Royalty and Residuals
Automate Complex Contract Calculations
Business Intelligence Technologies has helped film distributors make complex contract calculations to determine royalties and residuals to be paid to scriptwriters, actors, and producers, actors guilds, etc. Based on individual contract terms and revenue streams varying from advances, international/domestic, type of media.
Before working with BI Tech, the contract calculations were completed manually on demand and was very time consuming and prone to errors. The majority of contracts were never actually calculated. Today over 80% are calculated in a standard model that BI Tech built and the remaining items are partially calculated using the model and completed through an exception process. The model also produces automated printed and formatted statements for each film and contract.