How to Buy Film Rights: 5 Simple Steps

How to Buy Film Rights: 5 Simple Steps

Bollywood is getting inspired by new innovative ideas and is trying to weave stories that touch the audiences’ hearts. When these movies gain all the praises and are termed as a success, many sources try to buy movie rights from the original creator that is the producer of the film.

Over here, we’ll enlighten you about how movies rights are bought and what you need to know before doing the deed. There are two ways to go about it, first is contacting the producer of the film who has the movie rights or the producer’s legal advisor. But before jumping from haste to waste, let’s utilize some time to understand how the procedure to buy movie rights work.

1) Get in touch with a lawyer who is well-versed with the entertainment industry and understands the legal procedure of film rights.

2) This is the big step when you arrange a meeting with the film’s producer or concerned person who has the authority to call the shots. Be prepared with your answers and practice them thoroughly before the final meet as any careless words thrown around can cost you the deal heavily.

3) Then comes the contract that rings a bell of discipline in you. Just what Mutual Fund says – please read the offered document carefully before saying yes. Similarly, if you think any terms and conditions might land you in a soup, refrain from it and consult your lawyer for advice.

4) For everything you’ll have to pay a price and keeping that in mind you’ll have to pay some amount of money to the film producer to buy his movie rights. You can even purchase film distribution rights from the producer and make it available to entities. But before doing that, make sure you get the nod of the film’s original creator.

5) A producer can give you the rights of his film for certain duration; however make sure you don’t go beyond the stipulated time-frame.