Wow. Was this a bidding war?

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  • Wow. Was this a bidding war?

    200K against 400K for a spec from an unknown?
    Does anyone have info on this? Sounds like a bidding war...

    itle:******* Flight Risk
    Log Line:* A young man is hired by a wealthy father to escort his unusually rebellious 11-year-old son across state lines to a school for troubled kids.
    Writer:***** Kyle Long
    Agent:***** David Kopple of The Gersh Agency and mngr. Alex Goldstone of Fuse Entertainment
    Buyer:***** Walt Disney Pictures
    Price:****** $200,000 against $400,000
    Genre:***** Action Comedy
    Logged:*** 7/29/05
    More:****** Spec.* Offspring Entertainment's Adam Shankman and Jennifer Gibgot will produce.* Offspring's Matthew Mizel will co-produce.* Alex Goldstone and Mikkel Bondesen will executive produce.

  • #2
    Re: Wow. Was this a bidding war?

    Bidding war would be more like a mill against 1.5
    http://wasitsomethingiwrote.blogspot.com/

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    • #3
      Re: Wow. Was this a bidding war?

      really?

      So, this is the norm for a spec out of the blue bought without competitive bids?

      S

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      • #4
        Re: Wow. Was this a bidding war?

        There's really no such thing as a "norm" for s first sale/spec without competitive bids.

        It could range anywhere from a free option to big bucks. The big bucks would raise a few eyebrows, but this one is a nice payday that most of us would love to have, but not outrageous.
        my webpage
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        • #5
          Re: Wow. Was this a bidding war?

          Sounds like "Young Scent of a Woman".

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          • #6
            Re: Wow. Was this a bidding war?

            He had a script he co-wrote set up at Fox in 2001, then a few months later sold a spec for around $400K or so, "The Kick", (Weaver's first sale at Energy). So not entirely unknown.
            The Complete IfilmPro DEVELOPMENT FORUM (PDF)

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            • #7
              Re: Wow. Was this a bidding war?

              broughcut,

              Thanks. That explains it.
              I'm sure it has happened before, but I didn't think that 200 against 400K was common for your first time on the map.

              S

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              • #8
                Re: Wow. Was this a bidding war?

                No bidding war. It went wide and was bought 2 weeks later. Writer had a ton of credits and was well-known and liked by Disney. The script is a comedy about a troubled kid that has to be transported from point A to point B by an adult hired for that purose.

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                • #9
                  Re: Wow. Was this a bidding war?

                  Script was brought one week after it went out. Warners and Fox were also interested. It's basically midnight run with a kid.

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                  • #10
                    Re: Wow. Was this a bidding war?

                    yeah, but no one ever offered anything else... D's first offer was accepted.

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                    • #11
                      Re: Wow. Was this a bidding war?

                      Does this mean that if the script makes it through all the hoops and ladders that the total sale is $600K ($200 against $400) or $400K?

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