SEQUELS/REMAKES. If within twelve (12) years after the initial release (if any) of the applicable Past Picture or Picture directed by Employee, Company (or its successor and assigns) elects in its sole discretion to produce a theatrical sequel, theatrical remake, television motion picture, mini-series or series, or "made for video production" based on any of the Past Pictures or Pictures directed by Employee ("Subsequent Productions") then provided that the applicable Picture or Past Picture was completed at a final negative cost not exceeding 110% of the approved budget excluding the contingency (excluding excess cost incurred due to Force Majeure events and other causes beyond Employee's control, changes pre-approved by Company, net insurance recoveries and retroactive increases to scale personnel under any collective bargaining agreement which are not reasonably anticipated), that Employee is not in Default hereunder and provided further that Employee is available when reasonably required by Company, then Employee shall have the first opportunity to be the director for the Subsequent Production which, if after the Term shall be upon terms to be negotiated in good faith within Company's standard parameters. If Company and Employee fail to agree on the terms for Employee's engagement on the Subsequent Productions within thirty (30) days following commencement of the negotiations, or if Employee is unavailable or elects not to direct, then Company shall have no further obligation to Employee under this paragraph 5.4.
SEQUELS/REMAKES. If separated rights, Theatrical sequels = 50% initial compensation and bonus; remakes = 33%. Series Payments: $ ______ per 1/2 hour episode; $ ____ per 1 hour episode; $ _____ per MOW (in network primetime or on pay television, otherwise $ _____ per MOW); $ ______ per sequel produced directly for the videocassette/DVD market; $ ______ per product produced for the interactive market based on the Project; _________________________ [other, e.g., theme park attractions based on the Project]. Spin-offs: Generic – 1/2 of above payments and Planted – 1/4 of above payments If Writer is accorded sole “Written by” or “Screenplay by” credit, Writer shall have the right of first negotiation on all audio-visual exploitation, including, but not limited to remakes and sequels and MOWs, mini-series and TV pilots (or first episode if no pilot) for a period of seven (7) years following release.
SEQUELS/REMAKES. In the event Producer elects to produce a motion picture remake, sequel, prequel or television project based upon the Picture (individually or collectively, "Subsequent Production"), Investor shall have the exclusive right to provide financing for such Subsequent Product on the same terms and conditions hereof. Investor shall have a period of one hundred and twenty (120) days in which to elect in writing to provide such financing. Following such period, Producer may seek such financing from third parties, provided that prior to accepting such third party financing, Investor shall have a period of ten (10) days in which to match the material financial terms of any bona fide written third-party financing offer received by Producer. Nothing herein shall restrict Investor from reaching a co-production finance arrangement with any such third-party.
SEQUELS/REMAKES. Producers shall have the right to make sequels, remakes and one or more television series based upon the screenplay optioned herein, provided that there shall have first been produced a television, theatrical or other feature length motion picture under the terms of this agreement. In the event that the writers have received sole story and screenplay credit for the motion picture, producers shall pay the writers, with respect to any sequel, 50% of the cash sums paid with the respect to the first production and 1% of the net profits of such remake. With respect to a remake, 33 1/3% of the cash sums paid with respect to the first production and 1% of the net profits of such remake. With respect to any television series, the per episode royalty will be in accordance with the industry standard.
