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Understanding the Business of Entertainment by Gregory Bernstein

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Section 4Money and Contracts

For those of you who want to make films, TV shows, games and other forms of entertainment, I hope one day you’ll get to read a contract with your name on it and a place for you to sign. But even if you never write, direct, edit or shoot anything—even if you never set foot on a set—you may still have to read and understand entertainment contracts. And if you’re a producer, agent, studio business executive or entertainment lawyer, you not only have to read them, you also have to negotiate them.

The fact is, entertainment productions may start as promising ideas, but they only become “real” in the legal sense when contracts are negotiated, written and signed. These contracts, like any other type of business agreement, ...

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