I was curious if anyone knows – or, alternatively, if anyone knows of any trade-paper articles discussing this - how much an author can expect to make if by some great luck a story gets optioned by Wattpad Studios to become a movie or streaming series?
This assume Wattpad operates in a similar manner to regular Hollywood prodcos/studios. I assume, perhaps, the first step is an option. Then, it may go into development before expiration. After that, on day-one filming, does any more money change hands? Is there backend available? Before being optioned for filmed-entertainment, does it have to be published as a book? How exactly were the deals for Light/Feather and, I want to say, a movie called After? (May have the latter wrong, not sure if that is a Wattpad thing or not.) I wonder if the value for the authors mostly resulted from exposure that led to a lot of sales from literary sequels to the primary work (I hope not, I hope those writers did very well).
Obviously being on Wattpad is like buying a bunch of lottery tickets, using your time as currency instead of money. I most likely don’t need to know any of this. But I’m having fun with at least being as serious as I can about getting optioned such that I am curious about it…and the more info one has, the better off one is, no matter what.
Thank you for reading…