Breaking with longstanding industry practices, Condé Nast is seeking to cut itself in on its writers’ potential film and television deals. In the process, it would slice writers’ share of potential film and television income to freelance works appearing in its magazines by more than 50%. Its new boilerplate contract — introduced last year — would give the company a free, exclusive 12-month right to option dramatic and multimedia rights. Under the contract, Condé Nast could choose to extend that option by up to 24 months for a modest sum.
Should Condé Nast exercise the option, the writer would, under boilerplate terms, be paid just 1% of the film or tv production budget. Negotiated film and tv agreements typically pay the author 2.5% or more of the production budget.
Agents and writers are pushing back, with some success. Since Condé Nast owns such leading publications as Bon Appétit, GQ, The New Yorker, Self, Vanity Fair, Vogue, and Wired, among others, authors with significant negotiating clout are affected. Reportedly, some of those authors have been able to substantially alter or eliminate the option terms of the new boilerplate agreement.
Christine Haughney of the New York Times writes about the contract and dispute today in an article that quotes Jan Constantine, the Authors Guild’s general counsel.