In modern times, there is a tendency for most people to spend their empty time watching move cinemas with family or friends. This is one of the reasons why theaters are becoming common in recent times. The increase in the number of movie theaters means that you need to find the best movies for your theater to ensure that you stand out from the competition. Choosing top movies is not one of the simplest tasks. It is thus essential that one makes the right choice and utilizes the services of a film buyer.
Film buyers, also known as movie booking agents or film bookers, are persons responsive for distributing movies from the Hollywood studios to your theater. Film buyers are paid by theater owners, and they focus on searching for new movies and leasing them temporarily to the distributors. Their primary task is to negotiate an exhibition contract with the film distributors on your behalf. While discussing the exhibition contract, one of the most important terms is the percentage of ticket sales to go back to the studio. In the case of major Hollywood releases, the studio usually takes 70, 80, or even 90 percent of the total ticket sales. In most contracts, the percent of ticket sales that go back to the studio goes down every week when the movie remains in the theaters.
Another reason to consider the services of the film buyers is that they also negotiate the commitment contract that applies to each movie. The commitment is defined as the number of minimum weeks that a given film will be at a particular theater. The best film buyers will find the best commitment contractor. In the case of Hollywood movies, you might require longer commitment when compared to independent films. When negotiating the commitment, the leading film bookers will include a clause that allows your theater to extend the commitment of the film when it is doing really well. On the other hand, the theater should also have a chance to terminate the commitment if the ticket sales are lousy.
The main goal of the movie buyers is to advocate for the theater owners. In most cases, a distribution company will be keen to increase the percentage of its cut or even demand longer commitments from the movie theaters. However, if you have the best movie buyer, they will always focus on helping you get a deal that allows you to walk away with some cash in your pocket. A movie theater doesn’t solely depend on ticket sales, but it is still essential to find deals that can help you stay afloat. The best movie buyers will have a firm grip on what movies are thriving in your local market. This means that the booking company should stay months ahead of the film release plan for any upcoming movies.
After your theater signs the exhibition contract, the movie buyer will oversee the shipment of the movie to the theater. When the commitment is over, the movie buyers also ensure that the reel will get back to the distribution company safely.