Residuals are complex. Flummoxed by formulas? Most people are. Whether it’s 1.2% of gross, 100% of TAM, or the complexities of new media, it’s easy to find your knickers in a twist if you spend more than a few minutes puzzling over this stuff.
Puzzle no longer — or, at least, not as much as before. I’ve managed to compress most of the guild and union residuals formulas onto a single page color chart. A second page gives cross references to the actual sections and paragraphs of the guild and union agreements themselves. That means you can look up the actual contract language and marvel at its opacity.
The chart’s not available in stores, but it is free, and suitable for framing. You could also laminate it for a nice placemat. Get your copy here: http://jhandel.com/residuals (check back from time to time for updates). Feel free to print, email and distribute. And let me know if you have corrections or comments.
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Subscribe to my blog (jhandel.com) for more about entertainment law and digital media law. Go to the blog itself to subscribe via RSS or email. Or, follow me on Twitter, friend me on Facebook, or subscribe to my Huffington Post articles. If you work in tech, check out my book How to Write LOIs and Term Sheets.
