What Does “On Spec” Mean for Screenwriters?
If you’re a screenwriter, you’ve probably heard the term “writing on spec” before. It’s shorthand for writing a screenplay without a guaranteed buyer or upfront payment. Instead, you’re betting that your finished script will attract producers, financiers, or studios.
In a time when development funding seems to have all but vanished, more writers are finding themselves in a position where they have to spec scripts if they want to get noticed. But is writing on spec always a good idea?
Let’s break it down.
Why Should Writers Write on Spec?
There are several key reasons why writing on spec is still a valuable strategy:
- It Showcases Your Talent
- If you don’t already have a track record, a well-executed spec script is a powerful calling card. It can open doors to meetings, representation, and potential writing assignments.
- It Gives You Creative Freedom
- Unlike commissioned work, a spec script allows you to write exactly what you want, without interference from producers or executives. It’s your vision, unfiltered.
- It Can Lead to Paid Work
- Even if your script doesn’t sell, it can land you a rewrite gig, an adaptation project, or a staff writing position on a show. Many working screenwriters break into the industry this way.
- Producers Want Ready-Made Projects
- With studios and production companies slashing development budgets, they increasingly favour fully developed, ready-to-go scripts over paying writers to develop ideas from scratch.
- The Market Is Shifting
- Streaming services and indie producers are constantly hunting for fresh, unique scripts. A strong spec can put you in front of decision-makers looking for their next big project.
When Shouldn’t You Write on Spec?
While spec writing has its advantages, there are times when it’s not the best use of your time:
- If the Project Is Too Niche
- If your idea is so obscure that it has no clear audience or market, you might struggle to generate industry interest. Research market trends before committing months to a spec.
- If You’re Writing for a Specific Franchise
- Want to write the next Marvel movie? Or a sequel to your favorite Netflix hit? Unless you’re officially hired, studios won’t even read your script due to legal issues.
- If You Have Paying Opportunities
- If you’re already being offered paid writing assignments, consulting work, or ghostwriting gigs, it might make more sense to prioritise guaranteed income over a speculative gamble.
- If You’re Expecting a Quick Sale
- Selling a spec script is tough, and most don’t get sold at all. Even if your script gets optioned, it could take years before production happens—if at all.
Where Did Development Funding Go?
One of the biggest challenges facing screenwriters today is the disappearance of traditional development funding.
A decade ago, it was common for studios, broadcasters, and production companies to pay writers to develop scripts. Today, that money has dried up. Why?
- Studios and streamers are focused on proven IP (intellectual property) rather than original scripts.
- Risk-averse investors want packaged projects with A-list talent and attached financing.
- Global competition has intensified, and companies would rather acquire finished projects than fund the uncertain early stages.
- COVID-19 and economic downturns forced cost-cutting across the industry, and development budgets never recovered.
As a result, the burden of development has shifted to writers and independent producers. This makes spec writing a necessary evil for many writers—but also a potential opportunity for those willing to take the risk.
Final Thoughts: Should You Write on Spec?
Writing on spec is a high-risk, high-reward strategy. If you’re early in your career, it can be a crucial stepping stone. Even for experienced writers, it’s often the only way to get original work noticed.
However, if you have paying opportunities or a clear path to commissioned work, prioritise projects that guarantee income. Spec scripts should be strategic investments—not desperation plays.
As development funding continues to shrink, writers must adapt. The best approach? Stay informed, know your market, and always have a plan for how your spec script will get into the right hands.
What’s Your Take?
Have you written a spec script? Was it worth it? Share your experiences in the comments or connect with us on Instagram @YourScriptToScreen!
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