{"id":129,"date":"2009-01-06T12:55:19","date_gmt":"2009-01-06T17:55:19","guid":{"rendered":"http:\/\/lofiscifi.com\/?p=129"},"modified":"2009-01-06T12:55:19","modified_gmt":"2009-01-06T17:55:19","slug":"errors-and-omissions-insurance-and-broadcast-sales","status":"publish","type":"post","link":"http:\/\/ghostswithshitjobs.com\/productionblog\/legalities\/errors-and-omissions-insurance-and-broadcast-sales\/","title":{"rendered":"Errors and Omissions Insurance and Broadcast Sales"},"content":{"rendered":"

\"\"<\/a>I’ve just talked to a director who’s sold a movie for broadcast and gotten a theatrical release, and he gave me the off-the-record skinny on some of his experiences and cleared up some other legal things we were discussing here<\/a>.<\/p>\n

Superchannel was interested in purchasing the broadcast rights to his movie, but required them to have Errors and Omissions Insurance. An E&O insurance company protects the broadcaster against getting sued for stuff: say you have a brand name in the shot, a store, or a person in the background. If they see themselves in a movie they don’t like they call up Superchannel or whoever, but Superchannel shuffles them off to the E&O insurance company. They have to settle with the person, or deal with it somehow.<\/p>\n

So in this director’s case, they had to submit the movie to the E&O company and they assessed the potential risk and charged them accordingly. There was a brand of a local beer who’s appearance they were able to clear with the beer company since it wasn’t presented in a unpleasant way, which reduced how much they were charged. So every location\/extra\/music\/actor\/crew release you have signed is one less risk the E&O company has to take, and thus charge the moviemaker for. He thought companies and individuals were much more likely to be perceived as a risk than public spaces — he’d never heard of people having to produce permits from the city for on-the-fly shots. He imagined the insurance would cost $5-$10,000 but wouldn’t have to be paid until there was a broadcaster offer.<\/p>\n

The rights to his movie, which he thought was pretty average or standard, sold for about $50,000 to Superchannel. So, overall, I think it’s worth it to do the paperwork as we go, as it amounts to location\/extra\/music\/actor\/crew releases drawn up and signed.<\/p>\n

He said that broadcasters sometimes do presales based on a script, but they expect it to trigger other much bigger investor money (ie. Telefilm, who would be impressed you have a broadcaster); that they often have content input, and while this is not control, one is behooved to take it seriously if one wants to continue the relationship with other projects — a “too many cooks” situation. He threw out $15,000 as a hypothetical presale number, but it’d be based on a small percentage of the budget. Doesn’t sound worth it for the amount of shopping-around effort and potential interference.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve just talked to a director who’s sold a movie for broadcast and gotten a theatrical release, and he gave me the off-the-record skinny on some of his experiences and cleared up some other legal things … More→<\/span><\/a><\/p>\n","protected":false},"author":138,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19],"tags":[],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-legalities","category-money"],"_links":{"self":[{"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/users\/138"}],"replies":[{"embeddable":true,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/comments?post=129"}],"version-history":[{"count":4,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/posts\/129\/revisions"}],"predecessor-version":[{"id":134,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/posts\/129\/revisions\/134"}],"wp:attachment":[{"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/media?parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/categories?post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ghostswithshitjobs.com\/productionblog\/wp-json\/wp\/v2\/tags?post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}