Tel T 207 Lecture 15 Outline of Last Lecture I Movies Outline of Current Lecture II Movies Continued Current Lecture Movies Continued o Gatekeepers for the industry In house Own range of options First look contracts Independent producers Very open ended possibilities Negative pick up deals Even more open access o The process Development Pitch idea Script Retainer agreements with lawyers and agents Pre Production Sign Above the line individuals Completion bond agreements o 5 of budget is insurance for if you can t complete the movie Errors and omissions insurance Workers comp insurance Film insurance Location releases and permits Union and guild agreements Financing agreements At each stage options contract Don t pay for full contract until all pieces are there Secure rights to a script Buy something in advance for cheaper o If it doesn t work out they ve only lost some of the options contract Post Production These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute o o o o Distribution agreements Music permissions Video clip permissions Exhibition agreements Windows of release Refer to the points in time at which films tv and other media are released in certain distribution channels and not others Back in the day Best theaters in the best city Next best pre release theaters in the city s downtown area and maybe the best theaters in the next best cities Broader urban coverage Neighborhood theaters in bigger metro areas Only after it runs in larger cities did more places get it Movies were distributed in this way because of the price Higher at first and gets cheaper over time Price discrimination for consumers o Get as much money out of people as you can As tv technology improves it will begin to be a bigger and bigger threat for movie theaters Movie has to really be appealing to make you want to pay for it and leave your home theater Technology greatly affects this Allows for internet for downloading and Netflix OnDemand technology Better home theaters At the same time movie theaters are doing incentives to bring you in More interactive viewing 3D experience Making the experience more like home