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JunkStockLady

12/13/12 8:47 AM

#22290 RE: Tstorm #22289

Any idea what kind of money would Rangemore bring in? How much of the studio was used. Now, we know why they did the merger. It would been nice if they had more for update.

paulbk

12/13/12 9:42 AM

#22302 RE: Tstorm #22289

It does not necessarily mean more revenue. The update doesn't say they received 13k and a royalty. First, the 13K figure is the number they use for the gross of the entire facility fully occupied. Second, it's more likely that Rangemore gave the film a reduced rental rate in exchange for screen credit and a partially deferred payment. Since they called it a "royalty" it probably means they received a low percentage of a point in the returns of the film.
Film producers don't throw these things around lightly. It would not be a high percentage but it could mean they get more for the rental than they would have. It could mean less. It all depends on how well the film does and how honest the studio accounting is after the fact.