Scribd
Upload
72 views3 pages

Film Rights Acquisition Agreement Dennis Gazarek

Uploaded by

Benjamin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
72 views3 pages

Film Rights Acquisition Agreement Dennis Gazarek

Uploaded by

Benjamin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

FILM RIGHTS ACQUISITION AGREEMENT

This Agreement is made and entered into between Columbia Pictures, HBO, and Dennis Gazarek
regarding the acquisition of the film rights for the project provisionally titled “Whacked!”.

RECITALS:
WHEREAS Party A is the author and copyright holder of the literary work titled “Whacked!”;
WHEREAS, Party B, HBO Max a leading global streaming platform, is interested in acquiring the
exclusive film rights to adapt the Work into audiovisual content for distribution on its platform;
WHEREAS, Party C, Columbia Pictures, a reputable production company, will be responsible for
producing the film adaptation of the Work;
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein,
the Parties agree as follows:

1. Film Rights Acquisition: HBO offers to acquire the exclusive rights to produce, distribute, and
exploit the film adaptation of the project provisionally titled “Whacked!”.

2. Acquisition Offer: Party B, HBO offers to purchase the film rights for the Project for a total
consideration of three hundred thousand dollars ($300,000). This offer is contingent upon the
acceptance of the terms outlined in this Agreement.

3. Royalties: Owner shall receive twenty five percent (25%) of the net revenue generated by HBO
from each view or distribution of the Project. Royalties shall be calculated and paid to Owner on
a regular basis, as specified in a separate royalty payment schedule.

New York, 30 Hudson Yards, United States www.hbo.com


4. Movie Production: HBO expresses the intention to produce a movie based on the Project. The
owner acknowledges and agrees to collaborate with HBO to develop and create the movie. HBO
will consult with Owner on the creative direction and involvement for the film.

5. Production Involvement and License: Owner shall be invited to actively participate and
collaborate during the research and production phases of the Project. Owner's insights and
contributions shall be welcomed to ensure the Project's authenticity and alignment with the original
vision. The owner is granted a license to be present during production research and production
itself.

6. Production Credit: Party B agrees to provide an appropriate production credit to Party A as


the author of the Work in all materials related to the Project, including but not limited to film
credits, promotional materials, and advertising.

7. Copyright Ownership: Owner retains full ownership of the copyright to the Project. HBO is
acquiring the exclusive rights to produce, distribute, and exploit the film adaptation of the Project,
while the underlying copyright remains with Owner.

8. Confidentiality: Both parties acknowledge and agree to maintain the confidentiality of any
proprietary information shared during the course of collaboration.

9. Representations and Warranties: 9.1 Party A represents and warrants that they are the lawful
owner of the copyright in the Work and that the rights granted herein do not infringe upon the
rights of any third party.

9.2 Party B represents and warrants that it has the authority to enter into this Agreement and that
it possesses the financial capability to fulfill its obligations as outlined herein.

10. Creation of Materials: In order to proceed with the acquisition of the Book's rights and the
production of the cinematic project, HBO requires the creation of marketing evaluation, and a film
pitch deck. The author shall be responsible for creating the materials in accordance with the
specifications provided by HBO. The author shall ensure that the materials are of high quality and
are aligned with the vision of the book's cinematic adaptation.

New York, 30 Hudson Yards, United States www.hbo.com


11. Production by Columbia Pictures: Columbia Pictures shall be the entity responsible for
producing the film adaptation of the Work. Party A acknowledges and agrees to cooperate with
Columbia Pictures and their creative team to bring the Project to life.

12. Entire Agreement: This Agreement constitutes the entire understanding between the parties
and supersedes all prior agreements, understandings, or representations.

13. Governing Law: This Agreement has been entered into in the State of California, USA, and
shall be construed and enforced under and subject to the laws of said state. Each Party irrevocably
consents to the jurisdiction of the courts located within such a state. Should there be any dispute
between the Parties concerning the interpretation of this Agreement or concerning an alleged
breach of this Agreement, that the Parties are unable to resolve in consultation with each other,
such dispute shall be decided by arbitration pursuant to the regulations and procedures of the
American Arbitration Association in Los Angeles, California. The Parties agree that any award
rendered by the American Arbitration Association may be entered in the appropriate state or
federal court located within the state of California.

IN WITNESS WHEREOF, the Parties hereto will execute this Agreement with the Effective Date
of 25th of April, 2024.

Casey Bloys
Chief Executive Officer of HBO

Sanford Panitch
President of Columbia Pictures

Dennis Gazarek
Author’s Signature

New York, 30 Hudson Yards, United States www.hbo.com

You might also like