Cheaters is in its 18th season and generates revenue in syndication with new 1-hour full episodes and 30-minute strips that are a mix of new and old shows. These shows are sold to individual television stations, and the ad revenue is split between the show and the station.
Between the continued ratings strength of the show and limited options for syndication shows, Cheaters has actually grown in its market share of the major TV markets (DMA) to include 100% of the DMA for the 1-hr show (210 stations) and 93% for the 30-min show (191) stations. This is tremendous grow from 2014 when these numbers were 63% and 53%, respectively. This growth is also due to a change in sales strategy by bringing sales in-house. [Read More]
Revenue Sharing Note
Revenue Sharing is a form of lending that involves sharing operating profits with investors as return on their investment.
February 15, 2019
May 01, 2019
Open to Investors
Intermediary Fee: 6%
Next Season of Cheaters: 94%
Bobby Goldstein - General Partner
Dallas native BOBBY GOLDSTEIN attended Baylor Law School in Waco, Texas with a desire to get involved in the entertainment business. Without many entertainment opportunities in Texas, Goldstein immersed himself in trial law from 1987 to 1998 after becoming a licensed lawyer and establishing his own law practice in Dallas. In 1995, Goldstein created the concept of Cheaters as a premise for a television series and without any experience in television production or in selling a syndicated show, he was able to bootstrap Cheaters and create a pilot. When no networks bit, he decided to syndicate the show himself and landed his first deal in Germany, of all places, before launching in the US the following year. In over 17 years he has been able to put cheaters into a group of one of the longest syndicated television shows and increase the DMA for the 1hr show to 100% market share. He continues to trailblaze by using the new JOBS Act to help finance his episodes where normally he would have had to solicit accredited investors, as he has in the past.
Revenue Sharing Percentage: 50% of the gross revenue of the Company calculated on a cash basis (excluding any revenue attributable to rebates or refunds received in cash by the Company with respect to any prior expenses incurred by the Company.)
Initial Grace Period: 5 months (number of months after final Closing after which Periodic Payments begin)
Maturity Date: 84 months after the Initial Grace Period (number of months after Initial Grace Period upon which any unpaid Amount Due becomes due.)
Payment Period: Every 3 months, following the Initial Grace Period