WHAT IS A PRE-SALE AGREEMENT? (In the Entertainment industry.)

Pre-Sales / Photo Credit: Guerrilla Rep Media

WHAT IS A PRE-SALE AGREEMENT? (In the Entertainment industry.)  

Bruce Bisbey…please follow me at: https://dumbdogproductions.com/

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What is a Pre-Sale agreement?

Pre-sales is, based on the script and cast, selling the right to distribute a film in different territories before the film is completed.

In a pre-sale agreement, a buyer licenses or pre-buys movie distribution rights for a territory before the film has been produced. The deal works something like this: Filmmaker, or his sales agent, approaches Distributor to sign a contract to buy the right to distribute the Filmmakers next film.

A pre-sale is a limited distribution agreement for a particular country entered into prior to completion, and often even prior to commencement of production, of the film. Thus, most pre-sales involve a foreign distributor committing to pay a fixed dollar amount (referred to as an advance or a minimum guarantee) upon delivery of a film in exchange for specified rights in the film in a given country for a limited term. In most cases, no ancillary rights are acquired (e.g., merchandising, publishing, and soundtrack rights). In addition to the advance due upon delivery, the distributor commits to pay “overages,” which are contingent payments based on the success of the film.

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Pre-Sales / Photo Credit: Guerrilla Rep Media