Selling Rights You Did Not Know You Had
I remember sitting in a windowless boardroom in Soho, watching a mid-list author sign away her life’s work because she thought a “global deal” sounded prestigious. She was so enamored with the prestige of the imprint that she didn’t stop to ask how rights are split across different territories and formats. By the time she realized she’d accidentally handed over her film and translation rights for a pittance, the ink was dry and the publisher was already moving on to the next big thing. It wasn’t a lack of talent that broke her; it was a lack of arithmetic. I’m…