Estimated Royalties for "Secrets of the Sea" at 30% of Box Office Receipts -- Contract Period…

The Science Museum of Virginia awarded an Agency Mandatory Contract to MacGillivray Freeman Films Inc., effective March 1, 2025 through July 31, 2026. The contract, identified as PO05015650-V2, establishes a royalty arrangement for the film "Secrets of the Sea" under which MacGillivray Freeman Films Inc. will receive compensation equivalent to thirty percent of box office receipts generated during the contract performance period of March 1, 2025 through June 30, 2026.

The cumulative contract value is $11,819.10, representing the estimated royalties owed to the prime contractor based on the specified percentage of receipts. The deliverable is designated as a single lot, with performance to be directed to Courtney Moyer. This arrangement reflects a revenue-sharing model whereby the Science Museum of Virginia compensates the contractor based on actual box office performance of the specified film asset during the contract period.