It’s long been spoken around Hollywood that the spec script market is dying. But a recent bidding war over Shawn Christensen’s script “Abduction,” followed by a hot, million-dollar sale to Lionsgate, has suggested that maybe things are ready to perk up again.
A script written “on spec” means that the writer has written it with no promise of compensation, as opposed to it being written on assignment (a company is paying the writer to write a specific idea or story). An agent, manager or other representative of the script will circulate it to buyers (in industry parlance is this known as “going out with the script”) in hopes of making a sale. The attachment of a high-wattage star, or an A-list director, will often sweeten the deal.
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