Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Solving the Fight over Union Residuals
The Writers Guild of America has been negotiating with the Alliance of Motion Picture & Television Producers for a new collective bargaining agreement. The current agreement expires on Oct. 31, 2007. The current agreements of the Directors Guild of America and Screen Actors Guild of America end on June 30, 2008. This article summarizes some of the key conflicts that may trigger threatened guild strikes. Most of these issues relate to the income base and calculation of residuals. This article suggests a simple and fair alternative method for calculating residuals that eliminates all the contentious issues, not just in the pending negotiations of the guild agreements, but also in practice.
Residuals are contingent payments based on a percentage of a film's gross revenue. The majority of residuals are paid directly to the guild members, but some payments are also made to the guild's health and pension benefit plans. Residuals are calculated in the following manner:
- Residuals on theatrical films are only calculated based on video and television revenues, not theatrical revenues.
- Residuals are always calculated based on all or a portion of gross receipts. Thus, they are payable regardless of whether the film company makes a profit. From the film company's perspective, this is by far the worst aspect of residuals.
- For film companies that distribute their own videos (as opposed to sublicensing video rights), only 20% of video revenues are included in gross receipts as a deemed royalty.
Here are some of the issues being fought over:
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.