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05:30 Feb 23, 2001
English to German translations [PRO]
English term or phrase:negative pick-up deal
This is a commentary on a film:
The studio and the producers agreed on a distribution agreement known as a "negative pick-up deal."
Danke für den Hinweis. Ich hatte jedoch schon vorher auf der Seite geschaut und leider konnte ich die Übersetzung nicht verwenden (das hier zu erklären, würde Tage dauern). 1 KudoZ points were awarded for this answer
Explanation: Hier ist die Erläuterung des Begriffes:
"Other films are both developed and produced away from the studio that ultimately distributes them. These independently-produced projects are often dependent on investors or pre-sale distribution deals (selling off various foreign distribution rights) to finance production. The producer then enters an acquisition agreement with a distributor for release of the picture. This is called a NEGATIVE PICK-UP DEAL.
While the terms of negative pick-up deals vary, the studio/distributor typically pays for all distribution, advertising and marketing costs. The studio and producer share profits. Because the producer has taken the risk of financing production, he probably can obtain a better definition of net profits than if he made the film with studio financing. Profits may be split 50/50 between the studio and producer without a deduction for a studio distribution fee. Of course, the independent producer takes the risk that if the film turns out poorly, no distributor will want it. Then the producer can incur a substantial loss.
In a negative pick-up deal, the distributor will often agree to give the producer an advance of his share of the profits. The producer can use this money to repay investors. Producers will want to obtain as large an advance as possible because they know they may never see anything on the back end of the deal (i.e., no profits).
The distributor wants to pay as small an advance as possible, and usually resists giving an amount that is more than the cost of production. Its executives will propose "We'll be partners. We will put up all the money for advertising and promotion. If the picture is successful we will share in its success." Sound good?
Unfortunately, distributors have been known to engage in creative accounting, and profit participants rarely see any return on their share of "net profits" because of the way that term is defined. Consequently, the shrewd producer tries to get as large an advance as possible. He also tries to retain foreign rights and keep them from being cross-collateralized."
Vesna Zivcic Local time: 02:16 Native speaker of: Croatian PRO pts in pair: 395