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Does a producer or production company submitting to the showcase retain the rights to the short?

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Does a producer or production company submitting to the showcase retain the rights to the short?

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Per our release agreement, the producer retains rights to the material but NBC Universal may elect to use selected films in promotions for the Short Cuts film Festival or the NBCU Diversity Initiative. Filmmaker will be a free agent in taking meetings and negotiating with any producer or company following the finalist festival screening however NBC will not screen any films for which the submitter or producer do not hold the rights.

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