What is the main focus during the second phase of intellectual property acquisition?

During the second phase of intellectual property acquisition, the primary focus is on development. This phase involves taking the initial ideas or concepts that have been identified and refining them into a workable project. This can include drafting scripts, developing character arcs, conducting further research, and shaping the overall structure of the production.

At this stage, creators and project teams also work on securing the necessary rights and permissions, determining the budget, and outlining the production schedule. Development is critical because it sets the foundation for everything that follows—ensuring that the intellectual property is fully realized and ready for the actual production phase. This attention to developing the concept into a tangible and marketable project helps in addressing potential legal issues and in maximizing the creative potential of the idea before moving on to filming or other production activities.