CHM 592 Lecture Notes - Lecture 2: Virtual Reality
Document Summary
If you write a book you own the rights to it for the span of your life + 70 years. When you apply for a patent/copyright for a book they don"t check to see if someone else has already submitted it: they just give you a copyright with the date so they know who did it first. Rights that flow from a book tv show spin off, theater show, game etc. About 125 movie submissions a week, 500 a month: only about 4-5 development deals actually get made for those movie submissions a month. Very few movie ideas are original screenplays, they mostly come from books. James bond is the most successful franchise of all time. Option / literary purchase agreement = a contractual agreement between the studio and the writer of the screenplay that details exclusive rights, specified time period and financial obligations: you typically option the movie rights for 10%