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For decades people have enjoyed movies whether going to the theatre, renting, and now streaming. Films are a part of pop culture and social settings. So why not make money from them too?
Film rights are the rights under copyright law to produce as a derivative work of a given form of intellectual property.
Who owns films rights? The copyright in a film is generally owned by the person who arranged for the film to be made, ( the producer, the production company, or the person or company who commissions the film). Otherwise, a different agreement was made.
How much do film rights costs on average?
Generally, film licensing ranges from $300 to $2,000. Certain factors determine the price which can be the number of people in attendance, location, application, revenue from ticket sales, and the film being displayed.
How Can Money Be Made From Film Rights? For example, at 2 percent, when a film is budgeted at $10 million, on the first day of principal photography you get a check for $200,000. Therefore, if the cap is $225,000, that means even if the film is made for $50 million, your fee is still $225,000.
Film rights last for the life of the author plus an additional 70 years. This was established as a general rule for works created after January 1, 1978. In a previous post I discussed how one can purchase music rights on Royalty Exchange. Well now Royalty Exchange offers film rights. Go to the Royalty Exchange site @ http://www.royaltyexchange.com
This video below is a refresher on Royalty Exchange for those who are not familiar with it.
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