FUNDING MILESTONES

Once the project has been greenlit (and the budget has been approved), the FES Production Executive will work with Producers to create funding milestones. FES will fund Producers accordingly. Producers will need to work with the FES Production Executive to determine the FES direct costs, which will not be funded to Producers.

For Movies, Production Finance will set you up for wire transfers as milestones become due. See below for payment schedules and entity setup for more detail. 

For Series, once Graphite onboarding (insert appendices link here to A13.1) has been completed, Producers must submit an invoice via Coupa when the milestone is due. See Coupa setup here (insert appendices link here to A13.2).

For non-US shoots, FES will typically fund in USD unless previously approved by FES.

Required deposits must be worked into the milestone schedule. This includes union/guild deposits, VAT/GST taxes, etc.

Where applicable, FES does not cashflow the contingency to producers. Its use must be pre-approved in writing by producers and FES Production Executive.

PAYMENT SCHEDULES 

All domestic payments will be made via ACH (Automated Clearing House) transfers, which normally takes 1 business day to clear the Producer’s account after it has been issued. The first ACH payment that is sent to the Producer’s account will often take more than one day to appear. All international payments will be made via wire transfer.

All payment schedules may be affected by bank and international holidays.