I've been in contact with someone who wants to represent and pitch my TV Pilot in the next coming weeks to Netflix, HULU and HBO. I've been discussing percentages with him and he brought up a 1% backend. I have no idea what that means and what that would entail if this project takes off.
I'm just looking for advice on how to handle this.
His website: https://www.linkedin.com/in/jaypmusic
A few snippets from my email conversation with him:
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"I would need your Script Bible if you have one, The script of course, and a letter giving me permission/authorization to pitch/represent you and a brief bio. you can send the info needed to my email at:"
"As far as fees go in this arena, I don't do upfront fees. I don't think someone should get paid for just pitching, unless it's a team dedicated to pitching. What I normally do in most cases is ask for a fair percentage as well as credits (Producer and/or Writer)."
"Basically just to verify that you authorize me, Johnnie Jacobs to represent you and your project(s) on your behalf. That I have authority to negotiate contracts and option deals on your behalf. Something like that...simple and to the point. Make sure to put your full name and contact info just in case someone wants to verify that you wrote the Letter Of Authorization."
My response:
"What would be your percentage? And would you be open to a 3 month representation?"
His response:
"It would depend on what you intend to do with the script, are you wanting to sell it or attempt to stay on the project indefinitely in some capacity. I would probably require 10% and 1% backend. But as I said it would depend on what your plans for the script is. At any rate I am very open to negotiations. I am easy to get along with.
I don't know about the 3 month option only because there are a lot of factors when it comes to getting a pitch for projects. Do you have a Script Bible? Also you will need a Pitch Deck, and a Treatment as well, which I can get done (Not the Bible though), all in hopes in getting your script to the table. All to say, no one can guarantee that they can have you sold in 3 months or not, especially if you don't have a track record yet. I would in fact say that an open ended (On-going) agreement would be more efficient because with a written 30 day withdrawal either party can cancel the agreement. I was also considering pitching you along with my pitch next month, but I'm not sure if my team will be ready. But my goals is once inside, to let them know I am representing several projects and multiple genres.
Let me know what you think..."
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Any advice on how to respond to this? Why do I have to write the Letter of Authorization? Isn't that something that should be provided to me with the terms and percentages? I am very new to this and very shy of signing or authorizing anything, especially a project that I feel is my "baby".
I'm just looking for advice on how to handle this.
His website: https://www.linkedin.com/in/jaypmusic
A few snippets from my email conversation with him:
=====================================
"I would need your Script Bible if you have one, The script of course, and a letter giving me permission/authorization to pitch/represent you and a brief bio. you can send the info needed to my email at:"
"As far as fees go in this arena, I don't do upfront fees. I don't think someone should get paid for just pitching, unless it's a team dedicated to pitching. What I normally do in most cases is ask for a fair percentage as well as credits (Producer and/or Writer)."
"Basically just to verify that you authorize me, Johnnie Jacobs to represent you and your project(s) on your behalf. That I have authority to negotiate contracts and option deals on your behalf. Something like that...simple and to the point. Make sure to put your full name and contact info just in case someone wants to verify that you wrote the Letter Of Authorization."
My response:
"What would be your percentage? And would you be open to a 3 month representation?"
His response:
"It would depend on what you intend to do with the script, are you wanting to sell it or attempt to stay on the project indefinitely in some capacity. I would probably require 10% and 1% backend. But as I said it would depend on what your plans for the script is. At any rate I am very open to negotiations. I am easy to get along with.
I don't know about the 3 month option only because there are a lot of factors when it comes to getting a pitch for projects. Do you have a Script Bible? Also you will need a Pitch Deck, and a Treatment as well, which I can get done (Not the Bible though), all in hopes in getting your script to the table. All to say, no one can guarantee that they can have you sold in 3 months or not, especially if you don't have a track record yet. I would in fact say that an open ended (On-going) agreement would be more efficient because with a written 30 day withdrawal either party can cancel the agreement. I was also considering pitching you along with my pitch next month, but I'm not sure if my team will be ready. But my goals is once inside, to let them know I am representing several projects and multiple genres.
Let me know what you think..."
=====================
Any advice on how to respond to this? Why do I have to write the Letter of Authorization? Isn't that something that should be provided to me with the terms and percentages? I am very new to this and very shy of signing or authorizing anything, especially a project that I feel is my "baby".
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