spec scripts
October 26, 2023 | IN | WRITTEN BY Randy Holland
A spec script, also known as a speculative screenplay, is a non-commissioned unsolicited screenplay. It is usually written by a screenwriter who hopes to have the script optioned and eventually purchased by a producer, production company, or studio. Spec scripts which have gone on to win Academy Awards include: Thelma & Louise (sold by Callie Khouri to Ridley Scott’s production company for $500,000 in 1990); Good Will Hunting (sold by Matt Damon and Ben Affleck to Castle Rock Entertainment for $675,000 in 1994); and American Beauty (sold by Alan Ball to DreamWorks Studios for $250,000 in 1998).
