Screenwriter's salary

• Against: A word used to describe a script's unproduced price relative to its value if approved for production—for example, if a script is sold for $300,000, but the writer gains an extra $200,000 if it leads to production, the screenwriter's salary is described as "$300,000 against $500,000".
• Option: If a script is not purchased, it may be optioned. An option is money paid in exchange for the right (the "option") to produce—and therefore to purchase outright—a screenplay, treatment, or other work within a certain period.
• Feature assignment: The writer writes the script on assignment under contract with a studio, production company, or individual.
• Pitch: The writer holds a five- to twenty-minute presentation of the film to buyers in a short meeting.
• Rewriting: The writer rewrites someone else's script for pay. The writer pitches their "take", much like they would an original pitch.
• Spec script: Short for "speculative" or "on speculation" as in; "She wrote her script on spec". The writer writes the script (original or someone else's idea) without being paid, and, subsequently, tries to sell it.

• 1900: One of America's first screenwriters, New York journalist Roy McCardell, is hired to write ten scenarios (each about 90 seconds long) for $15 each (equivalent to $489 in 2021).[1]
• 1949: Ben Hecht is paid $10,000 a week (about $113,888 in 2021).[2] Claims David O. Selznick paid him $3,500 a day (about $39,900 in 2021).
• 1984: Shane Black sells the screenplay to Lethal Weapon for $250,000.
• 1989: During the 1988 strike, John Raffo, sold his female-courier-has-to-take-a-cure-across-state-lines sci-fi spec script Pincushion to Columbia for $500,000.
• 1990: Kathy McWorter, who was promoted by her agent as a 21-year-old wunderkind, though in fact she was 28 years old, sells her sex comedy The Cheese Stands Alone for $1 million.[3] This was followed by nuclear-terrorist technothriller The Ultimatum by Laurence Dworet and Robert Roy Pool and WWII action comedy Hell Bent... and Back! by Doug Richardson and Rick Jaffa, both of which sold for a million dollars. None of these movies has been produced so far.
• 1992: Sherry Lansing is hired [4]to run Paramount and spends $3.6 million in less than a week, $2.5 million for a two-page outline of Jade by Joe Eszterhas,[5] and $1.1 million (about $1,968,366 in 2018) for the script Milk Money by John Mattson.[6]Both deals are records, respectively, for outlines and romantic comedy specs.
• 2005: Terry Rossio and Bill Marsilii are paid $3 million against $5 million for the script of Deja Vu.[7]

Some of the highest amounts paid to writers for spec screenplays:

$5 million:

• Deja Vu by Terry Rossio and Bill Marsilii[7]

$2 million:

• Arthur & Lancelot (unproduced) by David Dobkin[8]

$1 million:

• Milk Money by John Mattson ($1.1 million, outright purchase[6])
• Epsilon (unproduced) by Rhett Reese and Paul Wernick[9] ("Sources say the Sony deal closed in the $1 million range."[9])
• The Imitation Game by Graham Moore, at "seven figures" to Warner Brothers[10]

• Spec Script Sales Analysis 2008: Top Sales