Amazon Studios invites film script writers for submissions.
They will have a chance to earn either $10 000 or $200,000 with their scripts.
Amazon Movie Studios?
Yes, Amazon is accepting scripts and full-length movies from amateur filmmakers, with Amazon intending on producing theatrical films from the winning ideas.
By submitting a script to the program, the writer grants Amazon Studios a free 45 days option on the script (down from 18 months, a steep reduction). If the script is deemed interesting by Amazon, they might then buy an 18 months option for $10 000. If they then decide to turn it into a movie, they buy the rights to a movie for $200 000. All money resulting from prizes won by the movie goes to the writer and if the movie makes over $60 million in US box office, the writer gets an additional $400 000.
If a revised script is selected, the writer keeps the initial $10 000 or $200 000 fee for his script and shares any prize money with the reviser on a 50-50 basis.
For scripts passing the first hurdle, Amazon Studios will run tests with the public to find out it the script generates interest. Based on the feedback from the public, Amazon Studios will decide whether or not to turn it into a movie. The rational behind their system is to create a crowd base selection system for script as opposed to the current selection system through agents and production companies.
For a book writer, this means that they retain all rights on the book and are only selling the rights to the script. When looking for a publisher, being in a position to say that the script based on the book has been shortlisted by Amazon Studios catapults the chances for a lucrative book contract to the top.
But that’s not all: Amazon is calling artists too!