Profit share arrangements

From time to time on this site, I've seen productions advertised as 'profit share arrangement.' Besides admiring the confidence of those advertising, my tiny mind boggles as to how one divvies up said profits. To that end, I'd love to hear from anyone who's tried this, either, succesfully, or unsuccesfully. Any advice will be gratefully received. Should anyone wish to divulge their secrets, or even, alternative suggestions, I'm all ears. My email address is johnnygrim@optusnet.com.au cheers Johnny Grim

All your questions can be answered by visiting the MEAA site Johnny. There are some documents on how to set up a PS arrangement, obligations for the producers and the cast crew. If you are not a member and cannot access the guidelines then find someone who is. There have been some dodgy producers out there and I have been burnt myself so take care.

I'll check it out...

I've just sent you the MEAA Standard Kit, plus our own adaptation....hope it helps! Rapunzel

"Life is too short to stuff a mushroom"

www.moorebooks.net.au

 

I've always used a profit-share set up for my shows. We have had a couple of shows which have not made much more than costs back, but on other occasions we have had a decent profit to share. I've always drawn up contracts for the cast and crew at the beginning of the rehearsal process, and have never had any issues from any of the company about this process. I have found it's a great way to go when you don't have any funding - it doesn't commit you to paying your cast and crew a set fee when you may not make it (particularly if you don't have any funding and aren't rich!) but it does give the cast and crew an assurance that if they don't make money off it, you (as producer) haven't either - a much better system than getting them all to work for free and the producer keeping all the money! It also means that generally the cast and crew do actually help to promote the show because they know their share is directly related to ticket sales! Sarah Gooda Artistic Director, Spangled Aura Productions

cheers Johnny Grim