Tuesday, November 1, 2011

Now Is The Time To Sell Your Script

In a stunning turn of fortune, original scripts are being bought at an unprecedented rate, meaning if you have an original script idea, now is the time to shop it around.

Script writing is a real hit-or-miss prospect. Even if you have been hired to write a new script there is no guarantee they will like your work, or that your name will appear in lights (not that writers get that sort of billing anyway.) When you write a script on spec, meaning you write a script just because you have a good idea and want to shop it around for a buyer, your chances of success are even lower.

Hollywood has apparently tired of the same-old, same-old, and started looking for original screenplays which would turn into blockbuster films. This is good news for independent screenwriters, or anyone who thinks they have a great idea for a script. The market is finally showing signs of growth; doors are finally opening as opposed to the past few years when the doors seemed nailed shut.

No fewer than 18 spec scripts -- screenplays written without a contract -- were sold in October. That's the highest monthly tally since before the Writers Guild strike in 2007-2008.

The projects range from a biopic about code-cracking mathematician Alan Turing to a "found footage" thriller centering on killer hurricanes to a relationship counselor comedy that will likely star Ken Jeong of "The Hangover."

"We already knew that 2011 was going to be the hottest spec market in five years, but October's numbers are beyond all expectations," said Jason Scoggins, author of the Scoggins Report and founder of ItsontheGrid.com, a division of TheWrap. "And when you add in pitch sales, buyers' appetites have never been stronger."

In a robust sign of health for long-neglected screenwriters, studios are competing to bid for the hottest scripts and pitches.

In total, 86 spec scripts have been snatched up through October -- more than the number that sold in all of 2009 or 2010.

Click here to read more about the state of scripts on spec.

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