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Feeling the Bern

(3,839 posts)
Fri Jan 1, 2016, 11:20 AM Jan 2016

$595,000 wealthier now! I got the payment for the movies I sold

Production starts in three to four months.

Scheduled to be released in 2017!

Awesome contract too. Writing, Story, associate producer credit as well as 5% of the profits.

Woo hoo! And I just got requests for two more.

19 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
$595,000 wealthier now! I got the payment for the movies I sold (Original Post) Feeling the Bern Jan 2016 OP
Congratulations on your success after your long struggle... Tom_Foolery Jan 2016 #1
Congratulations! mnhtnbb Jan 2016 #2
Please tell me that's 5% of the gross TexasBushwhacker Jan 2016 #3
Action, drama and period pieces. Feeling the Bern Jan 2016 #4
Yeah, net profit points are mostly a joke SwankyXomb Jan 2016 #9
Wow! I only got 25 cents for the ones I sold. Scuba Jan 2016 #5
Biggest congratulations, EVER!!! This is fabulous! So let me toss my 2 cents of underahedgerow Jan 2016 #6
Understood, but I am located overseas and not in LA. Feeling the Bern Jan 2016 #7
Congratulations! femmocrat Jan 2016 #8
good things come to good people. MAZEL TOV! Now tell us what they are and when when they come out. roguevalley Jan 2016 #10
Congratulations! redwitch Jan 2016 #11
k&r Liberal_in_LA Jan 2016 #12
that is kick ass Skittles Jan 2016 #13
I am impressed! Congrats! Gidney N Cloyd Jan 2016 #14
I'm very happy for you. BlueJazz Jan 2016 #15
gotta be your best New Years ever rurallib Jan 2016 #16
Congratulations! Out of Time Man Jan 2016 #17
Need a casting director? GoneOffShore Jan 2016 #18
Yay! My Good Babushka Jan 2016 #19

mnhtnbb

(31,318 posts)
2. Congratulations!
Fri Jan 1, 2016, 11:34 AM
Jan 2016

I love hearing stories about writers--of all kinds--FINALLY getting noticed and paid for the time, effort, struggle devoted
to polishing their craft over many years.

We'll look forward to hearing about the release dates of these movies!

 

Scuba

(53,475 posts)
5. Wow! I only got 25 cents for the ones I sold.
Fri Jan 1, 2016, 01:50 PM
Jan 2016

Guess BetaMax tapes just aren't that popular anymore.












Congratulations! When's the party?

underahedgerow

(1,232 posts)
6. Biggest congratulations, EVER!!! This is fabulous! So let me toss my 2 cents of
Fri Jan 1, 2016, 02:15 PM
Jan 2016

advice in;

Before you spend more than a few bucks of your new found and hard earned wealth, please consult a tax advisor. If you're in Los Angeles, I have the best one you could ever want. Also hire her or a very well regarded financial & investment advisor. The most important thing you can do is consider all possible legal tax avoidance devices available or you're going to be paying a LOT of taxes on that next year.

Watch. Your. Money. Like. A. Hawk. Do not, I repeat, do NOT trust any one person or agency with overseeing your investments, residuals, that 5% of the profits, and any money coming to you or being spent on your behalf. Please don't just sit back and assume anyone is trustworthy, whether it's your agent, the studios or even your housekeeper. Yes, I'm being cynical, but it's from personal experience and vicarious experience; anyone that can, will take as much as they can, whenever they can. Don't let your own trust and lack of knowledge cost you money. This is Hollywood. Been there, done that, should have written a book!

I hope you're all lawyered up on your scripts as well. A well reputed lawyer should review any writer's agreements you make with agents, studios, etc. If you need one, I have a good one of those in LA too.

So go on out and celebrate!!! But keep your eye on the business of being in The Business!

 

Feeling the Bern

(3,839 posts)
7. Understood, but I am located overseas and not in LA.
Fri Jan 1, 2016, 02:23 PM
Jan 2016

My wife (Chinese national) is a hawk like that. She trusts no one. She won't even tell her parents because for that reason.

I am watching everything like a hawk. I have a good accountant.

The only person I trust is my wife because we were married before this happened and she isn't with me because of it.

I am lawyered up really well.

Everything you said, I either have or plan on doing soon. When my wife gets to KL with me, I going to smoke the fattest cohiba I can find and buy her the ruby ring she's always wanted.

Gidney N Cloyd

(19,780 posts)
14. I am impressed! Congrats!
Fri Jan 1, 2016, 07:49 PM
Jan 2016

I'd love to hear more details on what you're doing. (Sorry I don't know the backstory.)

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