I found this contest for film makers in Canada, where if you win they give you a $1,000,000 budget and guaranteed to be released in theaters. You have to give them a 2 minute trailer of a movie that you want to make. If you make it in the top 10, you have to sign them 50/50 profits on everything your movie makes, after they get back the $1,000,000 budget that they gave you. Do you think this is too much or is it fair? Good ideas are hard to come by these days, do you think its worth it, or is it better to go another route like indiegogo or kickstarter and try to keep most shares on your movie?
If your team advances to the Top 10 you will be presented with an option agreement for your script that is negotiable. CineCoup will offer the Top 10 Teams a renewable 1-year option on their script for $2500 (CDN). The Top 10 teams will elect a single legal representative that will negotiate the details of the option on all of their behalf with CineCoup. If you choose to accept and execute this agreement, it will describe what rights are optioned and on what terms teams will participate financially and creatively in the production and exploitation of the project. It is anticipated that filmmakers will be entitled to a favourable 50/50 net revenue split after CineCoup recoups its original investment and costs.
Who controls the rights of the Top Project?
For the top project selected for financing and production by CineCoup, there will be a negotiated long-form contract that will address worldwide rights, fees for the filmmakers and a favourable 50/50 net-revenue split after CineCoup has recouped original investment and costs.
If your team advances to the Top 10 you will be presented with an option agreement for your script that is negotiable. CineCoup will offer the Top 10 Teams a renewable 1-year option on their script for $2500 (CDN). The Top 10 teams will elect a single legal representative that will negotiate the details of the option on all of their behalf with CineCoup. If you choose to accept and execute this agreement, it will describe what rights are optioned and on what terms teams will participate financially and creatively in the production and exploitation of the project. It is anticipated that filmmakers will be entitled to a favourable 50/50 net revenue split after CineCoup recoups its original investment and costs.
Who controls the rights of the Top Project?
For the top project selected for financing and production by CineCoup, there will be a negotiated long-form contract that will address worldwide rights, fees for the filmmakers and a favourable 50/50 net-revenue split after CineCoup has recouped original investment and costs.