Glossary
100/5 Royalty. A standard rerun formula for episodic royalties, most commonly in the context of broadcast network series. It means that the holder of the royalty receives additional payments equal to 20% of the initial royalty amount, payable for each of the first five reruns of the applicable episode (i.e., a further 100% of the royalty over five reruns, hence, 100/5).
12/6 Proration. A standard proration formula applicable to series sales bonuses. It means that the full bonus is payable based on the production of twelve series episodes (excluding the pilot), with proration downward for smaller production runs, and no bonus payable for fewer than six episodes produced.
3/3/10 Package. A standard traditional formula for agency package ...
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