Examples of Gross Box Office in a sentence
Category Flat Rate Percentage Non-Ticketed Activity Day $1250 N/A Ticketed Activity Day (includes Box Office) N/A 10% of Gross Box Office Receipts ($1750 minimum) Facility Usage Includes: • Lights, heat, open and close of building, dressing rooms, showers, cleaning of foyers, etc.
Category Flat Rate Percentage Non-Ticketed Activity Day $1250 N/A Ticketed Activity Day (includes Box Office) N/A 10% of Gross Box Office Receipts ($1750 minimum) Facility Usage Includes: Lights, heat, open and close of building, dressing rooms, showers, cleaning of foyers, etc.
Gross Box Office Revenue (“GBOR”) measures box office revenue including local sales taxes by film and in aggregate.
The schedule specifies: “If Gross Box Office Receipts on this engagement are in excess of $1700.00, it is agreed that above terms [60%/40% in favour of the theatre] shall be increased by one per cent (1%) for every increase of $51.00 in such receipts.
Payment shall be deducted at final settlement and shall consist of monies withheld and due ASCAP (at the rate of .8% of Net Adjusted Gross Box Office Receipts), BMI (at the rate of .8% of Net Adjusted Gross Box Office Receipts), and SESAC (at the rate of total attendance multiplied by 0.0221).
Within thirty (30) days of the close of each calendar quarter noted in section 5.1 above, Producer shall provide a written statement to Licensor setting forth the amount of any royalties due for the preceding quarterly period and further setting forth details concerning the calculation of Gross Box Office Receipts, Gross Merchandise Sales, and Gross Sponsorship Sales.
Payment shall be deducted at final settlement and shall consist of monies withheld and due ASCAP (at the rate of .8% of Net Adjusted Gross Box Office Receipts) and BMI (at the rate of .8% of Net Adjusted Gross Box Office Receipts).
Through the Distribution Agreement, the minimum guarantor promises that regardless of whether the Film achieves the agreed Gross Box Office or not, the minimum guarantor would still need to pay a consideration for minimum guaranteed distribution of at least RMB600,000,000 in order to obtain the distribution rights of the Film in the PRC.
In the event that the box office income is higher than the agreed Gross Box Office, in addition to the aforementioned consideration for minimum guaranteed distribution, the parties may distribute the excess portion.
Therefore, the Group will be able to eliminate risks associated with the Film’s box office, recover the investment cost in advance and secure considerable profit in relation to the Film project, while retaining part of the income rights for the portion of the Film’s box office in excess of the agreed Gross Box Office.