BOF quiz #1

Above-the-line (ABL)

Costs related to the acquisition of rights and payments to the Talent and producers (creative costs)

Below-the-line (BTL)

Actual production costs, including all crew with fixed rates

DGA

Directors Guild of America

Distributor

The owner or licensee of film rights who licenses these rights to third parties

Green Light

When a film is approved for production

Gross receipts

all recorded money received

Net Profits

earnings after expenses and taxes are deducted

Pre-Production

the process of preparing all the elements of a video production, including planning, storyboarding, script writing, scheduling, props, camera angles and locations

Pre-Sale

A sale of particular motion picture rights for a fixed payment upon Delivery plus Overages, which sale is entered into prior to completion (and usually even the start) of production for the motion picture

Producer

A person responsible for the financial, creative, and managerial aspects of making a film.

ROI

return on investment

Studio (Major)

An entity that can produce a film from the development stage all the way to distribution

VOD

video on demand

Indie Studio

A studio that needs to depend on third parties for certain aspects of creating a film

Film Production Phases

1.Development
2.Production
3.Distribution

Filmmaker

Someone in charge of the technical aspects of creating a film