EFTA01001766.pdf

From: "Jeffrey E." <[email protected]> To: Brad Wechsler Subject: Re: Regan Arts Date: Wed, 03 Dec 2014 18:55:00 +0000 no rush On Wed, Dec 3, 2014 at 1:41 PM, Brad Wechsler < > wrote: Jeffrey-im still on art basel floor but will be home after 330. I'll call u then if that's ok. B From: Jeffrey E. [mallto:jeevac m@gmail com Sent: Wednesday, December 03, 2014 10:32 AM To: Brad Wechsler Subject: Re: Regan Arts 212 750 9895 when you get a chance On Wed, Dec 3, 2014 at 10:23 AM, Brad Wechsler < > wrote: Has anyone reached out to keith and judy to provide them a little context so they don't feel threatened. If yes, good; if not I will. Ns let me know. From: Richard Joslin [mallto: Sent: Wednesday, December 03, 2014 09:35 AM To: jeffrey E. <jeevacationegmaitcom>; Brad Wechsler Subject: FW: Regan Arts I summarized open questions to Phaidon accounting team below From: Richard Joslin Sent: Wednesday, December 03, 2014 9:26 AM To: ; John Murphy Subject: Regan Arts Please take a look at this — I'd like to have a call this morning to discuss. Thanks Revenue How was 47% of list price derived? Is that contractual with distributor? If there is a second printing, is the 47% continue to apply? EFTA01001766 Direct costs PPB - what is the derivation on a per title basis — cost varies per unit/ median $1.721 title. PPB - If there is a second printing would the per unit amount remain the same? Plant expense - what is the derivation on a per title basis. Please provide detail, eg development, photo, artist fees, copy editing Plant expense — please confirm that if there is a second printing then there is no incremental plant expense Royalty — pls send some sample contracts Royalty — I see benchmark payment schedule, eg amount at hardcover publish date; amount at softcover publish date. Are these contractual by date? Royalty — Under what circumstances would these amounts need to be returned? Royalty — if there is a scheduled softcover payment and the book is not release in softcover, is the payment cancelled? Royalty — what is Royalty/ expense memorandum? I assume it is the total amount of advances paid to author? Royalty — Cash flow — Cash Outflow (Best case scenario) includes "Royalties advances (14)4€ ($1,441,000) and "Additional (14) Royalty Payments.€ ($1,552,071). These two amounts add up to $2,993,071. I understand this amount to be equal to total royalties payable if all print quantities sold. Please clarify that the "Royalty Advances(14)4€ were actually paid in 2014 (not 2015). Selling and distribution — 10% is paid to distributor; what is the additional 3%? If there is a second printing, is 13% continue to apply? M&P - what is the derivation on a per title basis. Please provide detail Freight - what is the derivation on a per title basis. Please provide detail EFTA01001767  Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 IMAX0 is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is confidential information intended only for the use of the individual or entity named above. Any reader of this message who is not the intended recipient of this correspondence is hereby notified that any dissemination, distribution. copying or communication of the contents of this correspondence is strictly prohibited. If this e-mail was not addressed to you please immediately notify us by phone in Canada collect calls will be accepted) or by email at and delete and destroy this correspondence inadvertently sent to you. Thank you please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved !MAX& is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is confidential information intended only for the use of the individual or entity named above. EFTA01001768  Any reader of this message who is not the intended recipient of this correspondence is hereby notified that any dissemination. distribution. copying or communication of the contents of this correspondence is strictly prohibited. If this e-mail was not addressed to you . please immediately notify us by phone in Canada at 19051403-6500 (collect calls will be accepted) or by email at and delete and destroy this correspondence inadvertently sent to you. Thank you please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01001769