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HBO to make George R.R. Martin' SoI&F into a series...
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<blockquote data-quote="Steel_Wind" data-source="post: 3288324" data-attributes="member: 20741"><p>Because when books or scripts get "optioned", they are preserved by a studio for a brief period of time to consider whether or not they will acquire the rights on an exclusive basis.</p><p></p><p>That is a mere option. It is a legal exclusive interest which gives Party A the exclusive option to buy something from Party B during the term of the option.</p><p></p><p>Mere options happen all the time anytime anyone reviews a script and they are hardly newsworthy. Options are somtimes paid for, but it is unusual to pay a lot for them.</p><p></p><p>When you buy the rights, you buy them either outright or for a period of time, within which the licensed property must be filmed or the rights revert back to the author. Some people call this an option - but that isn't what it is. That's a rights acquisition for an agreed sum which may be defeasible on the happening of an event (failure to release a film by 2011, say)- a very different sort of deal than a mere option.</p><p></p><p>I think DragonLance must have been optioned a dozen times before a movie deal was finally signed last year.</p><p></p><p>The purchase of rights - which is what has happened in this case, is not a mere option. It does not necessarily commit the studio to production - but it is not a mere option. GRRM notes that the deal for the rights closed a few days back. </p><p></p><p>There is a distinction on a legal and customary basis as to what a mere option is - and this isn't one. GRRM is committed to write an episode and to exec-produce. That is not a mere option. If George happens to call it that on his website in the subject line of his blog post - - sorry George, that isn't what an <em>option</em> is.</p><p></p><p>When writers and producers and exec producers for a project have been hired and they are looking for shooting locations - that's called pre-production.</p><p></p><p>It is not only casting and spending money on costumes, props and sets - which is what you may have come to think pre-production is. While that is pre-production as well - that does not make the current explorations any less steps in the pre-production process.</p><p></p><p>People get too involved with the term "greenlit". What is meant by greenlighting is that project funds are supplied for casting, principal photography, physical assets and post-production costs. That's greenlighting. </p><p></p><p>Sometimes it comes in stages. Weta Workshop created a boatload of propos and costumes before the movie itself was greenlit for actual casting and photography. The practice varies from film to film. </p><p></p><p>Greenlighting does not mean a mere commitment of money committed for pre-production exploration, expected casting costs, basic scripts and budget exploration. That's a separate set of costs authorized in film production without committing to <em>actual</em> production.</p></blockquote><p></p>
[QUOTE="Steel_Wind, post: 3288324, member: 20741"] Because when books or scripts get "optioned", they are preserved by a studio for a brief period of time to consider whether or not they will acquire the rights on an exclusive basis. That is a mere option. It is a legal exclusive interest which gives Party A the exclusive option to buy something from Party B during the term of the option. Mere options happen all the time anytime anyone reviews a script and they are hardly newsworthy. Options are somtimes paid for, but it is unusual to pay a lot for them. When you buy the rights, you buy them either outright or for a period of time, within which the licensed property must be filmed or the rights revert back to the author. Some people call this an option - but that isn't what it is. That's a rights acquisition for an agreed sum which may be defeasible on the happening of an event (failure to release a film by 2011, say)- a very different sort of deal than a mere option. I think DragonLance must have been optioned a dozen times before a movie deal was finally signed last year. The purchase of rights - which is what has happened in this case, is not a mere option. It does not necessarily commit the studio to production - but it is not a mere option. GRRM notes that the deal for the rights closed a few days back. There is a distinction on a legal and customary basis as to what a mere option is - and this isn't one. GRRM is committed to write an episode and to exec-produce. That is not a mere option. If George happens to call it that on his website in the subject line of his blog post - - sorry George, that isn't what an [I]option[/I] is. When writers and producers and exec producers for a project have been hired and they are looking for shooting locations - that's called pre-production. It is not only casting and spending money on costumes, props and sets - which is what you may have come to think pre-production is. While that is pre-production as well - that does not make the current explorations any less steps in the pre-production process. People get too involved with the term "greenlit". What is meant by greenlighting is that project funds are supplied for casting, principal photography, physical assets and post-production costs. That's greenlighting. Sometimes it comes in stages. Weta Workshop created a boatload of propos and costumes before the movie itself was greenlit for actual casting and photography. The practice varies from film to film. Greenlighting does not mean a mere commitment of money committed for pre-production exploration, expected casting costs, basic scripts and budget exploration. That's a separate set of costs authorized in film production without committing to [i]actual[/i] production. [/QUOTE]
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