First look agreement
A first-look arrangement is a form of right of first refusal in the film industry .
Various marketing arrangements can be made in a first-look agreement . In most cases, a film production company guarantees that it will sell finished films or films ready for production exclusively to a film distributor , video-on-demand provider or TV broadcaster . In return, the sales company guarantees certain minimum purchases. For the production company, this has the advantage of not having to sell each film individually to a distributor , but of having economic planning security. There are also first-look arrangements between screenwriters and film production companies. This usually guarantees the scriptwriters a basic salary even for those cases in which the submission is rejected ( first refusal ). Often, after the production is finished, bonus payments are distributed proportionally to the box office results .
literature
- John W. Cones: 43 Ways to Finance Your Feature Film: A Comprehensive Analysis of Film Finance . Southern Illinois University Press, Carbondale 2008.
ISBN 978-0-8093-8739-7 - Angus Finney: Developing Feature Films in Europe: A Practical Guide . Routledge, London 1996. ISBN 978-0-415-13661-7
Individual evidence
- ↑ cf. David Hein: Amazon Prime Video agrees first-look deal with Nicole Kidman horizont.net , June 15, 2018.
- ^ First-Look Agreement Lexicon of Film Terms , October 13, 2012
