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      "text": "One of the most misunderstood and misused phrases in the Hollywood lexicon is 'high concept.' The phrase was introduced by Michael for internal use by creative executives at Paramount as a guide for evaluating ideas, but it quickly spread throughout Hollywood and has since been widely misinterpreted and abused.",
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      "text": "Of course, this idea of internal development runs counter to the actions of many of our competitors, who have been paying $2-3 million for screenplays. While their willingness to pay such sums may be a sign of financial strength, it is also a blatant admission of creative bankruptcy.",
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      "text": "In a world where we can come up with our own idea and engage a young writer for $50,000-$70,000 or a proven writer for $250,000 to develop it, it is hard to understand how the amounts being paid for spec scripts can be justified.",
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      "text": "The Lowdown on High Concept",
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