International Initiative

GLOSSARY

Net revenue
Also known as “back end revenue,” refers to income generated from sales of the program after production costs and expenses. This is generally the “profit” of the film that is shared with the investors and the producers.

Production Agreement Note
This document outlines the responsibilities of both ITVS and producers once they have entered into and signed a contract with each other.

Deferrals
Expenses in the approved production budget, typically salaries of the producer(s) and director(s), that will not be paid until all other production expenses are covered by secured funds.

Delivery
Means both delivery and approval of specific items (deliverables) to ITVS, (such as rough cuts, fine cuts, promotional materials, masters, etc.) as outlined in the Payment and Delivery Schedule of the contract.

Demo reel (or tape)
A reel containing clips of your past work.

Distribution
Means both distribution of the program to broadcast entities in the U.S. territory and any release of the program on home video, theatrical, non-theatrical and educational outlets.

Domestic
Refers to the United States territory.

Editing rights
Because ITVS is not a broadcaster, we reserve the right to modify the program to fit the format and technical standards required by potential U.S. broadcasters.

Errors and Omission Insurance
Also known as E&O Insurance, is required for broadcast in the U.S. Sometimes it is referred to as a “Media Special Perils Policy,” which protects producers from such things as accidental trademark and copyright infringement, libel, slander, invasion of privacy, defamation, plagiarism and misappropriation of ideas.

Principal role
A lead position in the production demonstrated by the credit of director, co-director, producer or co-producer on previous completed works.

Production Agreement
A legal contract that clearly underlines the requirements to which both ITVS and funded producers agree.

Sample of completed work
A copy of one entire program, including credits, that demonstrates the applicant’s experience as producer, co-producer, director or co-director.

Title search
The E&O insurer needs to know where, when, and the extent to which the title has been used, so as part of your E&O application you will be required to provide a US title search report. This report reveals other uses of your program’s title (i.e. other TV programs, films, books, articles, etc.). While titles cannot be protected by copyright, the concern is the potential for confusion and higher risk of lawsuits caused by the existence of similar and similarly titled work.

Work-in-Progress (WIP)
Assembled footage of the proposed program in production, such as clips, selects, a trailer, or a rough cut. The WIP should demonstrate the filmmaker(s)’ access and rapport with the subject as well as style and production standards of the proposed program. Research footage is not sufficient and will not be accepted. Minimum length of the WIP is ten minutes.