What is Film Insurance? Definition of Film Insurance, Film Insurance Meaning - The Economic Times (2024)

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    Entertainment

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      Direct To Home

      The DTH technology enables a broadcasting company to directly beam the signal to your TV set through a receiver that is installed in the house.

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      Minimum Guarantee

      A minimum guarantee is an initial sum that is paid to the producer by the distributor irrespective of how the film performs.

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    Definition: Film insurance refers to insuring the film against unforeseen incidents like illness of an actor or occurrence of natural calamities leading to delays in the film schedule. It can also include coverage against accidents that damage equipment while shooting is in process.

    Description: Film-making involves a series of activities in which a number of parties, both external and internal, are involved. The involvement of so many people and processes in the making of a film lead to several uncertainties. In fact, big budget films in India are known to well overshoot their original release schedule. Insurance enables the producer to mitigate the risks involved in making the film to some extent.

    Film insurance is a new concept to the Indian film industry which is getting used to the idea of a corporatised setup. Since film financing is easier if it is insured, many films are being insured from the outset itself.

    Also See: Minimum Guarantee, Completion Guarantee

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      • FILM INSURANCESHOOTINGACTORFILM
      • INSURANCE
      • PREV DEFINITION

        Direct To Home

        The DTH technology enables a broadcasting company to directly beam the signal to your TV set through a receiver that is installed in the house.

        Read More

      • NEXT DEFINITION

        Minimum Guarantee

        A minimum guarantee is an initial sum that is paid to the producer by the distributor irrespective of how the film performs.

        Read More

      Related Definitions

      • Completion Guarantee: A completion guarantee is a bond provided by the guarantor that a film would be finished within the agreed time schedule. This guarantee is given to the film financier and insulates the financier from any overruns that result in cost escalations and increase the financing requirement.Description: The guarantor gives a guarantee to the financier, on payment of a fee, that the film will be comConditional Access System: A conditional access system gives the consumer choice over the pay channels that are beamed into his home. At an industry level, it tackles the issue of addressability that has been a problem in India with gross underreporting of cable homes by operators. This has resulted in potential revenue losses for broadcasters.Description: A conditional access system usually has two packages bundled iDirect To Home: The DTH technology enables a broadcasting company to directly beam the signal to your TV set through a receiver that is installed in the house. There is no need for a separate cable connection.Description: In India, direct-to-home (DTH) Broadcasting Service refers to the distribution of multi channel TV programmes in Ku Band by using a satellite system by providing TV signals direct to subscFilm Insurance: Film insurance refers to insuring the film against unforeseen incidents like illness of an actor or occurrence of natural calamities leading to delays in the film schedule. It can also include coverage against accidents that damage equipment while shooting is in process.Description: Film-making involves a series of activities in which a number of parties, both external and internal, are invo
      • Minimum Guarantee: A minimum guarantee is an initial sum that is paid to the producer by the distributor irrespective of how the film performs. Typically, large producers command a high sum due to their brand that pulls in crowds into theatres.Description: The minimum guarantee is the minimum that is assured to the producer and a revenue sharing arrangement is worked out, whereby the producer will get a portioPiracy: Piracy refers to the unauthorized duplication of copyrighted content that is then sold at substantially lower prices in the 'grey' market. The ease of access to technology has meant that over the years, piracy has become more rampant. For example, CD writers are available off the shelf at very low prices, making music piracy a simple affair.Description: Many laws have been made to prevent prRights: The rights to any production like a movie or music represent the right to use that content for exhibiting it in a particular format in a particular region and for a period of time.Description: The rights to a movie or music can be sold on a global basis, national basis or a regional basis. It can be sold for a period of time, say for five years or for lifetime. It can be for exhibiting in th

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      What is Film Insurance? Definition of Film Insurance, Film Insurance Meaning - The Economic Times (2024)
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