What are screenwriters experiences? Have you ever been paid for your options?
Screenwriting : Script option agreements by Marvin Willson
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Well from what I have read and learned, you get paid when your script is optioned just not what you may have in mind. It best to have more than on producer wanting to make a deal because then that creates a bidding war which means more money for you.
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Absolutely. As a rule of thumb I figure the option fee to be 10% of the suggested/intended/agreed purchase price. I have seen option agreements where if they do not conduct the purchase or go to production the option fee must be refunded. I've never signed one of those.
For real, wow, Phil. Hope to never see one of those options. I haven't sold or optioned anything yet. Hope to do so this year with my comedy, Belly Bump.
I have sold my script for a peanut
I once knew a novelist who'd written this terrific alternate/parallel reality history novel everyone loved he used to make a regular check every few years because someone would option the thing figure out it was impossible to adapt then the rights would go back to him.
Hello Marvin, I have yet to find a literary agent to help pitch my scripts/screenplays. So I have not yet gotten paid for my writing (optioning). But I would like too. Good luck.