1. Rights/Copyright/Ownership You may choose to create a single Purpose Production Company (“SPPC”) to produce and promote the project. Co-producers must decide how much they will share PPSC assets, sometimes referred to as “co-production splitting” including the project`s copyright. For more information on assigning conceptual rights to a PPSC, see our previous blog on the subject. In an international co-production agreement governed by a contract, distribution governs ownership, copyright, work, financial contribution and operating profits. Development or production with someone else is useful for many reasons: it shares the risk, opens up financing opportunities from other countries and can bring the experience of a more experienced producer. However, if you start co-developing or co-producing, it is important that the agreement between you and your co-producers is clear and that it is stipulated in a contract. 9. Duration / Termination If partners develop a project together from the bottom up, the duration of the Co-Pro agreement may be unlimited. However, if one party brings the concept or script to the others, there may be a set time frame to reach certain milestones (get funding, start the main photograph), with the alternative that the rights to the concept fall on the party that introduced the idea. Don`t forget to look at what happens to the IP created in common during development. ! TELEVISION series and films are often developed, produced and operated by several production companies that work together. The co-production agreement is an option to outline the working relationship between the partners.
While each situation is unique, there are recurring aspects of the relationship that should be discussed between the partners and accurately reflected in the Co-Pro agreement. If you try to understand your relationship at first, you can save time and money later. Below are summaries of 10 of the key considerations, particularly in the context of a Canadian national co-production: 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 appeal of a contract co-production is that it can qualify as a national production in each of the partner nations and access the benefits enjoyed by the local film and television industry in each country. The advantages may be public subsidies, tax advantages and inclusion in national television quotas. International co-productions also take place outside of official co-productions, for example with countries that do not have an agreement or projects that do not meet the official co-production criteria. .