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The contract for an option will specify the length of time it is valid for. If the producer is unable to have their project greenlit within the specified timeframe (e.g. two years), the option will expire. The rights holder can then put the previously optioned rights up for sale again.
While the film images are public domain, under rulings of Stewart v. Abend, the film text (script) is based on the copyrighted short story "The Greatest Gift" by Philip Van Doren Stern. [66] [67] [68] Republic also purchased the exclusive rights to the film's copyrighted music to further shore up its rights. [69] Jack and the Beanstalk: 1952 ...
This right to terminate the transfer is absolute and cannot be waived. [35] For works published before 1978, copyrights may revert to the author after 56 years. For example, Paul McCartney reclaimed the U.S. publishing rights to early Beatles songs from Sony Music Publishing, beginning in October 2018. [36]
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 ...
Disney owned the rights to adapt all of Baum's books except The Wizard of Oz, but this did not matter because by 1985 both The Marvelous Land of Oz and Ozma of Oz were in the public domain. The only element that Return to Oz used from the 1939 film was the ruby slippers – in the book, there were silver shoes. The ruby slippers had become so ...
Lionsgate has emerged the winner of a filmed rights auction for the Steven Rowley novel “The Guncle.” Published only a week ago via Penguin Random House, the bestselling author’s new book ...
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 ...
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 ...