Remake Rights. The exclusive right shall be transferred to the Production Company within 20 (twenty) years to produce a remake of the Film and to make a new Film or series (”concept remake”/”spin-off”) and a follow-up of the Film with one or more films or sequels (”prequels”/”sequels”), hereinafter referred to as “the Remake Rights”. If the Production Company shall exploit or let others exploit the Remake Rights to make a Danish production (with a Danish Delegate Production Company and/or in the Danish language), the Director shall first be offered the right of first refusal to manage the direction of the new production on market conditions. If the Director as a result hereof shall become the Director on the new production, the Director shall not receive remuneration/royalties under the provisions set out below. In case of the Production Company’s own exploitation of the Remake Rights, the Director shall be entitled to a fee equivalent to [min. 20] % of the Directors total pay, cf. Clause 3, index-linked to the development in the net price index. In case of the Production Company’s retransfer of the Remake Rights to at third party, the Director shall be entitled to a royalty of [min. 20] % of the net income generated by exploitation of the sale/licensing of the Remake Rights. The net income is defined as all gross income (regardless of how it is distributed between the Production Company and any co-production companies, etc.), less documented equitable and direct costs related to the sale/licensing.
Remake Rights. Provided that Company has obtained the remake, sequel, or other production rights in the Picture, then with respect to remake, prequel, sequel rights, television production, animated productions and any other subsequent production rights, including live stage rights (collectively, the “Remake Rights”), such Remake Rights shall be subject to Distributor’s right of first negotiation /last refusal as outlined below:
