What happens to a company’s stock options when the company is acquired by either a private or public company?

Todd S asked: In other words, if I buy a call option that expires in January 2010, and the company is aquired before that time, what happens to my right to buy shares in the acquired company? Am I compensated for the call option at the time of the acquisition? If so, at [...]

do movie producers have to pay back investors and the studio?

racer10 asked: movie producer get’s funds from
investors, studio, etc.
the movie doesn’t do good
are movie producers obligated to give back the money to investors and to the studio?