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LSDefine

Simple English definitions for legal terms

formula deal

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A quick definition of formula deal:

A formula deal is an agreement between a movie distributor and a group of theaters to show a movie in all of their locations. The theaters agree to pay a percentage of the money they make from the movie to the distributor. This helps ensure that the movie will be shown in many different places and can be seen by a lot of people.

A more thorough explanation:

A formula deal is an agreement between a movie distributor and a theater chain, either independent or affiliated, to show a particular movie in all theaters at a set percentage of the national gross receipts earned by the theaters.

For example, a distributor might agree to a formula deal with a theater chain to show their latest blockbuster movie in all of the chain's theaters across the country. The deal might specify that the theaters will receive 50% of the national gross receipts earned by all theaters showing the movie.

This type of deal is beneficial for both the distributor and the theater chain. The distributor is guaranteed a wide release for their movie, while the theater chain is guaranteed a popular movie that will attract audiences and generate revenue.

formula | formulae

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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