Film rights are rights under
copyright laws to produce a
derivative work (a film in this case) based on an item of
intellectual property. According to U.S. law, these belong to the holder of the copyright, who may sell or
option them to someone in the film industry (a
producer or
director or sometimes a specialist broker of such properties) who will then try to gather the other professionals and secure the financial backing needed to convert the property into a film. This is different from the right to exhibit a finished motion picture commercially to an audience; this is usually referred to as "exhibition rights" or "public performance rights".