Based on this information, how we can make a budget of minimum expected revenue and general recognition of revenue based on GAAP?

July 2018, Chameleon Network entered into an exclusive contract with Spotlight Theaters, Inc. (Spotlight), a large theater chain with approximately 490 theaters across the United States.This contract provided in part as follows:

Agreement: Spotlight is granted the right, license, and permission to display the five films listed herein during the contract period. In consideration of this contract, Chameleon Network will receive:

1. A contract (arrangement) fee of $6,000,000, payable $3,000,000 upon contract signature and $3,000,000 on September 1, 2018.

2. $600 for each film showing in each location.

Contract period: The contract period shall be the six months commencing on September 1, 2018.

Limitation on screenings: Spotlight agrees to show Ultimate Adventures no more than 42 times per theater and the four accompanying films (UA II,UA III, UA IV and UA V) no fewer than 18 times each per theater.

at the signing of the contract, Spotlight paid $3,000,000 of the $6,000,000.

Spotlight sent checks to Chameleon Network for $3,000,000 on September 1, 2018, and $6,489,000 on January 20, 2019, along with an audited statement detailing the number of showings as of December 31, 2018.The following is a summary of that information:

FilmNumber of ShowingsAmount Due

Ultimate Adventures8,490$5,094,000

UAII-V2,3251,395,000

Total 10,815$6,489,000