[Guest]

If one of us was approached by a representative who expressed interest in our material, and we were offered a deal, and we didn't want to hire a agent to negotiate the deal (thus saving the 10 or 15% there)... does anyone know what the industry standard offer would be? In dollars or percentages for any length of novel/production?

 

[jackz4000]

If one of us was approached by a representative who expressed interest in our material, and we were offered a deal, and we didn't want to hire a agent to negotiate the deal (thus saving the 10 or 15% there)... does anyone know what the industry standard offer would be? In dollars or percentages for any length of novel/production?

Since you don't know anything about film rights, contracts and dealing with Hollywood get an agent or IP lawyer if you have an offer. Forget the idea you are saving money, since you don't know how Hollywood rights/options deals work you will get killed.

Option rights are a bit easier, usually, but get a pro since you'll get a better deal. Industry standards? Usually they will pay you as little as they can. Honestly, if you don't have an offer--don't think about it. If you get an offer--get help.

 

[Shaun Jeffrey]

I don't believe there is an industry standard. Some people sell rights for a dollar, others for nothing, and some for hundreds of thousands. All deals are dealt with on an individual basis, and depend on the company you're dealing with. For my own deal with an independent production company I was paid for the option on the book, and then again when the option was realised, plus I get a percentage. Oh, and I had a plane ticket for a trip to the US from the UK to see some of the shoot 

 

[alex.metcalf]

Just want to second Shaun on this.
There's no such thing as an industry "standard". Bestellers get optioned for tens of thousands...unknown novels get optioned for single digits.
The important thing is, if you get an offer, get an entertainment/IP lawyer. They'll usually work for 5% of the eventual deal.
And you can't get by without one.

 

[Carol (was Dara)]

What Alex said about getting a lawyer who specializes in that area.