Turnaround (film)
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In film production, turnaround or turnaround deal is an arrangement in the film industry, where the rights to a project one studio has developed are sold to another studio in exchange for the cost of development.
Examples of films put into turnaround include: E.T. (from Columbia to Universal); Speed (Paramount to Fox); and Forrest Gump (sold by Warner Bros. to Paramount in exchange for the rights to Executive Decision and $600,000 in cash).
In certain situations the option to a screenplay may have expired, and instead of renewing at one studio, the option will be renewed at another studio according to the terms of the deal.[citation needed]
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