Ruairí Ó Murchú (Louth, Sinn Fein)
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We would all agree that we would want to see investment for the continuity of section 481 to build the industry. We want to see sustainable, good jobs in a vibrant industry. Production companies will make section 481 applications. The designated activity company, DAC, is a special purpose vehicle where the money can be put. It deals with the ins and outs and all the operations relating to a film. I am always interested in the rules and regulations regarding how that works out. All the obligations and costs end up in that. Eventually, the DAC is put to one side and disappears, for want of a better term. A question about this came up. Actors spoke about how they have to sign over their intellectual property, IP. Who owns the intellectual property after that? Will someone address the ins and outs in case I have missed anything about how it works and the relationship between the production company and DAC with regard to drawing down the money?