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What does “optioned” for a movie really mean?

April 26, 2017mean movie optioned

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What does “optioned” for a movie really mean?

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It’s like calling dibs on a project. In my case, the production company who optioned the rights to my book is looking to partner with a studio. When they get studio interest, our contract has a provision for them to purchase the rights to the story and we’ll go from there.