What is a Negative Pick-Up?

This is similar to a PFD agreement, except the film company will pay a fixed price for the completed film, and it is up to the production company to finance the budget for the film. In most cases the production company will have to seek out a loan in order to finance the film. Because the film company is not financing the film, the production company is able to retain more creative control over the project than if it were made under a PFD agreement.

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