Since January 22, when Paramount Pictures announced its intention to offer virtual printing fees directly to exhibitors, news has been a common topic of conversation throughout the show community. It did not take long for a copy of the agreement to circulate in the industry, largely thanks to the National Association of Owners. With this year`s ShoWest less than a month away, there is no better time to review the agreement in detail. The VPF agreement, which is adapted to Everyman`s individual business model and revenue availability, ensures that they have a preferred payment plan that facilitates the development of their business for the foreseeable future. The first paragraphs of the agreement are the usual preamble that outlines the parties concerned and their persistent trade concerns. Here`s how it is: thanks to Sony VPF`s unique agreement, through which film studios subsidize the costs of Sony 4K technology, Everyman was able to make this transition to the latest digital technology through a flexible financing agreement. For those who have not seen a copy of the agreement, which is shaped in design, it can be viewed on this article and downloaded here. The first thing to remember is that the document is not the size of a directory. While many VPF integrators can be over 100 pages long, paramounts Direct-to-exhibitor VPF is only 21 pages long. And just because the document is a draft agreement does not mean that an exhibitor will finally sign it that it will be expanded.
After all, it`s not like Paramount is going to forge a brand new relationship with a highly loan-financed third party. The studio agrees with the same exhibitors they have been dealing with for decades. Section 4 also contains a clause that refers to the “schedule 1” of the agreement and defines the possibilities for installed projection systems and digital systems. It requires a library management server (LMS) per complex to not only act as a theater management system (TMS) and content storage, but also to allow full automation of content entries.