Northern Alliance - BFI
Northern Alliance - BFI
Northern Alliance - BFI
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Appendix XVI Business affairs<br />
Short film contracts, terms and conditions, accounts, recoupment and reporting<br />
Key issues<br />
Reporting on money made from sales of short films is inefficient; policing<br />
and reporting costs too much time and money when returns are so<br />
minimal;<br />
Contracting is too inflexible, and the area of business affairs requires more<br />
funding to ensure more appropriate deals.<br />
Background and questions arising<br />
The UK Film Council issues contracts for individual short films, their terms and<br />
conditions, reporting obligations and recoupment and accounting procedures,<br />
are currently in the same style as contracts for full feature films:<br />
Table 18: A comparison of short film schemes‟ current contracts<br />
Scheme<br />
Cinema<br />
Extreme<br />
Completion<br />
Fund<br />
Digital<br />
Shorts/Digital<br />
Nation<br />
Commission Expenses<br />
Up to 35% The lower of<br />
£200 p.a. or<br />
15% of sales<br />
Reasonable Annual<br />
reporting for<br />
five years<br />
Up to 20%<br />
(available to<br />
filmmakers,<br />
strategic<br />
partner‟s<br />
decision)<br />
Accounting and<br />
reporting<br />
Separate trust<br />
account, annual<br />
reporting (£6m<br />
for two years)<br />
Net of<br />
commission and<br />
expenses, 50%<br />
to UKFC until<br />
recouped, then<br />
100% to<br />
producer<br />
Reasonable Strategic<br />
partner to act as<br />
collection agent,<br />
annual<br />
reporting<br />
Recoupment<br />
Net of commission<br />
and expenses,<br />
100% to UKFC &<br />
C4 until 50%<br />
recoupment, 50%<br />
thereafter<br />
Net of commission<br />
and expenses,<br />
100% to UKFC and<br />
strategic partner<br />
until 50%<br />
recoupment, 50%<br />
thereafter<br />
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