If you want to play in the studio system as producer, a PFD agreement is ultimately what you’re looking for. PFD stands for Production/finance/distribution. This is an agreement between a studio and a production company. The agreement basically states that the studio will hire the production company to produce a particular film and pay them a substantial producer fee. In return, the film will finance and distribute the film. The studio has full control and ownership of all rights pertaining to the film in perpetuity throughout the world. PFD agreements vary in terms of the back-end deal the production company has with the project.