Revenue Share for Producers

Screen Daily reports that the Irish Film Board has announced a new loan recoupment deal that will allow producers to share in the revenues from their film or television projects.

According to the IFB, "Irish production companies will now share in the IFB's own revenues, so that part of what would normally flow to the IFB towards its own recoupment, flows to the producer instead."

As of July 1 the producer of a film or television project in which IFB invests will be entitled to an 'internal corridor' of 50%, subject to certain exceptions. In effect, half of the money invested by IFB is considered as money invested by the producer. IFB is deemed to have recouped when it has earned back half of its investment, the other half having been received by the producer. The internal corridor will not apply to net profits.

The details are available in the IFB's Producer Recoupment Guidelines.