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I got a script on here called Age of Superheroes. A person has emailed me, asking how much I'm selling it for.
I'm a real amateur and don't know how to respond. I'm not getting my hopes up, it will probably end up as nothing but how would members of the board act in this sort of situation.
WGA does have minimum guidelines, but those only apply if you're working with a signatory. if you're not, they're free to offer you whatever they want, and it's up to you to accept or decline.
I've found that asking for 3% of the budget as a sale price and 3% of the adjusted gross revenue on the back end has been a fair deal.
Options can be anywhere from $1 to tens of thousands of dollars. Personally, I would accept either.
I always thought an option was 10 percent of final sale of the script. If WGA minimum is 75k for films over 10 Mil budget, it sounds more realistic. Not a percent of film budget. Am I wrong???
Again, twelve pack sounds good. Just film the farking thing.
Mat, do you know anything about the person who wants to film it? Or how he sees your script being filmed? Is he a film student or a director with twenty years experience?
The script warrents a pretty high budget film. I'd expect the film to cost a lot to produce. At the moment, the script isn't signed up to WGA, so I think they're free to offer what they like.
I think I need to do some research. Do you guys think I should find out more about the buyer before I go forward, or ask the buyer how much he or she is willing to buy the script.
Try this link. It has PDF's on all WGA contracts. The most important thing is to listen carefully and document the entire process via whatever paper trail you can generate. Beware the option game. Remember never do for free things you do well.
The script warrents a pretty high budget film. I'd expect the film to cost a lot to produce. At the moment, the script isn't signed up to WGA, so I think they're free to offer what they like.
I think I need to do some research. Do you guys think I should find out more about the buyer before I go forward, or ask the buyer how much he or she is willing to buy the script.
Find out what you can about them, then go into details about what they think the budget will be. I wouldn't ask them what they want to pay, because that just starts a whole merry go round of hassle.
The script being registered with the WGA or not has nothing to do with what they're required to pay, but them being a WGA signatory or not does since they're required to abide by minimum purchase prices if they are.
Not to say you can't use WGA rates as a bargaining tool though.
Just curious if this is a US based producer or company. If not, the WGA regulations would seem to be moot. Did the guy specifically say he wanted to buy your script, or option it? If it's an option, he pays a (usually) small fee and secures the exclusive rights to your script for a certain period, usually one year. Superheroes are big right now, so maybe this guy read your script and wanted to jump on it before anyone else. Good luck with it.