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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. This is known as optioning the source ...
In US law, these rights belong to the holder of the copyright, who may sell (or "option") them to someone in the film industry—usually a producer or director, or sometimes a specialist broker of such properties—who will then try to gather industry professionals and secure the financial backing necessary to convert the property into a film ...
For an example of an unusually high advance: in 2013, the highly anticipated City on Fire by Garth Risk Hallberg captured the attention of ten publishers who started a bidding war that ended with Knopf buying the rights to the book for 2 million dollars. The book's film production rights were purchased soon after by producer Scott Rudin. [4 ...
Legendary Entertainment has won the movie rights to Grady Hendrix’s runaway bestseller “How to Sell a Haunted House.” The studio behind “Dune” took the novel over several bids. The book ...
Director James Cameron has purchased the rights to Charles Pellegrino‘s upcoming book “Ghosts of Hiroshima,” which will be published by Blackstone Publishing in August 2025 (the 80th ...
Released in 2023, the book became an instant national bestseller […] Film Rights to Shelley Read’s Global Bestseller ‘Go as a River’ Head to Fifth Season, Mazur Kaplan (EXCLUSIVE) Skip to ...
These rights typically only last for a certain period of time that is negotiated. [1] The rights must be obtained for all parts a production. For example, for a musical, the rights must be obtained for the book, lyrics, and music. A producer can also hire a writer to create a work. This could be defined as a Work for hire. If the work is a work ...
EXCLUSIVE: Following a competitive situation, Bad Robot has acquired rights to adapt Mona Awad’s bestselling novel Bunny into a feature film. The novel gained a loyal fan base after blowing up ...