Let me note one other little thing about all this and it's not to be depressing, but rather something to keep in mind (for any and all).
You note, "IF the lead producer gets in on ANY profits that may arise after film breaks even (if it does)... I get 15% of those profits."
Think about that number for a moment. It's 15% of what the producer nets when it's all said and done. The question becomes, it's 15% of what percent?
You are probably aware of all this, but just as a reminder. So let's say the film is made for $1 million all in. Every little thing including all distribution costs. Then it brings in $2 million from box office, streaming, etc. Thus, $1 million in net profit. Now the producer might only be getting say 5% of that net which would be $50,000. From that, your percent would be $7,500. Nothing to sneeze at, but not huge either -- most certainly not $150K.
Thus, I would keep a scenario such as that in mind. It might make all kinds of money, but with creative accounting, etc. the net profit drops fast. And depending on what percent of the net profit the producer gets, you then get 15% of that. The pie could get sliced up and you might get a tiny bite of one slice.
What would nice to ascertain is, what percent of the net profits for the film is the producer actually entitled to? Then roughly try to figure out what the film might realistically make and go from there. Again, it sounds like you are locked in already, but maybe this can help someone else down the road to some degree or another.
Hopefully some others can offer up some personal experiences in terms of what they have been through with these types of deals and payouts.
You note, "IF the lead producer gets in on ANY profits that may arise after film breaks even (if it does)... I get 15% of those profits."
Think about that number for a moment. It's 15% of what the producer nets when it's all said and done. The question becomes, it's 15% of what percent?
You are probably aware of all this, but just as a reminder. So let's say the film is made for $1 million all in. Every little thing including all distribution costs. Then it brings in $2 million from box office, streaming, etc. Thus, $1 million in net profit. Now the producer might only be getting say 5% of that net which would be $50,000. From that, your percent would be $7,500. Nothing to sneeze at, but not huge either -- most certainly not $150K.
Thus, I would keep a scenario such as that in mind. It might make all kinds of money, but with creative accounting, etc. the net profit drops fast. And depending on what percent of the net profit the producer gets, you then get 15% of that. The pie could get sliced up and you might get a tiny bite of one slice.
What would nice to ascertain is, what percent of the net profits for the film is the producer actually entitled to? Then roughly try to figure out what the film might realistically make and go from there. Again, it sounds like you are locked in already, but maybe this can help someone else down the road to some degree or another.
Hopefully some others can offer up some personal experiences in terms of what they have been through with these types of deals and payouts.
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