Chapter 65 mins read
Advance payment and milestone payments
Securing the Date
It is industry standard for creators to require a 30% to 50% advance to lock in the dates. The remaining balance is usually tied to milestones, like the completion of the shoot or delivery of the final draft.
Key Takeaways
- •Advances are standard and expected.
- •Use milestone payments for larger projects.
- •Never hand over final high-res files before final payment.