Negative Pickup (Entertainment Law) Law and Legal Definition
Negative pickup means a distributor’s guarantee or agreement to pay a specified amount for distribution rights upon delivery of a completed film negative by a stipulated date. The distributor has no obligation to license the film if the picture is not delivered on time and in accordance with the terms of the agreement. A negative pickup guarantee may be used as a collateral security to obtain a bank loan in order to meet the production expenses of a movie.