Media and Entertainment companies are challenged with managing the myriad of contracts with Screen Actors Guild (SAG) cast and crew, production crew agreements with various business departments (e.g. Sound, Lighting, Special Effects), and highly negotiated agreements with lead actors and actresses. The number and variety of contractual negotiations can exceed 200+ agreements to create a blockbuster hit!
The majority of these contracts have specific compensation terms that are based on domestic and/or worldwide box office receipts. Most large movie houses lack the ability to manage the complexities associated with these negotiated obligations as they do not have a central contract management repository with proactive notification triggers. As a result, many companies incur millions of dollars in fees when they fail to meet contractual obligations.