Directors Guild of Great Britain: directing film and theatre
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MEANING OF LIFE + Terry Jones ScreenTalk
OPEN BOOK MANAGEMENT - New Financing for Fringe Theatre & Small-scale Film (Sat 9 July 2011)
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Saturday 9th July 2-5pm

Squire Bancroft Studio
Royal Academy of Dramatic Art
London WC1E 6ED

FREE EVENT

With support from the Mackintosh Foundation, the Guild and Red Table Theatre are pleased to present a public debut introduction of Open Book Management financing for fringe theatre and small-scale film projects.

Open Book Management is a transparent, collaborative process in which all of the participants of a company are free to look at all of the financial and business information of that company - and to help drive business success. Everyone can see where the money is spent - how much money goes on advertising, salaries,  insurance, printing, props, set design, set build, illustrators, photographers - and how much money is taken. At every stage of rehearsals and production, everyone involved can see how far away they are from profitability. And then, when you cross breakeven, how much you’re going to get from the production.

Where many directors start their careers working in "Low Pay - No Pay" projects, Open Book is a very powerful way of building and keeping a committed and honest company ethic - and a strong ethical standpoint.

Rafe & Piers Beckley of Red Table Theatre will introduce Open Book, outline the way it works for them and how it can be applied to your projects, followed by a Q&A.

PROGRAMME

1) A broad outline and history of Open Book, how it relates to Red Table Theatre and why they do it.

2) How Open Book Theatre works:Spreadsheets
  • Contracts, Equity and best practice
  • Involving casts and crew in the process
  • The difference between showing your spend and involving others in spending, and it's benefits
  • Keeping open lines of communication
  • Profit share points and their allocation
  • Legal obligations
  • How we raise a production budget
  • How we pay investors back with interest
  • Benefits of Open Book to production companies
  • Other Open Book applications, e.g. film - how can the system be adapted?
  • Reality vs Theory - what we learned, what we plan to do, and expensive lessons we'd like to help you to avoid
3) Q+A session


Date: 
     Saturday 9th July 2011

Venue:   Squire Bancroft Studio, Royal Academy of Dramatic Art
               18-22 Chenies Street London WC1E 7PA
               (Nearest tube Goodge Street, Northern Line)

Time:      2 - 5 pm


BOOKING IS FREE BUT PLACES ARE LIMITED - please contact the Guild office to reserve a seat.

THE GUILD WOULD LIKE TO THANK THE
MACKINTOSH FOUNDATION FOR THEIR
SUPPORT OF THIS EVENT.
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