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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 film production, a negative pickup is a contract entered into by an independent producer and a movie studio conglomerate wherein the studio agrees to purchase the movie from the producer at a given date and for a fixed sum. Depending on whether the studio pays part or all of the cost of the film, the studio will receive the rights ...
In the film industry, it is an agreement between a writer and an independent production company or between an independent production company and a film studio in which the potential buyer (producer or studio) of a not-yet-written script or in-development film or television project pays a development fee to the writer or producer for the right to have the first look at the new material before ...
The DGA and the Alliance of Motion Picture & Television Producers will begin negotiations for a new film and TV contract on May 10. The DGA’s current contract expires June 30. The WGA, meanwhile ...
TV and film writers have voted overwhelmingly to authorize a strike ahead of their upcoming contract expiration, the Writers Guild of America said Monday. Nearly 98 percent of the union’s ...
The WGA’s historic victory in its epic legal battle to reshape the talent agency business is expected to pay “unprecedented” dividends in its upcoming film and TV contract negotiations with ...