What Does it Mean to Option a Story?

This might also happen for a novel or for the story part of a writer's screenplay. The producer may obtain the temporary rights for the story for potential adaptation, either to protect it from other producers or to shop around its potential for further development.

How Much is a Screenplay Option?

The option price is traditionally 10% of the eventual purchase price. The exact fee, however, can vary massively. The lowest can even be $1 - a symbolic purchase more than a practical one.

A Screenplay Option Offer Comes In...Here's How You Navigate It

Table of ContentsWhat is a Screenplay Option?Important Points to Know From the Very BeginningWhat About Money?Dollar Option on a ScreenplayHow Long Should the Optioning (and Renewal) Period Last?What’s Your Role During the Optioning Period?How Much Can Your Screenplay Be Changed?To Lawyer Up, or Not to Lawyer Up?A Screenplay Option – Final Points So, you’ve written a screenplay and a producer has approached you about a screenplay option. Amazing – right? You’re one step closer to having your work make it

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