• Bonuses are paid (usually only A-list talent)

• Distributor deducts the advance/MG paid to production company

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Drag and Drop

The Producers’ Pool is 50% of the money left over when the following have been paid back:​

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P&A Costs

Distributor Fees

Sales Agent Costs

Sales Agent Fees

Marketing Analysts

Contract Arbitration

Catering Costs

Periodical Subscription

Categorize

Options (9)

lead producer

director

writer

name-above-the-title actor

2nd name actor

3rd name actor

name cameos

all other producers

executive producers

Categorize who usually gets money from the "producer's pool"

Usually paid something

Often zero %

Fill in the Blanks

What exactly is chain of title? Entertainment lawyer Stacey Davis broke down the concept: "It's basically a collection of documents that show [

] of the film is vested in own person or entity."

Multiple Select

What is One Step Independent Filmmakers Should Take to Protect Themselves and Their Film?

• copyright the content

• apply for grants & tax incentives

• purchase E&O insurance early

• put all ownership & expectations in writing

Reorder

Reorder the following correctly.

• you don't have a clean chain of title

• ownership & rights are in question

• fearing lawsuits & complications, distributors will be reticent to work with you

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Multiple Choice

A clean chain of title is necessary even for a little short film.

• True

• False

Multiple Choice

The script is an important part of chain of title. It must be registered with the Writer's Guild of America.

• True

• False

Now you are smart.