Common use of LOW BUDGET COMMERCIALS Clause in Contracts

LOW BUDGET COMMERCIALS. (A) A Low Budget commercial is defined as a commercial whose total production costs (excluding “Editorial and Finishing”, “Talent Costs & Talent Expenses” and any budgetary overage incurred after production has commenced for which the Employer does not receive payment) as set forth on the AICP Film Production Cost Summary (hereinafter “Production Costs”) do not exceed $125,000 per shoot day and total production costs cannot exceed $625,000. The Guild will give good faith consideration to requests by the Producer for waivers, which shall not be unreasonably denied, from the preceding sentence where the total production costs exceed $625,000. (B) Low Budget Commercials shall be divided into four different tiers based on daily Production Costs as follows: Tier 1: Low Budget commercials whose Production Costs are less than $50,000 per shoot day. Tier 2: Low Budget commercials whose Production Costs are equal to or greater than $50,000 but less than $80,000 per shoot day. Tier 3: Low Budget commercials whose Production Costs are equal to or greater than $80,000 but less than $100,000 per shoot day.

LOW BUDGET COMMERCIALS. (A) A Low Budget commercial is defined as a commercial whose total production costs (excluding “Editorial and Finishing”, “Talent Costs & Talent Expenses” and any budgetary overage incurred after production has commenced for which the Employer does not receive payment) as set forth on the AICP Film Production Cost Summary (hereinafter “Production Costs”) do not exceed $125,000 per shoot day and total production costs cannot exceed $625,000. The Guild will give good faith consideration to requests by the Producer for waivers, which shall not be unreasonably denied, from the preceding sentence where the total production costs exceed $625,000. (B) Low Budget Commercials shall be divided into four different tiers based on daily Production Costs as follows: Tier 1: Low Budget commercials whose Production Costs are less than $50,000 per shoot day. Tier 2: Low Budget commercials whose Production Costs are equal to or greater than $50,000 but less than $80,000 per shoot day. Tier 3: Low Budget commercials whose Production Costs are equal to or greater than $80,000 but less than $100,000 per shoot day. Tier 4: Low Budget commercials whose Production Costs are equal to or greater than $100,000 but less than $125,000 per shoot day.