The strike price is an amount specified in a completion bond that represents the total costs that you and UniFi determine are needed to produce, complete, and deliver your film or television series as contemplated. The strike price includes (1) the budgeted above-the-line and below-the-line production costs including union fringes, guild residual reserves if applicable, and insurance costs, (2) an appropriate contingency allowance on which you and UniFi shall agree, and (3) the fee or premium payable to UniFi. Under the terms of the Completion Guaranty, the Completion Guarantor has no liability if your financiers and investors fail to make the full amount of the strike price available to you according to a pre-approved cash flow schedule.
Related Posts
- DEADLINE: SAG Begins Granting Waivers To Indie Productions But Plenty Of Questions Remain, Not Least Whether Actors Will Show Up (July 17, 2023)
- DEADLINE: Czech Film Commissioner On Restructuring The Country’s Production Incentive & Managing The “Huge” International Demand To Shoot In The Country — KVIFF (July 1, 2023)
- DEADLINE: California Lawmakers Extend Film & TV Tax Incentives, Establish New Safety Guidelines For Guns & Ammo On Sets; Gov. Newsom Expected To Sign Bill (June 28, 2023)
- DEADLINE: Hollywood’s Covid Protocols Get Expiration Date; Vaccine Mandate Will End (March 31, 2023)
- DEADLINE: New York State Budget Proposal Boosts Tax Credit, Annual Cap For Film & TV Production, Lures Series From Other States With Added Incentive (February 1, 2023)
Recent Comments