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Negotiation - Kingi Project Queenie - Coggle Diagram
Negotiation - Kingi Project
Queenie
Emotional and Reputational Concerns
Royalties
65:35 royalty split
if they go 50:50, we need to rewire them back to 60:40 with guarantees
go down to
60:40
, guarantees the Album hits
#1 on Billboard
Personal Diaries of Kingi
access to the diaries only if Warmer Brothers signs a confidentiality
must not use any private information in the script without her explicit consent
diaries
portray Kingi positively
, including some private content (like references to a
possible long-lost son
)
Queenie
will not disclose
the content about the
son
and insists this
remain confidential
Confidentiality offers Opportunities to access to private information to the extends of the diaries: private without her consent, means the only livng relative fo Kingi, Queenit might offer personal inside. Queenie should have the say about what goes in it only authorised people to use and published them. This creates mutual benefits, one side gets the
extends of the diaries
, another gets
assurance of reputation
.
Paysley Park Estate – Filming Access
Exclusive Access
Queenie will allow exclusive access for filming — but for a fee:
Ideal rent: $25,000 per week.
Minimum rent: $20,000 per week.
Lease Terms
allow filming for up to
8 months
if filming does
not interfere with external painting
needed to prepare for the museum.
maximum lease of 6 months, as she plans to turn the estate into a museum in 12 months.
Financial Urgency
She has a
$350,000 estate tax bill
due in
six months
and needs income fast, ideally from streaming royalties.
She’s concerned about any delay in releasing the Album. Unless Warmer Brothers offers
upfront paymen
t, she will push hard for
an immediate release
.
Cash upfront, = commitment and security -> win win situation here/mutual benefits.
it could be Too risky for Queenie to wait for six months and until Mr Kingi is no longer a hot topic. what if Warmer brother go bankrupt or winding up the company, Queenie will have nothing left .
to queenie, 350k offer security for queenie, especially it could be a common market scene what if Kingi is no longer a hot topic after 6 months. So this six months is more like the opportunity cost for Queenie not to find replacement deal or give me the deal to others. A security of deposit upfront seems common in practice.
Queenie is prepared to commit exclusively to Warmer Brothers, but that commitment comes with risk for her. A reasonable upfront payment provides security on her side and shows your commitment on yours. It ensures that neither party loses if market interest drops or if delays occur. We see this as standard practice for an arrangement of this magnitude.