Chapter 79.1: But What Publishers Really Want to Do Is Direct

An article in the New York Times about a month ago noted an interesting development in film and book publishing. For years, book publishers weren't getting much if any of the Hollywood rights when books went to film. Now Simon & Schuster is getting a piece of the movie pie.

The book publisher now has a deal with a Hollywood management company, the Gotham Group, which seems to put the movie and book rights in the same hands. All I have to go on here is this article, but it seems that S&S is putting itself in a very risky position. How many of their books can honestly be expected to produce profitable films? And is Hollywood's notorious accounting going to wreck havoc on one of the world's largest book publishers?

I could well be naive, but I can't imagine this "end-in-mind" deal is in place for all its Young Adult books. Indeed, the article suggests that whether a book gets made into a film will now be decided well ahead of the game.

So what does this mean for people who want to option the rights to books? Will there be fewer books that get made into films? (Doubtful.) Will it be more expensive to acquire film rights for independent filmmakers? (Somehow, I don't think most indies are going after the same books as S&S and other major publishers.) And will the writer get more out of this? That's really what I want to know.

Somehow, I doubt the poor schlub writer will come out of this with much more money.