Production Registrations: UK HETV SPV

SPV under a UK parent company
- What you get:
  
  The SPV gets:
  • access to Pact's business affairs support for the life of the production
  • access to Pact's suite of contracts and agreements for the life of the production
  • access to Pact's escrow management services should you need them
  
  The parent company gets:
  • full membership rights as per the category of membership it applies for
- Eligibility criteria:
  
  • the production is high end TV, commissioned by a UK broadcaster, set up through an SPV of a UK parent company
  • the parent company of the SPV must be a Pact Member or apply for Pact Membership
- What you pay:
  
  TV Levy:
  
  • once your production registration form has been submitted, a member of our accounts team will be in touch to discuss any fees.
  
  The parent company pays:
  
  • the relevant Membership rate based on the parent company’s turnover as per the Income Statement of the most recent set of accounts filed at Companies House.
  
  The Membership fee calculator can be accessed here.
- How long does it take to register?
  
  Please note that a UK company producing HETV for a UK broadcaster must be a Pact member before registering a TV production. If the UK company is not a Pact member, we will direct you to our membership team to finalise membership first before we proceed with the TV registration.
  
  We will usually be in touch about your registration within 48 hours from receipt of the production form. The time taken to complete registration will depend upon a number of factors, however to help expedite the registration process, as well as submitting a Production Form (using the link below), please also contact Annette Atanda (annette@pact.co.uk) with the following details:
  
  For TV Registrations
  • the production budget, excluding COVID-19 costs
  • the name of the commissioning broadcaster
  • a letter of financial guarantee – this is a letter from the commissioning broadcaster and is an Equity requirement. Most UK broadcasters are very familiar with these letters, however Pact can provide a template upon request
  
  For SVOD Registrations
  • the production budget, excluding COVID-19 costs
  • the name of the commissioning SVOD platform
  • a letter of financial guarantee – this is a letter from the commissioning SVOD platform and is an Equity requirement. Most UK and global SVOD platforms are very familiar with these letters, however Pact can provide a template upon request. Please inform us if your commissioning SVOD platform will not be providing this letter and we will discuss alternative routes to registration.
  • Rights clearances – please contact Helen Hogan (helen@pact.co.uk) in relation to Equity clearances that you require for your production
  
  Pact cannot issue production specific cast Forms of Engagement until registration is complete.
  
  Parent company membership (if required) usually takes 48 hours from receipt of a completed application form and payment.

But don't forget...

As outlined above, a further condition for registered high end TV productions that are set up through an SPV where the parent company is UK registered, is that the parent company also has to join Pact (if it is not already a Member).

This needs to be done through a separate application. Find out which Pact Membership to apply for via the Join Us page.

We will get in touch with you to invoice for your Levy and Membership fee as soon as we can, and once we have received payment you will be able to access our services.

Timescale: Please note that a UK company producing HETV for a UK broadcaster must be a Pact Member before registering a TV production. If the UK company is not a Pact Member, we will direct you to our membership team to finalise membership first, before we proceed with the TV registration.