International Film Co-Production & Recoupment Modeler

Co-Production Structure

Treaty Valid

Structure Presets (Real-world archetypes)

1. Production Budget & Co-Pro Quota 70% / 30%

Total Budget (€)

Approved qualifying budget

Treaty Framework

Governing convention

Majority Co-Producer Share

Bilateral treaties standard limits: 20% min minority share, 80% max majority.

2. Co-Producer A: Spanish Financing

Spain Tax Rebate (%) 30% mainland (ICAA), up to 50% Canaries

Qualifying Spanish Spend Local crew, gear & facilities

ICAA / Regional Grants (€) Subsidies, selective aid, TV prepurchase

Producer A Equity & Gap (€) Lead cash, equity financiers, bank gap

3. Co-Producer B: Partner Financing

Partner Country

Grants & Rebate B (€) CORFO / Ibermedia contribution

Producer B Equity / Pre-Sales (€) Local distributor advance + minority equity

4. Commercial Revenue Simulation €3,500,000

Gross Box Office (Theatrical) Distributor rental ~45% net

Global SVOD / TV License e.g. Netflix, MUBI, TVE, Movistar+

Rest of World (RoW) Sales Territorial minimum guarantees

Sales Agent Fee (%) Standard 15% - 25% + recoupable expenses

Funding Gap / Surplus €0 100% Funded

Net Recoupment Yield 154.2% Equity fully recouped

Producer A Net Backend €584,200 70% profit share

Producer B Net Backend €250,370 30% profit share

Recoupment Waterfall & Distribution Corridors

Waterfall Priority Tier	Party / Stakeholder	Basis & Formula	Allocated (€)	Cumulative (€)	Status

Treaty Quota & Points Evaluation

Evaluating bilateral treaty ratios according to the Spanish-Latin American ICAA & Ibermedia conventions:

Producer Governance & Carve-Outs

Territory Split: Co-Producer A exclusively retains Spain & Andorra rights. Co-Producer B retains their national territory. International gross proceeds enter the unified collection account (CAM) managed under treaty supervision.

Soft Money Immunity: Spanish ICAA Tax Rebate (€360,000) and CORFO grants are non-recoupable subsidies and do not dilute producer private equity returns.

All calculations verified. Production stack in balance.