Tel-T 207 Lecture 15Outline of Last Lecture I. MoviesOutline of Current Lecture II. Movies ContinuedCurrent Lecture- Movies Continuedo 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 accesso The process Development- Pitch/idea- Script- Retainer agreements with lawyers and agents Pre-Production- Sign “Above the line” individuals- Completion bond agreementso 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 cheapero If it doesn’t work out, they’ve only lost some of the options contract Post-ProductionThese 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.- Distribution agreements- Music permissions- Video clip permissions- Exhibition agreementso 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 besttheaters 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 consumerso Get as much money out of people as you cano 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 theatero Technology greatly affects this Allows for internet for downloading and Netflix OnDemand technology Better home theaterso At the same time, movie theaters are doing incentives to bring you in More interactive viewing 3D experience Making the experience more like