Yes, but you are only looking at one side of the coin.
Well, I have been only asking for high priced screenplays/franchises. But what about the others like
$5 million: Deja Vu by Terry Rossio and Bill Marsilii[1]
Terry Rossio has worked his way up through the ranks. Starting in 1986 when he was a "hired gun" helping to edit the script for Disney's "Aladdin" (1986). He worked on a number of assignments before "Deja Vu" on which he is also a producer. Remember, producer's get a larger portion of the pie because it's another hat. Rossio has been involved in a number of high profile titles, like "Pirates of the Carribean" (2006). He didn't just appear on the scene.
$4 million: The Long Kiss Goodnight by Shane Black
Shane Black's first major feature was "Lethal Weapon". His story was taken by his agent to a producer Joel Silver who already had a pretty good record. He and Silver developed the script that was eventually sold to Warner Brothers and made into the movie back in 1986. He had a string of successes that led to his $4 M sale. Having an agent and contacts from UCLA was a major opportunity to starting his career. But at that juncture, his script would not have commanded a large price.
$3 million: Basic Instinct by Joe Eszterhas
Joe Eszterhas has led an interesting life. His first screenplay was "F.I.S.T." (1978). It starred Sylvester Stallone who also has credit as the co-writer. In 1976, Stallone wrote and acted in "Rocky" which was surprisingly successful. Joe's "Flashdance" (1983) helped to elevate his status. His connections helped to get "Music Box" made (1989). As many of these films earned awards, he could command higher prices.
$2.75 million: Mozart and the Whale (The Newports) by Ronald Bass. $2 million against $2,750,000.
Again, Ronald Bass was a novelist-turned-screenwriter. His first screenplays were adaptations of novels written by others--"Gardens of Stone", "Rain Man", "Sleeping with the Enemy", "The Joy Luck Club". I'm not putting down Mr. Bass' talent. It emphasizes what I've said before, being a novelist doesn't make a good screenwriter. His skill at translating others' works is a talent. According to IMDB, the estimated budget for the picture was $12 M. It's gross intake from five theaters was $36 K. It's good that the screenwriter was paid upfront.
$2.5 million: The Sixth Sense by M. Night Shyamalan and others
Shyamalan's first two pictures were not money makers. However, Shyamalan had won recognition at the Toronto Film festival. He was both actor, writer and director. His contacts allowed him to get his spec script read by then Disney film exec David Vogel. Vogel made an unprecedented decision to pay him the money AND let him direct. A decision for which Vogel was reportedly demoted. Again, Shyamalan wore multiple hats.
I actually have no idea about film shooting or anything technical.
That's why I am asking so many questions about the budgets and other info of production/distribution company; so that I could set up my own company and engage some talents to turn my idea into reality. But now I am thinking to pause the main(big) idea and garner some profits making some good low budget movies/selling some great screenplays meanwhile building some reputation/distribution contacts/knowledge before going for the big fish. I hope we will meet soon.
I am working on the step one for several projects. Will complete soon.
Thanks a lot.
Please realize that for an unknown writer to get instant riches is extremely unlikely. The examples you gave involve individuals who have paid their dues and have held multiple roles--writer, actor, director, producer. If you are looking to start your own company, educate yourself by taking a few film production courses. Not to get a degree, but so you aren't totally reliant on others. It will help you build a better business by understanding it.
Also realize that nobody here can give you perfect advice as there are hundreds of variables dependent on your personal situation. It is better to work with someone close to you who can give you personal advice and who is knowledgeable.
Again, don't be deceived by the big dollar signs. The law clerk is not paid as much as the CEO. Though s/he may work their way up the corporate ladder. I think you're wise to follow that approach. Networking with actors, directors, producers, and even crew is the secret to being successful. Work with independent filmmakers in your area. It doesn't take much to be a production assistant and learn about how the set operates. I have worked lights, sound, shooting, editing, acting and directing. All of those experiences have helped me better understand the industry and helped me as a writer--and vice versa. Being hands-on and educating yourself will save you many headaches later as you start your business and pursue your passion.
