I know they can license *existing* IPs, but for *new* IPs, do they have a team of writers who just come up with new stuff, or do they go out looking for people with ideas? Or do people with new ideas shop their ideas around movie, TV, or game studios and hope someone is interested?
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Not typically. Usually, they let agents know that they want to take story pitches from story writers. The offer terms, and if the author thinks the terms are reasonable, they come and pitch their original story. There might be some negotiation to get to a specific price, and then they license the story from the author.
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