What Is a Co Production Agreement

Por 13 de abril de 2022 Sem categoria

The debate on international co-productions focuses on the possibility for productions not to have a weak cultural specificity in any of their countries of origin. Internationalization brings tensions in terms of costs, benefits and opportunities. In Australia, for example, O`Regan and Ward argued that an influx of international production on Queensland`s Gold Coast in the 1990s was a significant challenge for local producers. Faced with such challenges, local producers must learn “how to internationalize local film and television production to maintain and hopefully increase their market share; and how to develop new funding models that combine local and foreign sources. [15] One approach has been to reconcile this tension by creating “local production with an explicit international orientation.” [16] But not everyone agrees that this is the best approach. For example, the idea that Australia should produce more “deterritorialized” programs such as fantasy and science fiction has raised concerns in some parts of the industry. – European Union agreement on bilateral film co-production The ICAA (Institute of Cinema and Audiovisual Arts), which depends on the Spanish Ministry of Culture, signs and manages co-production agreements to facilitate filming agreements between Spanish and foreign companies. Government agencies are well aware of these concerns. A review of Australia`s co-production rules acknowledged the tensions between cultural and economic objectives, arguing that “requiring the program`s objectives to be primarily economic or cultural would impede the program and reduce its effectiveness in achieving both outcomes.” [22] As mentioned above, filmmakers also co-produce outside the framework of official co-productions, for example with countries that have not concluded an agreement or with projects that do not meet the official qualification criteria. Audiovisual co-productions governed by international treaties and considered national as such can benefit from: Hoskins, McFadyen and Finn as well as Parc identify the disadvantages of international co-production: Due to the cost of directing, many films shot outside the United States are international co-productions. For example, Amélie is set in France and plays French actors, but many scenes were shot in a German film studio and post-production was taken over by a German film company.

[6] International co-productions open up new markets for films and television programmes and can increase the production of high-quality productions through the sharing of equity investments. [7] The Canadian study found that domestic joint ventures performed better on television projects than international joint ventures. However, for projects with a larger budget, domestic joint ventures have not proven to be a viable alternative to international joint ventures. [20] In their subsequent study of co-production in Australia, the authors identified financial pooling as the most important benefit and increased coordination costs as the greatest drawback. [21] This suggests that co-productions are more suitable for big-budget productions, particularly films, which have higher capital requirements but do not incur the same dollar-for-dollar coordination costs as small projects. 9. Duration / Termination If the partners jointly develop a project from scratch, the duration of the Co-Pro agreement may be indefinite. However, if one party brings the concept or script to the other parties, there may be a deadline set to reach certain milestones (obtaining funding, starting the main photograph), with the alternative that the rights to the concept will go to the party that contributed to the idea. Don`t forget to look at what happens to the jointly created intellectual property during development…! 1. The producers mentioned above and signed below (hereinafter referred to as the “Co-Producers”) will do their best to obtain financing for the production of the aforementioned Project and will exercise sole and exclusive control over the disbursement of funds for all production, marketing and distribution costs. 8.

Dispute Resolution As an alternative to your partner going to court for a dispute, the Co-Pro Agreement should provide for an alternative dispute resolution procedure with mediation and arbitration. 4. Budget, funding and work delineation Other roles assigned to partners include controlling the budget and cash flow, being responsible for filing tax credit claims, and maintaining the bank account. Key discussion points in the budget include how production costs are divided, who is entitled to the company`s overhead and/or the provision of production services and facilities is provided and reimbursed. Will the partners agree that some people will take on key roles in the production, from the writer to the director? Official co-productions are made possible by agreements between countries. Co-production agreements aim to achieve economic, cultural and diplomatic objectives. For filmmakers, the main attraction of a contractual co-production is that it is considered a national production in each of the partner countries and can access the benefits offered to the local film and television industry in each country. Benefits may include government financial assistance, tax breaks, and inclusion in national television ratings. International co-productions also take place outside the framework of official co-productions, for example with countries that have not reached an agreement or projects that do not meet the official co-production criteria. The director of the dialogue, Mickey Knox, recalled that many countries behind the old Iron Curtain offered producers lucrative deals to bring in US dollars and pounds sterling.

In exchange for a share of the profits or full payment, the host country would charge most of the local fees; the film is often referred to as a co-production. [8] International film co-productions were very common in the 50s, 60s and 70s between Italian, Spanish and French production companies, as most spaghetti westerns and sword and sandal films show as Spanish-Italian co-productions usually directed by an Italian, fifty-fifty played by Spanish and Italian actors, and toured in landscapes of southern Spain. .