The theatrical marketplace involves significant risk due to the amount of investment required to execute a movie project. As film producer John Sacchi explains, books are becoming more and more viable as great source material for film and TV because they can help reduce the amount of risk involved. Books with a track record of success provide a strong foundation for the story line, have an established audience or following, and may already have some awareness in the marketplace. Decision- makers in the movie business, such as distributors, buyers, film producers, or TV producers, are always looking for the next big IP, which sometimes presents itself in the form of a book.
IP = Intellectual property in this instance. Your intellectual property is your book content, which is automatically protected by copyright at the time of creation. It can also include brand names, logos, characters, etc. Here are some additional resources on the ALC that you might find helpful:
https://www.authorlearningcenter.com/publishing/legal/w/intellectual-property-rights/6325/copyright-and-intellectual-property-basics-for-writers---recorded-webinar
https://www.authorlearningcenter.com/publishing/legal/w/intellectual-property-rights/7550/intellectual-property-and-how-it-pertains-to-authors
https://www.authorlearningcenter.com/publishing/legal/w/copyright/7549/the-benefits-of-registering-the-copyright-for-an-author-s-work
I thought IP meant indie project but I could be wrong.
pre-awareness while writing my books? The next IP? Some help with definitions (intellectual property is what is claimed to be "the next millionaire maker" since regular employment or jobs no longer lead to considerable wealth without risk in the market place.)