In my last post about sterile scripts, I mentioned that it’s a violation of your representations and warranties if you option a sterile script that somebody else owns. But what exactly are reps and warranties?
I’ve already talked about options and script sales, and those of you who have read those posts might have noticed several mentions of the fact that production companies don’t always end up buying the scripts they option or work on. It’s actually a common occurrence for a company to option a script, pay to have some writing done, and then ultimately decide not to buy it for any of a variety of reasons. That situation naturally raises the following question:
What happens to those drafts written while the work was under option?
I just wanted to post a quick note to wish everyone a very happy new year! I know 2016 was really tough for a lot of people in a lot of ways, and I’m sure we’re all anxiously looking forward to what its successor has in store.
In my earlier post about script sale breakdowns, I promised a more in-depth look at options. This is that post!
The previous post about script sale breakdowns was a little bleak, so let’s talk about a more positive topic today… all the things you can do with your writing once you’ve created something! This post will only provide an overview, because it’s a very large topic.
In my last blog post about quotes, I talked about how a writer’s compensation typically increases over time, in the same way most other professionals slowly build a salary history over the length of their careers through increasing levels of expertise and proven results.
Today, let’s break down how a writer actually gets paid out when they sell a script.
Screenwriting, in a lot of ways, is a fairly unique profession. Unlike a more traditional job at an office, or a retail store, or a school, a screenwriter’s job has a workflow that can vary greatly, unpredictable payment schedules, and a lot of effort put into a lot of opportunities that don’t go anywhere. And, on top of all that, there’s no clear professional ladder to climb; high-level success requires intangible components like luck and good timing in addition to perseverance, hard work, and quality output.
One way in which screenwriting isn’t so different from other professions is that salary history comes into play when it comes to the money you earn.