A plea from Germany.
"You must drop your minimum guarantees!" Barry Baeres, head of acquisition and business affairs for VPS Film Entertainment, a German based independent distribution company, has arrived from Munich to meet with producers to say, "It's finally happened. German independents can no longer support the license fees and minimum guarantees asked for by U.S. agents and producers. The reunification of Germany has delayed the depression of the marketplace for two years, but now the inevitable has hit. The situation in the ancillary market has changed. Income potential from Video and TV has dropped sharply, in addition to a decline of gross receipts. We can't afford to pay these high prices right now. As it is, many distributors are having a hard time risking their capital on prebuys. Once the infrastructure of the theaters has improved, the market will go up, but until then, we need cooperation. We're all in this together."
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|Title Annotation:||US license fees and minimum guarantees too high for German independent film distributors|
|Publication:||Video Age International|
|Article Type:||Brief Article|
|Date:||Oct 1, 1992|
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