The Decline of Spec Script Sales in 2024

In recent years, the landscape of screenwriting and script sales has shifted significantly. Historically, many screenwriters broke into the industry by selling spec scripts—scripts written without a contract or agreement in place, hoping to attract buyers. However, the demand for spec scripts has decreased over time for a variety of reasons.

The decline in spec script sales is evident in the numbers. Scott Myers is a screenwriter (K-9, Alaska, Trojan War), assistant professor at the DePaul University School of Cinematic Arts, and host of the popular screenwriting blog “Go Into The Story” that dives into the numbers. According to Scott Myers’ tracking, spec script sales peaked in 1995 with 173 deals. In contrast, recent years have seen a significant drop:

• 2015: 55 spec script deals
• 2016: 75 spec script deals
• 2017: 62 spec script deals
• 2020: Only 25 spec scripts were sold, down from 32 in 2019

Streaming Platforms Disruption

One of the key factors is the changing business models in Hollywood and the rise of streaming platforms like Netflix, Amazon, and Hulu. These companies often prefer to develop their own content internally, either through exclusive deals with established writers or by commissioning projects from scratch rather than purchasing unsolicited scripts. In addition, studios are focusing more on properties with built-in fan bases, like adaptations of popular books, comic books, or video games, reducing the opportunity for new spec scripts to get attention.

While spec sales still happen, they are less common than in the past. Writers may find it more productive to pursue other avenues, such as writing for TV (where many spec scripts are still viable), networking with agents and managers, or entering screenwriting competitions to get noticed.

Reduced Activity of Major Studios in the Spec Market

The shift in the industry is further illustrated by the fact that major studios have become less active in the spec market. As Scott Myers notes, “Whereas in the past, they have been major players in the spec market, the studios have been less so the last few years which has contributed to a decline in overall spec deals.”

Screenwriters today are often encouraged to focus on building relationships in the industry, seeking representation from agents or managers, and pursuing television and digital media opportunities as a more reliable path to success. This shift is reflected in the changing nature of script sales. For instance, an average of 28-30 films go into production each year from scripts and writers found on platforms like InkTip, not including scripts that earn a writer representation or other work.

Despite the challenges, there’s still hope for the spec market. As Debbie Moon, creator of CBBC’s “Wolfblood,” suggests, “The market isn’t as buoyant as it once was, but inevitably, the pendulum will swing back the other way.” The key for aspiring screenwriters is to adapt to the new landscape while continuing to produce high-quality, original content.

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