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Option (filmmaking)
In the film industry, an option is a contractual agreement between a potential film producer (such as a movie studio, a production company, or an individual) and a writer or third party holding ownership of a screenplay.
==Overview==
The agreement details the exclusive rights, including the specified time period and financial obligations. The producer usually has to advance the essential elements, such as financing and/or talent, towards the creation of a film based on the screenplay. Similarly, producers can also option books, articles, video games, songs, or any other conceivable works of intellectual property. A separate deal would be made with a screenwriter to write the screenplay—this is not an option.
Financially, the contract qualifies as an option and may be valued by applying real options analysis.〔Don Chance, Eric Hillebrand and Jimmy Hilliard (2009). (Pricing options on film revenue ), ''Risk'' 22, 80-86.〕〔S. Young, J. Gong, and W. Van der Stede (2012). (Using real options to make decisions in the motion picture industry ). Strategic finance . pp. 53-59.〕〔J. Gong, J. Jianxin, S. Young, and W. Van der Stede (2011). (Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels ). Contemporary Accounting Research, Vol. 28, No. 5, pp. 1438-1466, Winter 2011.〕
The term is often used as a verb in Hollywood. For example, "Paramount optioned the short story by Philip K. Dick."
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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