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film or television project pays a development fee to the writer or producer for the right to have the first look at the new material before others in the industry get to see it, and at that time make an offer to purchase or distribute or adhere to purchasing or distribution terms already stated in
42:, or right of first offer (also called a right of first negotiation) to another party, who then is given the first opportunity to buy outright, co-own, invest in, license, etc., something that is newly coming into existence or on the market for the first time or after an absence, such as
133:"First look deal. A contractual agreement between a studio and independent producer that the studio have first rights to consider a film by that producer for production and/or distribution by giving financial support during the development period."
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the agreement. If the studio or company is not interested in the project, the nature of the deal allows the developer to take the project to other potential buyers.
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is any contract containing a clause granting, usually for a fee or other consideration that covers a specified period of time, a
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This article related to film or motion picture terminology is a
145:"First-Look Deals: How Much, Who's Getting Them and Why"
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