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Waterfall Guidelines

The Documentary Producers Alliance on best practices for documentary film financing.

Video Consortium

The Video Consortium
Waterfall Guidelines

The DPA was motivated to address current financing and waterfall structures because these structures codify unsustainable industry “norms.” To make up for shortfalls, filmmakers were encouraged to reduce budgets unrealistically and to work unpaid, often believing they would eventually be compensated by the ultimate sale of the film. Once investment emerged as a financing tool, filmmakers were even less likely to be compensated from the sale of the film, with proceeds split among investors. But through properly and thoughtfully structuring a film’s finances, from initial budget through the distribution of a film’s profits, multiple opportunities exist to rectify the tension between maintaining “affordable” budgets and appropriately compensating filmmakers. We believe the Guidelines will also offer greater protection for investors, ensuring filmmakers are deploying investments and revenues responsibly while adhering to common industry standards.
—Documentary Producers Alliance

Read more about the Documentary Producers Alliance here.


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