Having spent my entire career on the creative/technical side of things, I now find myself in charge of a program that a startup network wants to air. They say they want to be co-producers. I assume that means we have a show, they have (some) money and we trade. The big thing I have learned in the last one to two years we have been putting this together is that there is a lot I don't know. So, what is it I don't know here. What else might they mean by co-production. I know they are interested in the rights to DVD sales. Thanks in advance for your help.
It could mean anything from "I want my name on the credits" to they own the show after the production to a 50/50 split on costs to they pay, they get merchandise and ancillary rights (or you do).
Not knowing the show, the network or the costs to mount, I can't be much more specific...but if you're in negotiations already. now is the time for legal help, including making sure that your production entity is covered by orginzation, i.e. formed as a company.
"Design is a process by which you create something for a client who has no idea of what they want until they see your design - then they know what they want, but your design isn't it."