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do producers have to pay off the priority loan

Posted by: dramedy 02:16 pm EDT 05/07/15
In reply to: re: How does a show continue to run when very little is taken in at the box office? - makemlaff 12:40 pm EDT 05/07/15

If the show closes? With gentlemanG, I think rhog stated the priority loan is paid off first. But curious if the show closes like honeymoon, is this a guaranteed loan against the producers or investors that get paid back anyway. Seems like a bank or outside investment firm wouldn't invest in a priority loan for a show that has been losing money for weeks


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re: do producers have to pay off the priority loan

Posted by: makemlaff 02:19 pm EDT 05/07/15
In reply to: do producers have to pay off the priority loan - dramedy 02:16 pm EDT 05/07/15

It would be paid back based on whatever the terms of the loan were. It would be very unlikely that the loan would come from an institution. Almost without exception a priority loan would come from somewhere internally e.g. the producers themselves if hey have the means, a wealthy investor, etc.


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ok, thanks

Posted by: dramedy 07:15 pm EDT 05/07/15
In reply to: re: do producers have to pay off the priority loan - makemlaff 02:19 pm EDT 05/07/15

Didn't know where the money comes from.


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