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Production Agreement Note

ITVS PRODUCTION AGREEMENT (a.k.a. “The Fine Print”)
ITVS financing is a co-production investment in the Program. A greenlit Program submission will not receive ITVS funds until the complete production budget has been raised.

ITVS agreements include the following provisions, among others.

THE PRODUCER WILL:
Maintain creative and financial responsibility in significant consultation with ITVS.

Grant to ITVS the exclusive right to package and distribute the Program for broadcast in the U.S. Territory and its possessions. U.S. Broadcasting outlets include public, commercial, satellite and cable television, and their internet equivalents.

Keep the right to distribute the Program in ancillary markets not administered by ITVS, subject to ITVS approval, such as home video, non-theatrical, theatrical and festival distribution in the Territory.

Secure signed written releases for all major participants in the Program.

Secure appropriate Production Insurance and Errors and Omissions insurance (E & O insurance is required for U.S. broadcast).

Be responsible for all tax liabilities required by the country where Producer is located.

Observe and implement the ITVS technical specifications and the editorial and journalistic standards as provided by ITVS.

ITVS WILL:
Provide production funds as a co-production investment with revenue participation in all versions of the Program world-wide. The ITVS revenue participation will be based on a percentage of funding that ITVS invests in the approved production budget. The actual percentage will be reviewed with the producer prior to completing the ITVS Agreement.

License the exclusive broadcast rights for seven years from initial broadcast in the U.S. Territory and its possessions, commonwealths and instrumentalities (including Guam, Puerto Rico, the U.S. Virgin Islands, American Samoa, military bases, embassies and consulates, and ships at sea and the Bahamas, Bermuda, and the Caribbean Basin). Please note, ITVS will have up to one year from the date of Delivery of the U.S. broadcast version of the Program to secure the broadcast date, at which time the License Period will begin.

Consult with the producer regarding creative, editorial and financial matters throughout the production and the completion of the Program. ITVS will require input into the editing and presentation of the Program to meet U.S. broadcast standards and regulations, but also to attract and be relevant for a U.S. audience.

Supply funded Producers with access to the online ITVS Production Handbook clearly describing all ITVS broadcast and other standard requirements necessary for Delivery of the Program to ITVS.

Have the option to offer the Program, either for a fee or free of charge, to U.S. Public Television or to any commercial broadcast entity.

Have the right to provide appropriate packaging, scheduling, broadcast, outreach, promotion and website support for the television broadcast on a case-by-case basis.

Have the exclusive right to promote the program in all media in the Territory, and the non-exclusive right to promote the Program in all media world-wide.