Passage: Since the advent of home video in the early 1980s, most major films have followed a pattern of having several distinct release windows.  A film may first be released to a few select cinemas, or if it tests well enough, may go directly into wide release.  Next, it is released, normally at different times several weeks (or months) apart, into different market segments like rental, retail, pay-per-view, in-flight entertainment, cable, satellite, or free-to-air broadcast television. The distribution rights for the film are also usually sold for worldwide distribution. The distributor and the production company share profits and manage losses.

Question: Which entities split the financial proceeds?
distributor and the production company