Tim Westland (@timwestland.bsky.social)

lexnova.lawyer on Instagram: "After my Ryan Coogler reel, hundreds of you asked the same question:“Okay... but where does the money normally go?”So I made this.U…" After my Ryan Coogler reel, hundreds of you asked the same question:“Okay... but where does the money normally go?”So I made this.Using Get Out as an example, I walk through a simplified indie film waterfall—from the theater’s share all the way down to a hypothetical backend participant.The numbers are illustrative because every film is negotiated differently.But the lesson is universal:The headline box office is almost never the amount available for profit participation.And one of the biggest mistakes filmmakers make is negotiating a percentage before understanding what that percentage is actually applied to.“10% of net profits” only has value if the contract clearly defines net profits.That’s why sophisticated producers negotiate the waterfall and the definitions—not just the percentages.If you want a deeper breakdown of backend participation, waterfalls, investor recoupment, and profit definitions, I’ve put together additional resources at the link in my bio.#filmmaking #entertainmentlaw #filmfinance #indiefilm #revenuewaterfall https://www.instagram.com/reel/DaJ6I28TZQN/?igsh=MzRlODBiNWFlZA==