We would like to share with you some great information from an article we came across by CreatorsVault.com. When a company commits to bring your TV Project to market, they will propose an option agreement that give them the exclusive right to sell your show to a network for a limited period of time.
Option deals for scripted projects are essentially the same as for reality-based concepts, yet fees and purchase prices are considerably larger in scripted. Financial and developmental participation in production are negotiable to a point, depending on your industry experience and what you bring to the table in terms of the marketing of your show.
As in any industry, there are a variety of forces and factors that give shape to the legal structure and content of any deal made. A television Writer or Producer with an established track record is likely to receive a more lucrative deal than someone with little or no experience, and are often given more involvement in the actual production of the show. However, there are many industry standards regardless of who you are.
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