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Courtesy of Sundance Film Festival
With streamers paying big for global rights to films already pre-sold to the foreign buyers see Apple s $25 million deal for Sundance hit Coda international distributors are worried sales companies could introduce mandatory kill fees to force them to sell back hits.
As Berlin s European Film Market kicks off Monday, international distributors are up in arms over an alleged proposal to introduce mandatory buy-back clauses to films being pre-sold to foreign territories.
The idea, which several sources say has been floated by the U.S. talent agencies, would require international distributors to promise to sell back a film they have bought for a small kill fee should the movie, once made, fetch a bigger price from a global buyer, such as a streamer or major studio.