Not sure what an overall deal or first-look deal are? Or why some writers and producers get them? We got you covered. Perhaps you've noticed the big headlines recently, "Benioff and Weiss sign an overall deal at Netflix," or you remember in 2018 when Ryan Murphy and Shonda Rhimes signed similar fair at the streamer. These deals cover hundreds of millions of dollars and lots of your favorite – or soon to be favorite – TV shows and movies. But what do they actually mean? Today, we're going to define overall deals, first-look deals, and talk about how these deals happen in Hollywood. What is an overall deal? An overall deal is an agreement between a creator and a studio where the studio financially compensates the creator and/or their company to then own the ideas they create while under this deal. Anything created while this deal is signed stays within the studio that owns it. It cannot be shopped elsewhere, even if the studio passes on that project. These deals usually cover television shows, and not so much feature films. Read More...
Published By: NoFilmSchool - Thursday, 8 August, 2019