Directors UK press release: Directors, producers and writers sign new revenue sharing deal

Directors, producers and writers of feature films supported with Lottery funding through the BFI Film Fund are each set to reap the rewards of the film’s success, thanks to a new deal struck by Directors UK, Pact and The Writers’ Guild of Great Britain.

Up to a 37.5% share of BFI’s recouped income from supported film productions is put into a ‘locked box’, where it is held by the BFI and available to be drawn down for developing and producing future film projects – ensuring revenue from successful BFI-backed films is invested directly back into the British film industry, and enabling those responsible for the film’s success to create more film projects.

Working together as The Filmmakers’ Alliance, Directors UK, Pact and The Writers’ Guild have agreed that the recouped income from BFI Lottery-backed productions that is held in the locked box will be split three ways, with directors, writers and producers each guaranteed a minimum share of 12.5%.

Locked Box revenue shares must be used for reinvestment in film development and production. Writers, directors and producers are free to reinvest their guaranteed share collectively or independently of each other.

The agreement takes immediate effect and will be reviewed in 2017.

Read the full press release.