Here’s a curious new business model in Hollywood – buying and re-adapting “rejected” (or “dead”) scripts, as explained by Alexandra Alter and Brooks Barnes in Sunday Business in the New York Times, july 24, 2016. Story here.
The Start-Up is called “Adaptive Studios”.
A few of film projects with this model will be “Coin Heist”, “Mary Rose”, and “The Silence of Six” (which may vaguely resemble the Texas-made “Jackrabbit” which I reviewed on Wordpress yesterday).
The company is said to be reviving “Project Greenlight”, in which I have participated before. I’ll have to look into this.
The company also works with Barnes and Noble and with some book authors, mostly in genre fiction (horror, fantasy, sci-fi, etc), stuff that gets “pimped” on Amazon and YouTube (and especially Twitter) a lot these days. There are serious issues with author control of the material, and about intellectual property ownership.
The business model helps reinforce the old "Third Party Rule" in Hollywood, that scripts have to go through "third party agents" (a lot of them on Wilshire Blvd) to project intellectual property. That seems obsolete in the say of super-indie film and Internet-published screenplays,
I do wonder how my scripts like "Do Ask, Do Tell: Epiphany" and "Titanium" would fare.
Reminder: Most of my larger new reviews are being done on Wordpress ("Bill's Media Commentary").