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In the film industry, an option agreement is a contract that "rents" the rights to a source material to a potential film producer. [1] It grants the film producer the exclusive option to purchase rights to the source material if they live up to the terms of the contract and make a film (or series) from it.
As it is common for scripts to be stuck in development hell, the options for a script may expire and be resold on multiple occasions.As well, producers who purchase an option and rework the script own the rights to their own derivative work, while the original rights holder owns the underlying rights.
Since its inception, writers must have contributed at least 33 percent of a final script to receive credit, and only a certain number of writers can receive credit. A determination process for screen credits first sees the production company submit proposed credits; about a third of these are challenged and taken to arbitration.
The long-awaited project still hasn't filmed, but the actor says "it’ll be magical and real emotional." ... For instance, Community creator Dan Harmon (who wrote the movie's script) ...
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The studio is the film distributor who at an early stage attempts to choose a slate of concepts that are likely to have market appeal and find potential financial success. Hollywood distributors consider factors such as the film genre , the target audience and assumed audience, the historical success of similar films, the actors who might ...
Bleecker Street’s “Mass” takes place almost entirely in one room, with four characters. When writer-director Fran Kranz was hunting for funding, he resisted suggestions to “open up” the ...
The movie is silent, but the screenplay still contains specific descriptions and action lines that resemble a modern-day script. As time went on and films became longer and more complex, the need for a screenplay became more prominent in the industry.