Advanced Financing Webinar: How To Put Together A Recoupment Schedule For Your Film or TV Project
Hosted by David Zannoni
$49
On Demand Webinar - Available for immediate viewing and unlimited access.
Start Learning
Projects:
Hosted by David Zannoni
$49
On Demand Webinar - Available for immediate viewing and unlimited access.
Webinar hosted by: David Zannoni
International Film Business Specialist at Freeway Entertainment
David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. Full Bio »
Webinar Summary
As creatives, we tend to focus on the writing, the directing, the creative producing, basically all the creating aspects of a film or television series. But it’s important to understand what happens after a film is released or TV series is aired. All those big box office numbers sound great, but who gets all that money and in what order? Who gets paid and in what order is called the “recoupment schedule” also known as “the waterfall.” It’s important to understand this schedule, so that you know your place in the waterfall.
Some people may find the recoupment schedule confusing, because there are several factors and various agreements that go into determining the order of recoupment. Those includes sales agency agreements, co-production agreements, finance agreements, talent agreements, interparty agreements, security agreements, and collection account management agreements. Plus there’s the consideration of domestic and international revenue, and what gets allocated through the waterfall. But if your head is already spinning, fret not. With the right guidance, all of this will make much more sense and David Zannoni is the best at breaking this down.
David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America.
David is going to help you understand the ins and outs of a recoupment schedule and how to make sure you are on top of your finances for your own project. He will first go into what exactly a recoupment schedule looks like and what kind of projects they are normally used for. He will delve into the agreements that recoupment schedule is based on. He will also go into how the payments are executed, how to determine the order of payments, and which funds you should be allocating. You’ll walk away with a solid foundation and understanding of “the waterfall” and where you may fall in the waterfall.
What You'll Learn
- What is a Recoupment Schedule?
- Who Puts Together the Recoupment Schedule?
- Who Uses a Recoupment Schedule?
- Which Projects have a Recoupment Schedule?
- Agreements on which the Recoupment Schedule is Based
- Sales Agency Agreement
- Co-production Agreement
- Finance Agreements
- Talent Agreements
- Interparty Agreement
- Security Agreement
- Collection Account Management Agreement
- Which Payments are Done from the Recoupment Schedule?
- Off the tops
- Collection Account commission and expenses
- Guild Residual payments
- Sales Agent commission and expenses
- Other costs and expenses
- Financing
- Debt financing
- Production loans
- Private loans
- Senior, mezzanine, and junior debt
- Equity financing
- Private equity
- Equity investors
- Other financial contributions
- Deferments
- Box office bonuses
- Profit participations
- Other entitlements
- How to Determine the Order of Payments from the Recoupment Schedule
- How to Determine the Manner of Payments from the Recoupment Schedule
- Pari passu payments – at the same time
- Pro rata payments – in proportion to financial contribution
- Which Funds are Allocated through the Recoupment Schedule
- Revenues generated from distribution
- Domestic distribution revenues
- International distribution revenues
- Surplus tax credit funds
- Festival receipts
- Merchandise receipts
- Other sources of revenues
- Multiple revenue streams
- Q&A with David
About Your Instructor
David Zannoni
FAQs
Q: How do I watch my webinar live?
A: If you received a confirmation that your webinar is on Go to Webinar, you will receive an email from Go to Webinar with further instructions for participating in the live webinar. You can also access your webinar link in your purchase history located under settings in the top right-hand corner of your Stage 32 profile.
If you received a confirmation that your webinar is on Zoom, you will receive a separate email from Zoom with further instructions for participating in the live webinar. Your login link will not be in your Stage 32 profile. If you did not receive your link via Zoom please email support@stage32.com.
Q: How do I watch my webinar on demand?
A: You will be able to watch your webinar on demand as many times as you’d like inside your Stage 32 profile. The recording is processed and posted between 24-48 hours after the webinar concludes. You can follow the instructions below.
YOU MUST HAVE A STAGE 32 PROFILE TO WATCH YOUR VIDEO – STAGE 32 IS FREE TO JOIN
If You Already Have a Stage 32 Profile:
- Log into your Stage 32 profile
- Click "Settings" in the top right-hand corner (gear icon)
- Click "Purchase History"
- Choose this webinar and click the link to view
- Go to www.stage32.com
- Create a profile using the SAME email address you used to sign up for this webinar. The email addresses must match in order to watch the webinar.
- Once you have your profile set up, you can view the webinar by clicking "Settings" in the top right hand corner (gear icon)
- Click "Purchase History"
- Choose this webinar and click the link to view
Q: What is the format of a webinar?
A: Stage 32 Next Level Webinars are typically 90-minute educational broadcasts that take place online using a designated software program from Stage 32. Your webinar will be taught by a working industry professional with in-depth teaching on a topic. If you are able to attend live you will be able to ask your Stage 32 Educator questions during Q&A.
Q: What are the system requirements to watch my webinar live?
A: You will need to meet the following system requirements in order to run the webinar software: Windows 7 or later Mac OS X 10.9 (Mavericks) or later.
If you have Windows XP, Windows Vista and Mac OS X 10.9 (Mountain Lion): The webinar software does not support these operating systems. If you are running one of those operating systems, please upgrade now in order to be able to view a live webinar. Upgrade your Windows computer / Upgrade your Mac computer.
Q: What if I cannot attend the live webinar?
A: If you cannot attend a live webinar or purchase an on demand webinar, you will have access to the entire recorded broadcast, including the Q&A.
Q: Will I have access to the webinar afterward to re-watch?
A: Yes! Like all Stage 32 education, after the purchase of a live or on demand webinar, you will have on-demand access to the recording.
Q: How do I get a copy of the handouts provided?
A: If the webinar you take included handouts you can find them as downloads underneath your on demand video. You must be logged into your Stage 32 profile to view the video and get the handouts by clicking settings in the top right hand corner, then clicking purchase history.
Q: What if I need accessibility and accommodations?
A: Email support@stage32.com to request accommodations.
Thanks for your loyalty to Stage 32 Education. We value having you in the Stage 32 community.
If you have any further questions, we are always happy to help. Please contact Stage 32 support at support@stage32.com.
Relevant Tags
Share with friends:
Questions?
Other education that may be of interest to you:
Advanced Film Financing Webinar: Revenue Management for International Co-Productions
As the world becomes flatter and technology brings us closer together, opportunities for international cooperation continue to abound. For producers or creatives looking to find or bolster their next indie project, there is a huge amount of potential in joining forces with companies or teams from other countries and pooling your resources together, creating something larger than the sum of its parts. Forming an international co-production can give you access to more funding and financing opportunities, more access to locations, actors and crew, and more sales and distribution opportunities after the film is finished. But while international co-productions can reap great rewards, they also present unique financial challenges. Navigating this transnational world requires a set of skills and wherewithal that can be hard earned but is hugely valuable. Financing any film or project is tricky, but international co-production can be especially complicated, particularly when it comes to revenue management. After all, revenues generated by the project will need to be split amongst several producers and usually their financiers and talent as well. Not only are you dealing with more stakeholders, but also more countries, each with their own systems and regulations. Complicated though it might be, it’s your responsibility as the film’s producer to know how to navigate these waters and ensure the revenue is shared correctly and efficiently. Doing so will not only ensure that your current project is a success, but also allow you to hold on to your foreign relationship, boost your international reputation, and give you the ability to have partners to work with for future projects to come. David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. David will teach you how revenue management and revenue sharing on international co-productions work and how you can be prepared to handle this tricky subject effectively. He will first delve into how international co-productions work and will also outline the way distribution rights and sales are generally handled for these projects. Next David will talk about the relationship between co-producers on a film and how they can best share ownership, including co-producers that are financiers or talent. He will then teach you how to handle revenue management for an international co-production, diving into both domestic and international revenues, sharing revenue amongst co-producers and how financiers and talent are paid. David will explain collection accounts and how they work on international projects. Finally, David will share an in-depth case study of a real international co-production and show the contracts, recoupment schedules and revenue splits to explain how the project came together and how the revenue was ultimately shared. Through this advanced level webinar, David will ensure you can walk into an international co-production knowing how to handle the financing correctly. Praise for David's Previous Stage 32 Webinars: "David is incredible and lovely and clearly knows his stuff." - Cynthia P. "Eye-opening information. A no-brainer approach that wouldn't be so obvious to the uninitiated." - Gary O. "By far, the best class I've seen on the subject." Kirk K. "David is a fantastic teacher. And what a voice! I could listen to him all day. More importantly, I learned so very much!" - Isabella T.
How to Protect Your Financiers for Your Independent Film Project
If you're an independent filmmaker, it's likely you don’t have all of the funds you need to begin or complete your production. In this scenario, you need a film financier to step in and invest equity. While the financier is often hands-off with the actual production, they do have a prominent position in the process. Their assets are your assets, and they need to be protected. Borrowing money is only one step in the process. Assuring your financier that their assets will be protected during the filmmaking and production process is another. If you’re ready to take your film to the next level but aren’t clear on what financiers expect as far as protection when you borrow, you may be at a disadvantage. Protecting money given to you by someone with a vested interest in your film is extremely important. It’s also good business practice. And going into a conversation knowing what they expect before they hand over any equity - can only work in your favor. Your future lender has expectations. Let's delve into how you can always meet those expectations. David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. David will teach you how you can keep your financiers protected and explain the 6 different options you should take into consideration when you sit down with a financier for your own project. After explaining what the role of a financier on an independent film usually looks like, he will discuss security interests, completion bonds, escrow accounts, collection accounts, legal representation, and compliance, what each of these look like, and how you can use these to best protect your financier. There are variables for every filmmaking scenario, but David will leave you with a much clearer understanding the role of the financier and how you can keep them happy and safe so that they’ll want to work with you time and time again. Praise for David's Previous Stage 32 Webinars: "David is incredible and lovely and clearly knows his stuff." - Cynthia P. "Eye-opening information. A no-brainer approach that wouldn't be so obvious to the uninitiated." - Gary O. "By far, the best class I've seen on the subject." Kirk K. "David is a fantastic teacher. And what a voice! I could listen to him all day. More importantly, I learned so very much!" - Isabella T.
How to Handle Guild Residual Payments For Your Film Production - with Free Agreement Downloads
If a film production is going to use talent that belongs to a guild, you will need to adhere to labor related matters when it comes to residuals. Residuals are how you pay your guild talent and a key component of any production. These payments have a strict way in which they need to be handled in order to make sure that your talent is being compensated properly - whether it's payment upfront or payment on the backend. Conversely, if you are in a guild you need to ensure that your contract lays out the correct components with residuals to make sure that you are paid properly. Whether you are the person paying or the person receiving, we're talking about money here and you don't want to get it wrong. Understanding residual payments in some of the world's key film markets (US, UK and Canada) is vital to your production. As you are putting together your budget and ensuring that your production comes in at or under your budget you have to know how residuals work. Working with guilds can be tricky, but as long as you are clear upfront on how to pay their members and how that flows into your budget you can ensure success. And, if you're talent that belongs to a guild you want to ensure that you are getting every payment that is owed to you for your service on a project. David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. David will teach you what exactly residuals are and go over a comparison of them in the USA, Canada and the United Kingdom. He will go into a deep dive example on a US example where he will discuss options for payments of residuals and how the calculation works. You will understand how the payment for residuals is secured in security interest, the collection account or the payroll house. He will even go over the agreements you should know that are related to residual payments. He will even dive into residual and media allocation and the recoupment schedule. You will leave with a clear understanding of how residuals work and how to best protect yourself on both sides when dealing with them. With this webinar you will receive free template downloads: DGA Basic Agreement SAG AFTRA Security Agreement SAG AFTRA Standard Agreement SAG AFTRA Television Distributors Assumption Agreement SAG AFTRA Television Buyers Assumption Agreement WGA Theatrical and Television Basic Agreement Standard CAM Agreement International Multi-picture Rights Distribution License Agreement Sample Webinar Resource Sheet Praise for David's Previous Stage 32 Webinars: "David is incredible and lovely and clearly knows his stuff." - Cynthia P. "Eye-opening information. A no-brainer approach that wouldn't be so obvious to the uninitiated." - Gary O. "By far, the best class I've seen on the subject." - Kirk K. "David is a fantastic teacher. And what a voice! I could listen to him all day. More importantly, I learned so very much!" - Isabella T.
Think Like an Entrepreneur - How to Be Profitable on a Sub EUR 1 Million Film in the European Market - With a Film Case Study
As an independent filmmaker or producer, you likely start working on a new endeavor for creative reasons—the chance to tell an amazing story, build worlds, create something of cultural value. Yet this is, of course, not the only element of filmmaking. Like it or not, your independent film is not just a creative endeavor; it’s also a business. You’re sourcing financing and bringing in investors, building a team, and creating a property that will (hopefully) ultimately make money not only in the present, but for years to come. In short, you’re not just a making a piece of art; you’re also running a business. To operate successfully in the world of independent film and continue to make films that you’re proud of, you need to be able to think like an entrepreneur and understand the dynamics and the relation between financing, distribution and recoupment of film investments. Further, you need to open up your creative mindset to the myriad opportunities available all over the world including hot markets found throughout Europe. The business side of films is often especially difficult for filmmakers and creative producers, but the more you understand, the better your chances of finding a production partner or investor to take your vision forward. Working in the European market, especially with films in the €1MM and sub€1MM range can offer you opportunities you haven't thought of before. But to take advantage of this surging market, you need to understand the variety of production and financing options available and how to tap into them. Whether it's hard money, soft money or other methods toward financing and securing the necessary pieces to greenlight your project, getting a handle on the in's and out's of how to proceed will put you in a powerful and advantageous position. Understanding and executing this business model will open new doors to other productions around the world and serve to create a portfolio of proof that will serve as a calling card moving forward. David Zannoni is an international business specialist for Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management specifically in the US, Latin America and Europe. As an international film business specialist David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. David is intimately familiar with how independent films are financed and made profitable all over the world and will share what he knows exclusively about the European market with the Stage 32 community. David will focus on the European market and walk you through what you need to know to finance your independent film, EUR1MM or less, and leave profitable. He will begin by explaining what a EUR1MM or under budget looks like, whether it’s considered a small film or microbudget, and how it compares in the larger worldwide film market. He’ll delve into how film financing works specifically in Europe, including a breakdown of soft money sources versus hard money sources, debt financing versus equity financing, tax and location incentives, and film funds and government support. He will also discuss working with a co-production as a financing tool. He will highlight how European film financing is different compared to other regions and the different levels of film financing to consider: European, national, and regional. David will next demonstrate the importance of language, culture, and collaboration and will then teach you what specifically Europe can offer for both European and non-European productions, including incentives, co-productions, diversity, talent, and shooting locations. He will explain how to approach your film as an asset, how to see yourself as an entrepreneur, and how to see filmmaking as a business. David will then go over the continental circle of financing, distribution, and investment recoupment and will explain how risk mitigation works for European film projects. Next he will discuss managing revenue and rights, as well as managing recoupment as a whole. He will spend time delving into European film contracts, including distribution agreements, CAM agreements, and sales agency agreements. David will ultimately illustrate whether European films can be profitable and how, and analyze with you when a European film can be considered successful, whether it breaks even or finds profitability. Plus, David will show a case study of a real EUR1MM European film to illustrate how a film of this level can be profitable and exactly how the money flows through from beginning to end. He’ll show financing documents and spreadsheets to illustrate the financing structure and demonstrate how money flows in and out. Through this detailed and practical demonstration, you will leave with strategies and a deep understanding of how to approach your own EUR1MM film as an entrepreneur and build a finance structure that will leave you and your investors profitable. This Stage 32 Webinar is Part 2 in David’s "Think Like an Entrepreneur" series. Click here to check out David’s webinar on being profitable in US marketplace with a sub-$1MM film. Praise for David's Previous Stage 32 Webinars: "David is incredible and lovely and clearly knows his stuff." - Cynthia P. "Eye-opening information. A no-brainer approach that wouldn't be so obvious to the uninitiated." - Gary O. "By far, the best class I've seen on the subject." Kirk K. "David is a fantastic teacher. And what a voice! I could listen to him all day. More importantly, I learned so very much!" - Isabella T.
Understanding The Latin American Film Marketplace And How You Can Succeed In It
A New Exclusive Stage 32 Webinar! Learn how you can take advantage of the growing opportunities in Latin America in this webinar hosted by the international executive at Fintage House. Since 2018 we’ve seen an explosion of filmmaking talent coming from Latin America. ROMA, from Mexico, took the world by storm when it emerged as a 3-time Oscar winner for best Director, best Cinematographer and Best Foreign Language Film of the Year, with 10 overall nominations. It came off of the heels of A FANTASTIC WOMAN from Chile, who also won Best Foreign Language Film of the Year and, ENCANTO from Columbia, which won best Animated Feature. This year 13 Latin American films were shortlisted for Oscar nominations, and of those films most were co-productions with other countries. There’s clearly something special happening in the Latin America film marketplace and it’s time you take advantage of it. If you have thought about working in Latin America, taking advantage of financial incentives to shoot there, or tapping into the talent in the area, now, exclusively through Stage 32, we’ll break down an overview of this region. You’ll learn about production, financing and distribution, as well as public policies and funding for film & TV production in Latin America. Not sure where to start? You’ll also learn the players in the area. Guiding you on your Latin America journey is veteran Stage 32 Educator David Zannoni, the international consultant for Fintage House and the company’s representative in Latin America (among other areas), where he negotiates agreements for films and television series. He is heavily involved in business development and relationship management in the U.S., Latin America, and Spain. By the end of this webinar, you’ll have a strong knowledge of how Latin American entertainment works and how to jump into the vast opportunities with your project and get your project in front of audiences. Praise for David's Previous Stage 32 Webinars: "David is incredible and lovely and clearly knows his stuff." -- Cynthia P. "Eye-opening information. A no-brainer approach that wouldn't be so obvious to the uninitiated." -- Gary O. "By far, the best class I've seen on the subject." -- Kirk K. "David is a fantastic teacher. More importantly, I learned so very much!" -- Isabella T.
How to Navigate Business and Legal Affairs For Your Independent Project to Ensure It's Protected
It can be more exciting to focus on the creative side of developing and producing your film or TV project, but if you’re a producer, you know this is not the only aspect you need to cover. Navigating business and legal aspects can truly make or break your project. Handling IP, chain of title, contracts and legal documents, setting up production entities, domestic and international negotiations with producers, financiers, talent agents and law firms—the list goes on, and not one element can be overlooked or handled haphazardly. No matter the size of your project, understanding the business and legal affairs that come with it is of the utmost importance and can be the difference between your film making it to the screen and falling apart in the process. Business and legal affairs are a different story for larger independent production companies and studios. They will have in-house staff and lawyers to handle these matters or can hire outside production council. This is likely not be possible for your smaller independent project. As a result, business and legal affairs are often overlooked in smaller productions—to the production’s own detriment. Yet it doesn’t need to be this way. You don’t need to hire a team of attorneys in order to ensure your indie project is covered and protected. Instead, you need to understand which aspects of business and legal affairs are important, what support there is available for independent producers, and how to best navigate the process to ensure every other aspect off your production stays on track. David Zannoni is an international business specialist for Fintage House in the US, Europe, Canada and Latin America territories. Fintage House, the world's most respected company for revenue and rights protection for industry professionals and companies. David negotiates agreements for films and television series and is involved in business development and relationship management globally on hundreds of productions. David is continuously present to make deals and speak at international film markets, festivals and conferences, including: the Cannes Film Festival, the European Film Market (EFM) in Berlin, the American Film Market (AFM), Ventana Sur, the Bogota Audiovisual Market (BAM), and the Toronto International Film Festival (TIFF), and travels regularly to the United States, the Netherlands, Europe, and all over Latin America. David will discuss both business and legal affairs that will be involved with your independent production. He’ll dive into how to deal with multiple players in the industry while putting together your project, how to negotiate and make deals, and the other business knowledge and expertise that is important for you to know when putting your film or series together. On the legal side, David will explain the different types of agreements you’ll need to have and the process of navigating many agreements at once. He’ll also go into the trickier aspects of legal affairs including domestic vs. international jurisdiction, distribution rights and licensing, recoupment schedules, and even arbitration and legal proceedings. Through David’s advanced and wide-stretching presentation, he will share with you countless tools that you can take to ensure that your own project is protected and can ultimately come together.
Register / Log In
