| Commentary

419 Producer's profit in independently financed product

| Commentary

419 Producer's profit in independently financed product

Unlike a production financing and distribution agreement where a producer has one system of accounting and one barometer to indicate whether he is in profit or loss, in the case of an independently financed film the primary exploitation of the film may be carried out on a territory by territory basis with a number of different distributors. In some cases different media will be licensed to different parties in the same territory, and where a film is exploited on a piecemeal basis, each theatrical distribution agreement and each video distribution agreement will be

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