Five Star Payment Service

Published 21-Jun-2000 by Jay Moulton
When Producers (buyers) source creative talent with the MyFilmmaker.com service, they pay the filmmaker using the MyFilmmaker.com Five Star Plan - a payment administration and quality control service that helps buyers and filmmakers simplify the contracting, creative approval and payment processes. The Five Star Plan helps Producers and Filmmakers conduct business with a:

    

 
 Standard contract and intellectual property templating that makes doing business so much easier
 Invoice production and payment processing that reduces administration for everyone
 Payment processing that sets aside money for the Filmmaker and  releases payments when the Producer is satisfied
 Dispute resolution service that provides comfort to Producers and Filmmakers
 Buyer satisfaction program that helps Producers quickly solve any issues
 
  
At MyFilmmaker.com, Producer and Filmmaker agree that payments are made as follows, and that MyFilmmaker.com assists if necessary (see Five Star Plan Policy for details):
 
  • Producer pays MyFilmmaker.com 50% of project price ("Deposit")
  • Filmmaker creates  a well developed version of the film ("Rough Cut") on schedule
  • Producer accepts or declines Rough Cut within two weeks of receipt, otherwise Rough Cut is deemed to be accepted
  • Producer gives Filmmaker feedback to improve Rough Cut within this period
  • Filmmaker proceeds to complete and deliver Final Version of the film
  • MyFilmmaker.com deducts 20% to cover its marketing, sales and administrative costs

 

If the Filmmaker cannot satisfy the Producer at Rough Cut stage:
  • MyFilmmaker speaks with Filmmaker and Producer to determine alternatives
  • MyFilmmaker.com engages another filmmaker to produce another Rough Cut
  • If second filmmaker's Rough Cut satisfies the Producer, Myfilmmaker.com pays the second filmmaker
  •  Second filmmaker completes and delivers Final Version

 

 

If second Filmmaker Rough Cut is unacceptable to Producer, MyFilmmaker.com arbitrates in accordance with MyFilmmaker.com Marketplace User Agreement and Policies.
 
MyFilmmaker.com approved filmmakers and Producers are encouraged to also use the Five Star Plan service for projects sourced independently of MyFilmmaker.com.

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