How do scripts get optioned?
- An option is a way for a producer to legally try to produce a screenplay without purchasing it.
- The deal needs three basic ingredients: (1) A final purchase price, (2) a time period, and (3) the initial option price.
How much do scripts get optioned for?
A screenplay option is typically negotiated at around 10% of the purchase price. According to WGA conventions, the purchase price is around 3-5% of the total production budget. However I've heard of screenplay options being negotiated for as little as $500 and as high as $50000.
Do you get paid if your script is optioned?
The Option Period stipulates the numbers of months the screenplay is optioned for. The Option Payment dictates what the screenwriter will be paid upfront for that option agreement. ... But with most major screenplay options, you'll likely see a Purchase Price section included.
