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TOPIC: New Terms?

New Terms? 02 May 2007 14:18 #15030

  • ttroidl
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Has anyone else gotten the new "national terms' from BV? load of BS if you asked me! I don't see any mention of it here so I'm wondering if it really is BS or not?

tony.
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Re: New Terms? 02 May 2007 16:20 #15031

  • RoxyVaudeville
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It's true. I recieved them as well. Buena Vista called me to let me know they were coming. And in fact, since they came from Disney, it was no surprise to me at all.
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Re: New Terms? 02 May 2007 18:03 #15032

  • Narrow Gauge
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Why BS? My understanding is that the more biz the pictures does the higher the per cent you have to pay. Picture flops lower per cent. Anyone remember Superman Returns? Very expensive deal(59% AG) and no biz. I would rather have an idea of what the terms are going in than have a mystery settlement after the fact. One more reason to book your films yourself-the days of negotiating terms are virtually gone. What is the downside that I am missing??
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Re: New Terms? 02 May 2007 19:16 #15033

  • puzzlegut
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We have not yet heard anything about this. Could you explain what "national terms" are?
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Re: New Terms? 03 May 2007 15:42 #15034

  • BurneyFalls
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I haven't heard about this either. Please advise what I have to look forward to.
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Re: New Terms? 03 May 2007 17:42 #15035

  • reelman
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I have the gross amounts and settlement %. Should I post them here or by private email? Don't want to po the big cheese.
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Re: New Terms? 03 May 2007 20:18 #15036

  • rufusjack
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I say post them here, afterall it is not like this is top secret stuff in the long run.
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Re: New Terms? 05 May 2007 18:10 #15037

  • ttroidl
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I don't have it with me to read, however the part I don't like is that the rate won't go below 52% (not exact figure) rather than the 35% it would eventually drop to... It was my understanding no matter what, even IF it's a turd, we have to pay the 52% or MORE...

Yes, please post it, I'd like to hear everyones thoughts on it.

Thanks!
tony.
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Re: New Terms? 05 May 2007 21:51 #15038

  • muviebuf
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My understanding is that it is a set rental that will be fixed for all weeks of the run no matter how long you hold the picture. (Which means it no longer pays you to hold if the gross begins to drop since there will be no corresponding drop in the film rental).

And the fixed percentage for all of the weeks will be determined on the final national gross of the picture. And just who determines the final gross ... why the studio itself! Just one more reason for them to overinflate the reported grosses. (As we all know, no studio has a calculator that actually works).
This also has the effect that you will not be able to finally settle a picture until several months in the future. (Just love to get those additional bills in the slow periods....don't you?)
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Re: New Terms? 05 May 2007 21:58 #15039

  • Narrow Gauge
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For first run theaters I think its a good thing. Most films flame out fast so a lower initial AG is better for quick 3-4 week runs.
With a set AG there is no longer any 90/10 figure that could kick in-something I have had in the past which ends up lowering profits.
Also if you go with double prints the AG is better. Take Spidey vs Pirates for istance-Spidey my deal for 2 prints is 2 weeks at 7o% plus a 90/10 potential. For Pirates I'm looking at 61-62 % for 2 weeks with no 90/10 possible. Thats an eight per cent savings during the bulk of business-the first two weeks. Week 3 of each film is 60 vs 62 %. Keep in mind the 62% is only if the picture gross is 300 million or so-if Pirates does 100 million the terms go down-Not so with Spidey.
I like the idea of terms tied to performance of the picture-it seems a bit more of a partnership than before.
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Re: New Terms? 05 May 2007 22:16 #15040

  • puzzlegut
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I understand now. They did that last year with Pirates. I agree that it is a good deal for those that only play for 3-4 weeks and on the break. What I don't like about it is that even after 6 weeks when we play it we still have to pay the same percentage as those that opened it on the break.
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Re: New Terms? 06 May 2007 13:42 #15041

  • reelman
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OK, here are the terms as they were related to me.

$0-$12,499,999- 45%
$12,500,000-24,999,999- 46%
$25,000,000-37,499,999- 47%
$37,500,000-49,999,999- 48%
$50,000,000-62,499,999- 49%
$62,500,000-74,999,999- 50%
$75,000,000-99,999,999- 51%
100,000,000-124,999,999- 52%
125,000,000-149,999,999- 53%
150,000,000-174,999,999- 54%
175,000,000-199,999,999- 55%
200,000,000-224,999,999- 56%
225,000,000-249,999,999- 57%
250,000,000-274,999,999- 58%
275,000,000-299,999,999- 59%
300,000,000-349,999,999- 60%
350,000,000-399,999,999- 61%
400,000,000 and above- 62%
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Re: New Terms? 06 May 2007 16:20 #15042

  • leeler
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I played POC2 8 weeks after the break and only paid 35% for it.....
"What a crazy business"
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Re: New Terms? 06 May 2007 17:46 #15043

  • rufusjack
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So BV is really making it unattractive to carry anything on a second-run or move-over basis from them aren't they?

Just first-run only it looks to me.
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Re: New Terms? 06 May 2007 19:25 #15044

  • BurneyFalls
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I was told a couple months ago that POC3 could not be moved over and would have no new screens until July when it would be re-released. Maybe then the terms will be different. I am not sure if they backed off that plan or not.

And does that mean they will not have any more 35% pictures at all? That seems pretty greedy.

[This message has been edited by BurneyFalls (edited May 06, 2007).]
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