<P> A spec script, also known as a speculative screenplay, is a non-commissioned and unsolicited screenplay . It is usually written by a screenwriter who hopes to have the script optioned and eventually purchased by a producer, production company, or studio . </P> <P> Spec scripts which have gone on to win Academy Awards include Thelma & Louise (sold by Callie Khouri to MGM for US $500,000 in 1990), Good Will Hunting (sold by Matt Damon and Ben Affleck to Miramax Films for US $675,000 in 1994) and American Beauty (sold by Alan Ball to DreamWorks SKG for US $250,000 in 1998). </P>

What does it mean to write on spec
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