On Wednesday, my favorite Wall Street Journal (WSJ) writer, Jeffrey A. Trachtenberg (with Emily Steel), had an article about that decision by Meyer.
The part of the article I found most interesting was this:
Although all of Mrs. Meyer's books, including "The Host," a science-fiction title issued in May, have been published by Little, Brown in the U.S., the author had fulfilled her contractual obligations, which means she could have sold "Midnight Sun" to the highest bidder if she so chose. One literary agent estimates that Mrs. Meyer could have sold the domestic rights for that title alone for more than $5 million.It will be interesting to see if all the hoopla over the book raises that $5 million price, or leads Ms. Meyer to a new publishing home.
Read the entire WSJ article here.
2 comments:
Maya, I'm having a party over at my blog to launch Cafe au Lait and you're invited! It's on until Wednesday, so come on by and have a drink!
Re your post: those figures boggle the mind - well my mind, anyway. First time authors of romances (like me) are lucky to pull in a couple thousand, and I'm hearing talk about stopping advances altogether.
Congratulations, Liane. I am looking forward to reading Cafe au Lait.
I'll be by for that drink. I'm so happy for you.
Regards,
Maya
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