With careful management, though, there’s no reason this amount of money couldn’t bridge a strong writer to the next payday.īut if that writer immediately bought a Bugatti, and put a down payment on a new house, and got his girlfriend a 20-thousand-dollar engagement ring – maybe not.
Maybe another two years go by and still no new sale has come in. It’s not like Deadline announces the deal on Monday and you get the check on Friday.įurther, can any screenwriter bank on making a sale like this every year? Probably not.
#SCRIPT STUDIO SALE PRO#
But consider this – most deals on the pro level take months (sometimes six months or more) to negotiate, before anyone gets money in the bank.
Still a lot of money, by any measure, absolutely.
That leaves the screenwriter with 183.75 thousand. That’s another 78.75 thousand subtracted from the 262.5. Anyone earning 262.5 thousand dollars in a year is going to be in a high tax bracket.Īs of 2018, an individual earning more than 200 thousand dollars in a year will pay approximately 35% of that income in taxes, per Forbes analysis of the most recent IRS brackets. That leaves behind 262.5 thousand dollars. So, working off that 350 thousand figure, we’ve just chopped down 35 thousand, another 35 thousand, and another 17.5 thousand. This is the standard operating practice of the industry (agent and manager each take 10%, attorney takes 5%). Verve takes 10%, Circle of Confusion takes 10%, and Alex Cramer’s attorney takes 5%. Here’s what that really means, working off the 350 thousand figure. The article also mentions this is a first spec sale for Cramer, who was represented during the sale by Verve, Circle of Confusion and an attorney. So, let’s say, for argument’s sake, this sale was for 350 thousand dollars or more. Deadline reported the deal as six-figures. Let’s take an example sale and walk through it, and sadly observe the money get chopped away on that screenplay sale.Įarlier this year, Global Road bought the spec screenplay “Rawhide Down” from screenwriter Alex Cramer. Unfortunately, the economics of screenwriting are challenging for most people who do it, and that includes working pros.
You sold a screenplay! Congratulations! Back up those money trucks, it’s time to buy the Ferrari, get a private jet, and spend the rest of your days lounging by the pool fielding offers.
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