Spec script

In 1933, Preston Sturges is believed to have sold the first spec script in Hollywood history. Fox bought The Power and the Glory for US$17,500 plus back-end revenue. The movie did poorly at the box office. However, in 2014 the film was selected for preservation in the National Film Registry. Spec scripts have not always held as much cachet in the business as they do now. Ernest Lehman describes how his original script for the 1959 film North by Northwest was unusual at that point in his career: In the late 1960s, William Goldman sold his spec script Butch Cassidy and the Sundance Kid to 20th Century Fox for US$400,000 in a studio bidding war. The script went on to win the Academy Award for Best Original Screenplay. This event precipitated a rise in screenwriters writing on spec. ==Attracting producers==

If the writer of a spec script has an agent, the agent will identify a number of prospective buyers who may range from small independent producers to executives working in the major studios, and attempt to build up "heat" under the script. The script may be sent out simultaneously to all the prospective buyers in the hope of attracting a bidding war. Outside of the traditional route of finding an agent, there are a number of competitions that a screenwriter can enter, such as the Nicholl Fellowship or Final Draft's Big Break Contest, among others. Another way a screenwriter could attract a producer is by paying a small fee and posting their screenplay on an "online posting." When using this service, a screenwriter posts their screenplay and after receiving feedback, if the screenplay is good, it will be posted to the service's main web site. ==See also==