Re: Options make the trades?
On my last spec, we did one option period (no extensions) of three years, instead of a more typical 18 months/18 months. I believe we structured it that way so I got more guaranteed money up front. Of course, the tradeoff is that if it falls apart, I don't get it back right away... but as I've said, even if it falls apart, the next studio would need to make a deal with the current studio to acquire the rewrites anyway. In reality, it doesn't change much.
The option money is roughly 20% of the purchase price.
On my last spec, we did one option period (no extensions) of three years, instead of a more typical 18 months/18 months. I believe we structured it that way so I got more guaranteed money up front. Of course, the tradeoff is that if it falls apart, I don't get it back right away... but as I've said, even if it falls apart, the next studio would need to make a deal with the current studio to acquire the rewrites anyway. In reality, it doesn't change much.
The option money is roughly 20% of the purchase price.
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