Aslam Shaikh
Business & Commercial Partner
Call/Text: +919821441521
email: aslam.metanabes@yahoo.com
email: metanabes@yahoo.com
Yes, your story/content is protected under copyright law once it is published.
Even if your story has been published in a newspaper, magazine, or website, it is fully safeguarded.
If your story is yet to be published, you can still keep it safe.
Writers have the option to publish their stories in any newspaper, magazine, or website independently.
If you encounter any challenges in doing so, Metanabes is happy to assist in publishing your work. Rest assured, your intellectual property is secure and protected once it is out in the public domain.
Indeed, there can be notable differences in the purchase price for book rights depending on the medium of adaptation.
When a book is being adapted for television, the amount provided to authors is generally lower compared to an adaptation for a feature film.
For television rights, the compensation may range from Rs. 2,00,000 to Rs. 5,00,000, depending on factors like whether it’s for a single episode, web movie, or an entire series.
This amount is typically less than what an author or life rights assigner would receive for the rights to a feature film adaptation.
The actual amount authors receive for film rights varies greatly and depends on the specific book, negotiations, and the production budget. Different rights come with different expenses, and a higher budget in film production could lead to a more substantial reward for the author.
Ultimately, the compensation for book rights is subject to individual arrangements and factors involved in the adaptation process.
To get started, simply reach out to Metanebs and provide them with details about your book or life rights.
Once you share this information, Metanebs will take care of the rest, handling the necessary processes on your behalf.
The earnings authors receive from movie deals vary significantly based on their rights agreements.
Movie rights are commonly optioned rather than outright purchased, allowing producers to secure sufficient funds for the film’s production.
A typical option contract may amount to approximately 2 lakhs to 10 lakhs for a three-year period, but this figure can vary considerably.
METANABES negotiating these contracts for authors, and charge a service fee 20% of total deal.
In cases where option deals expire, authors have the opportunity to resell the movie rights, potentially generating additional income.
The distinction between an Option Agreement and an Film Adoption or Sale of Book Agreement lies in their purpose and outcomes.
In an Option Agreement, the potential purchaser secures an exclusive right to purchase the rights to adapt the work into a Film/TV show/Web Series. However, this agreement does not immediately transfer ownership rights to the potential purchaser; instead, it allows them to reserve the rights for a limited time, exclusively with them. Ownership is only transferred when the potential purchaser exercises their option rights.
On the other hand, in an Film Adoption or Sale of Book Agreement, ownership rights are immediately transferred from the work’s owner to the purchaser on a mutually agreed date and under the terms of the agreement.
The fee paid for an Option Agreement, known as the Option Fee, is relatively small since it only reserves the rights for a limited period. In contrast, the fee for an Film Adoption or Sale of Book Agreement, called the Assignment Fee or Purchase Price, is significantly higher because it involves the actual transfer of ownership rights.
If the potential purchaser decides not to proceed with the project after entering into an Option Agreement, the only loss incurred is the Option Fee paid to the owner.
However, in the case of an Film Adoption or Sale of Book Agreement, the producer becomes the ultimate owner, and if the project fails, they would bear the full loss, including the Assignment Fee (and Option Fee if paid), which is substantially higher than the Option Fee.
Typically, the purchase price for book to film rights is around 2-3 percent of the production budget offered by the production company.
For instance, if the production budget for your book adaptation is Rs. 10 Cr, and your book is incredibly popular or a Bestseller, you may be offered 2-3% of the budget, which amounts to Rs. 20,00,000.
However, it’s common for the agreement to include a cap on the rights. For example, if the budget is Rs. 10 Cr but the cap for the book rights is set at Rs. 20,00,000, you would still receive only Rs. 20,00,000 even if the film budget increases, let’s say, to Rs. 30 Cr.
Nonetheless, this amount is still substantial and provides a fair compensation for the book-to-film adaptation.
Movies are frequently adapted from books due to the lower risk associated with their success.
The existing fan base of the book provides a built-in audience for the film, increasing its chances of connecting with viewers.
The power of social media enables fans to share information and excitement, further enhancing the potential for a successful film adaptation.
Additionally, production companies can save resources by utilizing the established plot from the book rather than creating a new one from scratch in-house.
An option agreement involves receiving payment for granting the right to adapt your book into a film, regardless of whether the production company proceeds with the actual movie production.
Essentially, authors / life rights assignor benefit from the agreement regardless of the film’s development. This will be for maximum 3 years.
The author / life rights assignor typically receives an option fee, which can range from about Rs. 50,000 to as much as Rs. 5,00,000, making it a favorable deal.
However, determining a standard average for how much book authors receive for film rights is challenging because it depends on the production company’s eagerness to secure the adaptation rights and the author’s interest in making a deal.
METANABES do this for authors / life rights assignors.
The highest prices paid for book movie rights can vary significantly and are often not publicly disclosed. The amount depends on the particular book and the circumstances surrounding it.
METANABES aims to negotiate favorable deals for both authors and filmmakers, striving to secure mutually beneficial agreements.
