Definition of Formula deal
An agreement between motion picture distributors and independent or affiliated circuits to exhibit a feature in all theatres at specified percentage of national gross receipts realized from such feature by all theatres in the United States. U. S. v. Paramount Pictures, D.C.N.Y., 66 F.Supp. 323, 333, 347.
That's the definition of Formula deal in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.