So there immediately is a conflict in the relationship. When the film is picked up by a distributor, there are important financial considerations. The negotiations are usually handled by an agent or an attorney. Since the director is more emotionally attached to the film, it is best if the deal is handled by a legal professional. The rest, or back end, is split.
Bloom recommends asking for a flat fee rather than a percentage of the net total.
There are important considerations when seeking distribution. Do some research, make some phone calls, and find a producer's representative who can begin working with distributors as you put your vision to celluloid.