April 24

6 comments

After the Deal: What Happens Now?

By David

April 24, 2024

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  • This is great know the details outside of getting work “optioned”.

    It’s reassuring in a sense that a writer can regain rights to a story if it never makes it to production

    I never knew that producers maintain control of final script and production.

    Also with having to prepare ahead time to be compensated for sequels/ Did not realize that screenwriter can be replaced even it they are the creator of a project.

    When you mention net profits, it makes me think of the writers strike and the concern over streaming.
    Happy to know that I should keep that in mind.

    It’s good to know the broad time range of the purchase price when the option is exercised; it may not happen until after production is complete.

    Wow I didn’t realize that likeness can actually be justified for example exploitations of a film. It’s good to know that if the contract is divvied right there are a good amount of possibilities for royalties and residuals.

    I appreciate the detail with the producer’s goal of the option. Having those wants in mind helps with writing a better screenplay.

    I really value the emphasis on the important of communication from understanding the process with the producer to pitching to financing options leading into the production itself.

  • Opportunity often intersects with uncertainty in the entertainment industry. We must understand the intricacies of option agreements, negotiation points, and the pre-production processes. By equipping ourselves with this knowledge, we not only safeguard our creative visions but also assert our presence in an industry that historically has marginalized our voices. Thanks for the heads up, David.

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