rights or screenplays are usually presented
to the producers for examination.
does having an "option" mean (in publishing
or in the film business)?
I've never understood what having an option
meant, like when a publishing drops your option
for your book. Or "Symone also has signed
an acting and producing deal with Disney that
includes a guaranteed pay or play on one movie,
with an option for a second. It is uncertain
whether "Babysitting" will be part
of that deal."
option is used this way.
Best Answer - Chosen by Asker
option is a legal right to do something. If
you have an option to produce a movie, no one
else can produce it while your option is open.
You usually pay for an option. Then no one can
produce (or whatever the option is) the movie
while you decide if you can get the financing,
actors, etc that you need. If you decide you
do not want to exercise your option, then you
can let it lapse. The project is then open for
grabs to others who might be interested.
having an option can be like having gold. If
you have an option on a book, to make a movie
and the book becomes a run-away best seller
while you still have the option, you are in
the money. Then you could sell your option if
you do not want to exercise it.