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Unformatted text preview: 9/29/09 Lecture #6 Green Light Meeting Decide whether to proceed to production o Heads of major revenue streams meet o They have all reviewed the approved screenplay Approved budget based on the screenplay o Schedule & budget that fits the screenplay o Major employment & financials They all bring projections of how they believe this movie will fare in terms of their own revenue stream Financials are brought in/go over past performances of actors/instinct/judgment They guess how much money would be made (low, medium, high) Then they vote & sometimes there is a green light But, you usually get the yellow light because budget is too high Turnaround Legal response to development hell Contractual concept t riggered by the decision at the green light process to not go forward This t riggers a time frame (negotiated) allowing the producer to take the project elsewhere with the same elements If there is a rival financial/distributor willing to take it on then they pay back original studio (all their costs up to that day, plus interest)...
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