24 January 2021 The Irish Film & Television Network
     

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S481 Documents



 S481 DOCUMENTS

A typical Irish production company is established to make one film only. It is commissioned to produce a film for an agreed fee, payable on delivery and acceptance, with a further entitlement to either a net profit or adjusted gross position. For example a pre-sale fee of about 82% of the investor funds raised together with an advance of the remainder of the budget is not unusual. The structure can also provide a cash-flow benefit to the producer.

Example: A film is to be made at a budget of 4m. Section 481 funds of 66% may be raised (i.e. 2.64m). A pre-sale agreement may be put in place with a distributor/broadcaster for 82% of the Section 481 funds raised. This amount is payable on delivery and acceptance of the film. The distributor/broadcaster will fund the non-Section 481 element of the budget (i.e. 1.36m).

Production Budget: €4m
Non-Section 481 advance €1.36m
Section 481 Investor Finance
(66% of production budget)
€2.64m
€4.0m
Producers Benefit:
Production Budget: €4m
Non-Section 481 advance €1.36m
Delivery fee (82% of S481 Investor Finance) €2.16m
€3.52m
Producers Benefit (12% of Budget) € .48m
€4.0m
 
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