Hollywood’s leading actor and Oscar award winner Leonardo DiCaprio’s production company’s one of the development executives Franklin Leonard started something called the Black List some 14 years ago.
Blacklist had around 250-260 contributors each of them contributing 10 scripts approximately. This happens every year. Every script is then upvoted. The compiler of the list ranks the scripts according to the votes they had received.
Producers then choose the scripts according to the ranked suggestions.
Aaron Sorkin Factor
One thing that challenges this method of selection and upvoting is that people are more likely to choose script by some established writer and not by a new entrant. This introduces some amount of bias into the rankings.
Recently a study by , HONG LUO, James Dinan and Elizabeth Miller Associate Professor of Business Administration, HBS, was made on the results of the box office collection of Hollywood movies.
The findings are as follows –
1. 30% of the movies in the list were selected for production compared to 15% from scripts outside the list.
2. The movies made from the list earned 90% more revenue, on an average than the movies from outside the list.