When You Make A Good Bet, You Should Win
Profit participation is a contract structure that ties your eventual compensation to the success of a project. This is a common way for a smaller production to attract big-name talent, and those that agree to the prospect make a sort of bet on their performance. Unfortunately, sometimes you might have to fight for what they owe you.
At Singer Weinsten Wolf & Jonelis, our dedicated entertainment law attorneys take on that fight for you. You performed up to your contract; you deserve to reap the benefits of your work. We will aggressively pursue the payment you are not receiving and take every step within the law to recover what they owe you.
How Do Studios Attempt To Avoid Profit Participation Payments?
It is not a stretch to say that a studio looks after its bottom line first and foremost, so profit participation looks like good business for both parties. The problem arises when studios take action to ensure a smaller payout, such as:
- Doing a nonstandard release of a film
- Tying your dividends to net profits as opposed to gross profits
- Manipulating the definition of “profit” in the contract
Payment “on the backend” of projects is extremely common and very profitable, but not without risks.
In disputes with studios, we take aggressive action. We move quickly to file suit and pursue what you deserve without reserve.
We Rescue Residuals
At Singer Weinsten Wolf & Jonelis LLP, we help the creative giants of California and the entertainment industry retain the residual payments for their work. You may or may not rely on those payments to get by, but it is your money. You earned it. We will strive to make sure you get them. Reach out to our office by calling 310-556-3501 or email one of our attorneys.
