These are reps/agents that are relatively established in the split rights world and specialize in the sales of foreign rights. Generally they take a higher percentage (25 percent) than producer’s reps for domestic deals and many of them charge expenses as well. However, it is much harder to get a foreign sales advance because overall deals in foreign territories are diminishing, just like overall deals in the United States. The reasons for this decline in overall deals are the same as well. Television sales however remain the strongest of the traditional rights sales in foreign territories. Tomorrow we will address television sales reps.
Join me in Cannes on May 15th at the Producer’s Network Breakfast at 9am and on May 16th where Liz Rosenthal and I will be doing a presentation at the Short Film Corner from 4pm to 5pm. Check out my blog, for more information. Follow me @Jon_Reiss on twitter, or on the TOTBO Facebook page. Check out the book and workshops here. I look forward to hearing from you.