Welcome to Hollywood! Pendyne has made it to Hollywood. We are in! We also signed with an agent. We are heading to the movie business! |
| News and Events |
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| Tours and Book Shows Combined Book Exhibit: March 31 - April 3, 2008 London Book Fair April 14 - 16, 2008 |
| It's A Rap |
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| Contacts:
Author: D.A. Karr barrettbbear@sbcglobal.net Agent: Robert BTF Division robertwbtf@thescreenplayagency.com |
| The creation of any intellectual property creates a "bundle" of
rights. The bundle is divided into primary and secondary (or
subsidiary) rights, depending upon the original form of the work. In
this case, the original form is a book, and the primary rights are
those pertaining to the published book formats, while the secondary or
subsidiary rights are all those that pertain to works derived from
that original book, such as movies or stage plays.
The subsidiary or derivative rights to the book are severable and can be licensed separately. That is, one person could license the rights to make a motion picture from the book, while another could license the right to make a stage play, and yet a third could license the right to market a computer game based upon the book, and so on. The license fees and/or royalties to be paid to the owner of the rights are negotiable. The authors may have assigned the rights to the publisher when the publishing contract was signed for a consideration or a portion of future licensing, or the authors may have reserved the derivative rights, depending upon the terms agreed between them. You would have to approach the publisher and the authors or their representative (agent) to determine who owns the rights, which rights they would be willing to license, and the amount and structure of compensation. There is no standard offer. The value of the work is entirely defined by the market. The greater the number of people who are interested in the work, the greater its value. The terms of the license must be explicit as to the scope of the rights granted and the form and amount of compensation required. Are worldwide rights granted? How will profits be divided? Is there a time limit on the right? (Will it lapse if a project is not completed in a certain time, allowing the owners to grant a new license to someone else?) Can rights be reassigned by the licensee? (Can you contract with somebody else to make the movie?) In essence, the rights transferred and the conditions by which those rights are transferred are all negotiable. There is no magic formula. Contract law becomes the controlling factor at that point. Certain terms can be called standard, but everything is negotiable. Naturally, you would want to hire an experienced lawyer or agent to conduct the negotiations. See the articles at: SUBSIDIARY RIGHTS LICENSING: http://www.ivanhoffman.com/subsidiary.html LICENSING : http://www.ivanhoffman.com/licensing.html DERIVATIVE WORKS : http://www.ivanhoffman.com/derivative2.html PRIVATE LAWS : http://www.ivanhoffman.com/private.html |
| WANT TO KNOW ABOUT BUYING BOOK RIGHTS????? |