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This is a feature of series/ serialized TV, sometimes called a reserve or backup script. it captures the mood, tone, feel and voice of the show, but it doesn't follow the established story trajectory.
WGA minimums for TV (1hr): -Pilot Outline: $5.4k -Story: $11.4k -Pilot Script: $30k -Bible: $60k Not including rewrites, polishes and all the other work writers do, it's six figures, MINIMUM. Producers: remember this the next time you try to hire a writer for little or no pay.
To be more specific, when a screenplay is optioned, the producer has not actually purchased the right to use the screenplay; the producer has simply purchased the "exclusive right" to purchase the screenplay at some point in the future, if the producer is successful in setting up a deal to actually film a movie based
Separated Rights are a group of rights that the WGA Theatrical and Television Basic Agreement ("MBA") provides to writers of original material. 1. They are derived from Copyright, which is a bundle of rights. The WGA negotiated for certain of the copyright rights to be separated out and conveyed instead to the writer.
A spec script is a screenplay that has been written without a writing or Literary Purchase Agreement in advance in the hope that it will later be optioned on speculation.
WGA Schedule of Minimums Theatrical The minimum would be $4,975/week.
MBA: An Overview The Minimum Basic Agreement (MBA) is the collective bargaining agreement that covers the benefits, rights, and protections for most of the work done by WGA members.
For a LOW budget film which is budgeted at less than $5 million, the script must be purchased for $72,662. For a HIGH budget film which is budgeted at $5 million or more, the script must be purchased for $136,413.
A screenplay option is contracted permission that gives interested parties exclusive development and shopping rights to your screenplay. It's the step before the actual acquisition of your script.
Separated Rights are a group of rights that the WGA Theatrical and Television Basic Agreement ("MBA") provides to writers of original material. They are derived from Copyright, which is a bundle of rights. The WGA negotiated for certain of the copyright rights to be separated out and conveyed instead to the writer.