| THEATRICAL SYNDICATION FINANCING: ACCOUNTING AND BOOKKEEPING REQUIREMENTS FOR THEATRICAL PRODUCTION COMPANIES |
| The New York Arts & Cultural Affairs Law requires every issuer or other offeror of a theatrical production company (usually the producer) to keep accurate books and accounting records for every theatrical production. The requirements for keeping accurate books and accounting records are detailed in regulations adopted by the New York Attorney General. More... |
| Sale of Art -- Investment Issues |
| Although most collectors are motivated by an intrinsic pleasure in seeking out, negotiating for, and owning a particular kind of item, there is often an underlying notion of collecting items as an investment. Regardless of the primary motivation, there are some important things to know when thinking about and purchasing works of art or collectibles as investments.More... |
| Film Industry -- Distribution Costs |
| The first step in calculating net profits is for a distributor to deduct and retain from gross receipts what is known as a "distribution fee." Theoretically, the distribution fee represents those operational/overhead costs incurred by the distributor that cannot be directly allocated to specific films. More... |
| THEATRE: RAISING MONEY TO PRODUCE A PLAY OR MUSICAL, THEATRICAL SYNDICATION FINANCING, FRONT MONEY OFFERINGS |
| An offering to purchase an interest in a theatrical production company is exempt from New York securities laws if the offering is made for the sole purpose of raising front money and is initially made to less than five people. Thus, if a producer solicits and obtains an investment of front money from four people or less, the producer will not have to file documents with the New York Department of Law. More... |
| THEATRE: BOX OFFICE STATEMENTS AND WRAP SHEETS |
| There are important reasons to keep accurate records and a running tally of the production's profits and losses.More... |
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