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Film option agreements last for a set amount of time, which is called the "option period" and is often around eighteen months. [2] [7]After the option period expires, the producer no longer has an exclusive right to buy the screenplay and the original work's rights are returned to the author.
The sole purpose of a spec script, also called a selling script, is to showcase a screenwriter's talent of telling a story through action and dialogue. [2] Spec scripts are often written by unknown screenwriters looking to prove their storytelling ability and make a name for themselves in the film industry.
Treatments are widely used within the motion picture industry as selling documents to outline story and character aspects of a planned screenplay, whereas outlines are generally produced as part of the development process. Screenwriters may use a treatment to initially pitch a screenplay, but may also use a treatment to sell a concept they are ...
Every screenplay and teleplay begins with a thought or idea, and screenwriters use their ideas to write scripts, with the intention of selling them and having them produced. [5] In some cases the script is based on an existing property, such as a book or person's life story, which is adapted by the screenwriter.
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 ...
A "Screenplay by" credit may also be used, when the writers for the story and screenplay are different, or in similar circumstances to a screen story credit (either if the work is not mostly original, or in addition to the screen story credit). [23] [28] No more than two writers can share a screenplay credit except in cases of arbitration.
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