I’ve created an episodic series and wrote the pilot which will be shot in the next month or two. However, I feel like I need to bring on a partner (I have several people in mind) because I feel that this project has a bit of legs and would need someone to help produce and more importantly, promote it once its done (I’m terrible at the business end of things).
So it basically goes, I wrote it, co-producing the pilot, I’m going to DP and do all the post. My partner to be will direct the shoot, co-produce and probably do more of the business legwork.
My question are:
1) How do we go about splitting potential profits, IF something comes out of it? A producer friend suggested that I get a little more since I created the project. I know these things should be established up front to avoid any conflicts down the road. I was thinking either:
55% to 45% or 60% to 40%. Or should I just do 50% to 50%?
2) At what point should we bring up the contract? The thing is, I want to make sure my partner will pull his weight so I was thinking of stipulating a 3 month trial period to see how things go; and if all is well then sign a contract? Does this seem fair?