#1
Posted: 10/26/07 at 2:06am
This from a 10QSB statement made in connection with a production company. Available from Edgar Online.
http://www.marketwatch.com/news/story/10qsb-sibling-entertainment-group-inc/story.aspx?guid=%7B32AF4BCB-2AD0-41F7-BAB3-306CA2636BAC%7D
Our Management believes that we will acquire and develop productions for both Broadway and Off-Broadway based upon the experience of our principal officer's prior history that developed and produced several prior Broadway and Off-Broadway productions. Almost all productions presented for the stage are financed and capitalized in private and/or public offerings for with a "single purpose" limited partnership or limited liability corporation. As a producer, we would normally act as a general partner or managing member and seek to receive our share of income and monies from several key areas customary to the theatrical industry including:
· Producer fees -- budgeted fees paid in the development, management and production a play or musical, or other live-stage event. Such fees are commensurate with the size of the budget.
· Office fees -- weekly fees paid to contribute and support the costs of a producer's office and overheads.
· Royalties -- a percentage of the adjusted gross box office receipts paid weekly from the weekly operating budget.
· Net Profits -- a percentage of net profits paid after full recoupment of the capitalization is returned to the investors. Profits for an original production may include participation from other sources outside of New York derived from subsidiary rights, licensing fees, media rights and other publishing rights attached to company formed to present the original production.
· Other Fees -- other reimbursable amounts chargeable to productions, or fees paid for consulting services during the development of a new play or musical.
http://www.marketwatch.com/news/story/10qsb-sibling-entertainment-group-inc/story.aspx?guid=%7B32AF4BCB-2AD0-41F7-BAB3-306CA2636BAC%7D
Our Management believes that we will acquire and develop productions for both Broadway and Off-Broadway based upon the experience of our principal officer's prior history that developed and produced several prior Broadway and Off-Broadway productions. Almost all productions presented for the stage are financed and capitalized in private and/or public offerings for with a "single purpose" limited partnership or limited liability corporation. As a producer, we would normally act as a general partner or managing member and seek to receive our share of income and monies from several key areas customary to the theatrical industry including:
· Producer fees -- budgeted fees paid in the development, management and production a play or musical, or other live-stage event. Such fees are commensurate with the size of the budget.
· Office fees -- weekly fees paid to contribute and support the costs of a producer's office and overheads.
· Royalties -- a percentage of the adjusted gross box office receipts paid weekly from the weekly operating budget.
· Net Profits -- a percentage of net profits paid after full recoupment of the capitalization is returned to the investors. Profits for an original production may include participation from other sources outside of New York derived from subsidiary rights, licensing fees, media rights and other publishing rights attached to company formed to present the original production.
· Other Fees -- other reimbursable amounts chargeable to productions, or fees paid for consulting services during the development of a new play or musical.
