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Remote working pros and cons
Read more: Remote working pros and conswww.leforttalentgroup.com/business-blog/is-the-genie-out-forever
Cons of remote working:
- 1-Prefer 2 distinct locations in life — 1 for work, 1 for everything else
- 2-Being able to manage the group of employees in one location is preferable — Meetings, training, management of teams and personalities has been easier.
- 3-Confidentiality and Security — depending on the nature of the business, being able to lessen liabilities by containing the work location
- 4-Social community — Many fully enjoy the traditional work community and build life long connections
- 5-Love — A quick Google search shows various sources that cite anywhere from 20-33 percent of people met their spouse through work. What will those stats look like in a year or two from now?
- 6-Road Warriors with great sound systems in their cars — Some enjoy the commute to unwind after work cranking tunes or catch up with friends and family waiting for the gridlock to ease. Others to continue working from the car.
Pros of remote working:
- 1-The overhead costs — Keeping large commercial real estate holdings and related maintenance costs
- 2-Killer commutes — 5-20 hours/week per employee in lost time now potentially used for other purposes
- 3-Daily Daycare Scramble — Racing to drop them off or pick them up each day
- 4-Environmentally, a lower carbon footprint — Less traffic, less pollution
- 5-Quality Family time — Many parents are spending more time with their growing children
Some useful tips about working online:
- Clarify and focus on priorities.
- Define and manage expectations more explicitly than normal (give context to everything)
- Log all your working hours.
- Learn about and respect people’s boundaries.
- Pay attention to people’s verbal and physical cues.
- Pay attention to both people’s emotional, hidden and factual cues.
- Be wary about anticipating, judging, rationalizing, competing, defending, rebutting…
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Patrick McIntire – how much real money does a $25 million film that grosses $100 million at the box office make?
Read more: Patrick McIntire – how much real money does a $25 million film that grosses $100 million at the box office make?Patrick McIntire
Motion Picture Producer at Universal Pictures & Part Time Instructor at UCLA“So how much real money does a $25 million film that grosses $100 million at the box office make? Not nearly as much as you think…
First off, the exhibitor (theatre chain) takes 50% on average of the box office receipts. So now your $100 million is down to $50 million. Then there’s the distribution fee, which domestically averages about 30% (in this case, about $15 million). This brings your $50 million down to about $35 million. But we’re not done yet…
P&A (marketing) averages roughly the same amount as the budget of the film worldwide, or about 60% of the budget domestically (US). This varies depending upon the performance of the project. But we’ll use the average (60% of $25 million (the budget) is $15 million). This is then taken from the $35 million, taking you down to $20 million roughly. A far cry from the advertised $100 million gross.
If the project was privately financed (equity investor or investors), they get first monies in and first monies out. At a $25 million investment, the remaining monies go directly to the investors. Leaving $0 initially for producers. Yes, ancillary rights will make up the losses (cable, streaming, airlines, etc.), but this is to show how a movie’s box office claims are not as they appear. Studio films with larger budgets see much higher costs and often don’t turn a profit at all. Profit sharing (backend) can be next to nothing if the film is a bomb. This is just an example and only takes into account domestic box office. But it’s meant to show how misleading a film’s advertising that claims $100 million at the box office can be. Gross receipts are exciting to share. Net receipts? Not so much.”
Comments:
“this equation needs add the variable that in the majority of studio film and tv projects, the taxpayers of the municipality where the production is based and posted pay up to 40% of the cost of the production in the form of a rebate and other financing incentives while the profits on the movie are taxed in another location usually chosen to minimize tax liability.“
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