Hi Franklin and Matthew,
Thank you kindly for the responses.
I am not really in the position to be paying even the minimum of a production budget for the script up front. I dont want to pay anything unless I make something myself. I suppose this depends on what the author says and wants.
My contact who spoke to the author a few days ago said he was very excited… but he may have been excited with dollar signs in his eyes, or perhaps at the idea of someone liking his book and wanting to breathe life into it again.
Its a good idea to have some tiny token of payment up front, just to formalise the relationship. Matthew, WRT the percentages, you mention 1-3% of the production budget – but wouldn’t the author be more comfortable getting some proportion of what I would get as scriptwriter? At least that way he knows my financial interest is also his.
Thanks again guys,
All the best,
Mark.