Post by roverpup on Feb 28, 2018 15:35:48 GMT
When StudioCanal bought into SunnyMarch it brought with it a lot of financial resources that would help expand the company. That was the whole point of soliciting a company like that to partner up with a new production house like SM. StudioCanal is a big force in TV and films and their 20% share is large enough to give SM some cashflow (but not enough that BC and AA lose control of their “baby”). I really doubt SM can’t employ a small(ish) but substantial enough staff and at the rate they have been buying up properties they obviously have the confidence to expand and need the appropriate staff to handle their projects (and future deals).
SM also would have got ££££ from the BBC for TCiT and like sgev said it has been selling well in other markets as well. Same for Patrick Melrose - as distributors, Showtime would have paid SM (and Little Island Productions) to air the series already, so that is “money in the bank” so to speak, because that deal was closed a while back.
If it’s anything like book contracts, some money is paid up front before the product comes out and then more is paid after it appears (and there is alway more following in future years from further sales, such as DVDs, secondary markets etc., kind of like royalties for authors). My husband hasn’t written a book in a bit, but he still gets royalty cheques twice a year from his publisher. And he is still receiving money from the Canadian Public Lending Rights Commission for his first book which was published in 1988. It’s a complicated business when dealing in the creative arts.
:-))
SM also would have got ££££ from the BBC for TCiT and like sgev said it has been selling well in other markets as well. Same for Patrick Melrose - as distributors, Showtime would have paid SM (and Little Island Productions) to air the series already, so that is “money in the bank” so to speak, because that deal was closed a while back.
If it’s anything like book contracts, some money is paid up front before the product comes out and then more is paid after it appears (and there is alway more following in future years from further sales, such as DVDs, secondary markets etc., kind of like royalties for authors). My husband hasn’t written a book in a bit, but he still gets royalty cheques twice a year from his publisher. And he is still receiving money from the Canadian Public Lending Rights Commission for his first book which was published in 1988. It’s a complicated business when dealing in the creative arts.
:-))