Berlin: International Buyers Up in Arms Over Buy-Back Proposals Post-'Coda' (Exclusive)
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hollywoodreporter.comAs Berlin's European Film Market kicks off Monday, international distributors are up in arms over an alleged proposal to introduce mandatory "buy-back" clauses to films being pre-sold to foreign territories.
The idea, which several sources say has been floated by the U.S. talent agencies, would require international distributors to promise to sell back a film they have bought for a small "kill fee" should the movie, once made, fetch a bigger price from a global buyer, such as a streamer or major studio.
Several major independent buyers told The Hollywood Reporter the proposals would kill the "pre-sale" model of independent film financing and, ultimately, the independent industry as a whole.
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