film production services

film production services

From Wikipedia:

The producer hires accountants and perhaps already has legal representation. This is important, because of the liability mentioned above. All bills including payroll need to be paid on time and taxes need to be paid. He or she develops all the budgeting. The theatre owner, providing box office services, will turn over the net result of ticket sales. If the results are not good and fall under a set minimum level, the show may have to close. Hopefully this will not happen, and perhaps the producer will make a handy 50% of the net profit, the other 50% going to the investors, and possibilty arrange for more income from a tour, or a film which might put them on the other side of an option. Statistically, highly successful shows and therefore big profits are the exception. Independent commercial production is a high risk business.