Fís Éireann / Screen Ireland Introduces Revised Recoupment Corridor
Posted: 24th October 2019
Fís Éireann / Screen Ireland has introduced new changes to its existing recoupment corridor structure. The changes will enable Irish writers, Irish directors and Irish producers to share in the revenues generated by their feature film, television drama, feature documentaries and animated productions.
This means that the Irish producer, writer and director of a feature film/television drama/feature documentary/animated project in which Screen Ireland has invested are now entitled to share in an internal recoupment corridor of 60% subject to certain terms and conditions. This internal recoupment corridor shall be broken down as follows: 40% to Production Company, 10% to Director, and 10% to Writer. This internal recoupment corridor shall not apply to any additional funding provided by Screen Ireland nor to Screen Ireland’s share of net profits.
These changes are effective from the 1st October 2019. Projects contracted before that date will not benefit from the changes.
Further details will be available in the revised Recoupment Corridor Guidelines to be published shortly.