Common use of Television Motion Picture Clause in Contracts

Television Motion Picture. For a television motion picture based in whole or in part on the Play, the “Purchase Price” shall be equal to One Hundred Thousand Dollars U.S.($100,000.00) payable upon exercise of the right hereunder to create the television motion picture and in any event no later than the start of the picture’s principal photography; 4.3.4. Television Mini-Series: For any television mini-series based in whole or in part on the Play, the “Purchase Price” shall be an amount equal to Twenty Thousand Dollars U.S.($20,000.00) per hour (of the mini-series), prorated for part hours up to a maximum of One Hundred Thousand Dollars U.S.($100,000.00) payable to Owner upon exercise of the right hereunder to create the television mini-series, but in no event later than the commencement of principal photography of a television mini-series based in whole or in part on the Play; 4.3.5. Scripted Primetime Series: For any scripted series premiering on network television (i.e., ABC, CBS, FOX, NBC) in primetime or on any premium cable (i.e., HBO, Showtime, Cinemax, Epix, Starz) or any SVOD service which has at least 5 million paying subscribers in the U.S., including Netflix, Amazon and Hulu, Production Company shall pay Owner the following perepisode royalty as a “Purchase Price” hereunder: 4.3.5.1. Two Thousand Five Hundred Dollars U.S.($2,500.00) for each 1 – 30 minute episode; 4.3.5.2. Four Thousand Two Hundred and Fifty Dollars U.S.($4,250.00) for each 31 – 60 minute episode; and 4.3.5.3.