342 Residuals

It is important for the producer to take into account the amount of any residual re-run or foreign use payments which may be required pursuant to union agreements or contractual commitments in respect of the exploitation of audio-visual programming in particular territories or in particular media. It will obviously not be in the producer’s interests to contract for a sale where the net revenue is likely to be less than the amount of fees payable to artists in order to acquire the exploitation rights granted by the agreement.

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