September 2024
Intermediate to advanced
644 pages
25h 58m
English
Content preview from The Business of Television, 2nd Edition
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5Underlying Rights Deals
Having laid out the basic legal context for underlying rights agreements, we can now turn our attention to the agreements themselves. The standard mechanism by which a studio gets the right to adapt a preexisting piece of intellectual property is an option/purchase agreementAn agreement by which a buyer (in the television context, typically a studio) acquires the exclusive and irrevocable right, for a specified period of time, to purchase certain specified rights in a given property, on pre-negotiated terms, an agreement by which a buyer (in this case, the studio) acquires the exclusive and irrevocable right, for a specified period of time, to purchase certain specified rights in a defined ...
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