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| re: That’s crazy | |
| Posted by: ryhog 10:24 pm EDT 06/20/22 | |
| In reply to: re: That’s crazy - writerkev 09:42 pm EDT 06/20/22 | |
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| I realize Dramedy used the expression first, but I don't understand what either of them is talking about. The only obligation to disclose (and pay) anything is between the parties to the deal. I can't fathom what's wrong with a producer having their press agent announce recoupment: it's something to be proud of, and also something that is good PR for both producer and production. (To answer the other question, not announcing may just be a personal preference, or not as important to some, just as throwing away money on full page color Sunday ads in the Times is not everybody's idea of a smart move. Maybe some have good reasons, maybe some don't.) But I don't know what anyone can add to the discussion by citing to what a known fraudster may or may not have done almost 30 years ago. Nothing in a press release has anything to do with a producer's obligations to investors. I'd just like to see clear discussion of relevant matters. | |
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| re: That’s crazy | |
| Posted by: jgerard 01:03 pm EDT 06/21/22 | |
| In reply to: re: That’s crazy - ryhog 10:24 pm EDT 06/20/22 | |
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| Well, press releases are made to impress credulous investors and industry reporters alike. They may not have anything to do with legal obligation, but they have everything to do with image. Cf Scott Rudin's weekly press releases, dutifully regurgitated in theater columns, about all the records Mockingbird was breaking, no matter how meaningless. Or, further back, Cameron Mackintosh's pronouncements re Miss Saigon's advance and SRO status, which proved to be a manipulation Alex Witchel smartly revealed in the Times. | |
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| re: That’s crazy | |
| Last Edit: writerkev 05:28 am EDT 06/21/22 | |
| Posted by: writerkev 05:20 am EDT 06/21/22 | |
| In reply to: re: That’s crazy - ryhog 10:24 pm EDT 06/20/22 | |
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| Neither of them are talking about any of that when they use the words “rules of recoupment.” It’s not about any literal rules or obligations about announcing in the press. Dramedy simply used it to refer to guidelines to assume profitability, number of weeks above certain revenue. You’re reading way too much into a simple phrase. There’s nothing to be confused about. | |
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