Dont tell me he sold the rights to WB
That is the question I am asking.
It’s 2021 and people still don’t know how things work.
Ice Cube wants to do a movie. He has a few options. 100% finance it himself and then find a distributor and marketer to promote it, put it out and split the profits with, find independent financiers or individuals who give him money in exchange for a percentage, or take your idea and script to movie studios and pitch it to them.
In the case of Friday, they took the last option. New Line Cinema (which has been owned by WB since 1994) “bought” the movie, which means they own it, and are responsible for all the money it takes to make, promote and deliver a movie.
The only way to maintain ownership of a property or its rights is to completely make it yourself and not accept any outside money.