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Northern Alliance - BFI

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To date no short film has fully recouped its UK Film Council Investment. 95<br />

Reporting<br />

Lifesize Pictures has a system for dealing with revenue reporting and relies on<br />

obtaining information from national and regional screen agencies and<br />

filmmakers.<br />

Cinema Extreme: Producers account for revenues and send annual statements to<br />

the UK Film Council‟s Business Affairs and Production Finance departments.<br />

Completion Fund: Mayavision reports to the UK Film Council‟s Business Affairs<br />

and Production Finance departments.<br />

Digital Shorts: Each National and Regional Screen Agency is required to account<br />

to Lifesize Pictures annually on the performance of films and sales, however there<br />

has been inconsistency in receiving this reporting.<br />

Background to current practice<br />

Contract logic<br />

There are several reasons why current short films contracts are a cut-down version<br />

of the feature film contracts, rather than being a more simple grant agreement:<br />

Part of the UK Film Council‟s mission has been to professionalise short<br />

filmmaking, and just as filmmakers use shorts to gain experience of the<br />

process of making films and developing their creativity, they also need to<br />

gain an insight into professional business practices in order to prepare<br />

them for moving on to making a feature film;<br />

The short film contracts have been drafted to reflect:<br />

(a) the fact that the UK Film Council distributes Lottery money and is<br />

therefore responsible for ensuring accountability and value for money<br />

in its use. Over time, provisions have been added to some of the<br />

templates to reflect best practice and to address issues that have<br />

arisen at partner level to do with openness and transparency of<br />

processes; and<br />

95 Source: UK Film Council Business Affairs department.<br />

Page 96

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