Clock Ticking Down for European Digital Single Market – Hollywood Reporter

June 9, 2017
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The independent film world has depended on international sales to territories throughout the world for financing thousands of films over the last 30 years or so. An important element is that a sales agent/production company has been able to pre-sell individual territories, obtain contracts for up front minimum guarantees, and then procure bank loans against those contracts as collateralized debt financing.

Scott Roxborough reports in the Hollywood Reporter today that with the advent of a single European Digital Market, those pre-sales may go by the wayside.  The question is, will the power of the European creative community be strong enough to force lawmakers to maintain individuality on the sales of creative content, or will the need to homogenize the sales process win out.

To find out more, please read the full article from the Reporter here.

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