I contacted a Hollywood Agent to attach a celb & they asked for an "official offer"?

I contacted a Hollywood Agent to attach a celb & they asked for an "official offer"?

I told them what I was offering and for how many days and they got back asking to send an official offer. What are they wanting exactly?
 
So I should go ahead and send a deal memo? I haven't even sent the script yet though. I told them my offer and asked if I could send the script, they then asked for an official offer.
 
No point in reading your script until they know you've got the money and are committed to paying it. If you come at them with the cash on a pay-or-play deal (meaning you're committed to paying the actor whether the film gets made or not), then they'll take the time to read the script.

If you don't have the cash in hand, and are instead counting on using the actor's name to raise the money, then the agent is pretty much telling you that isn't the way they're going to do it. They're asking you for a firm commitment on a legally binding contract with terms of exactly what will be paid and when, before they're going to go to step two.

It's a way to weed out the 1,000 wannabes from the one legitimate offer.
 
I told the agent it's not funded yet and they still want an official offer. I guess I got to draft something up, they seem really interested.
 
It does seem like a catch 22, but it is far less than you think. What I learned on my last flick is that actors, especially ones that aren't raking in millions of dollars want to work and their agents want them to work. If you have a good script, attaching actors is not difficult. But you do need the money. In my opinion, the smarter move is to make a list of the actors you want, present them to your investors, and see which actors will make your investors feel comfortable putting their money into. This also helps you weed out the "talkers" and the "do'ers" when it comes to investing. They commit to the investment, you go and attach the actors. What's the worst that could happen? The actors don't respond to your script, and you give the money back. Much harder to attach the actors with no money. Even if they love the project, their agents will only care about getting them paid.
 
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