Directors, producers make deal that includes downloads
FROM VARIETY: Pact sets residual formula for paid downloads
By Cynthia Littleton of Variety -- Video Business, 1/18/2008
JAN. 18 | FROM VARIETY: They got jurisdiction over all but the most low-end Internet production. They got a toehold in Internet streaming that could prove lucrative for popular skeins. And most significantly, they made a big leap on an issue that has been a sore spot for decades for directors and writers by securing a residual formula for paid downloads based on distributors' gross, rather than the hated producers' gross formula that has long been applied to home video.All in all, the master contract agreement unveiled Thursday afternoon by the Directors Guild of America and the Alliance of Motion Picture and Television Producers provides substantial gains in new media that will put more coin in the pockets of film and TV helmers.
Read the full story on Variety.com.
