Hi Guys,
I have a question about a book deal that I read about in publishers weekly--this was from an August issue, but I just read about it yesterday when I looked up the author's name.
I am currently reading the "The Murderer's Daughters" which was a debut book published by St. Martin's and is an international bestseller and I am loving the book. Found out that the author sold her next two books to Atria at auction.
How does this happen? Wouldn't you think that St Martin's would have signed her to at least a two book deal when they bought her first book? How does her next two books, which would be her 2nd and 3rd book, go to auction w/o St. Martins at least having the right of first refusal? Especially since her first book was a bestseller?
Does this mean that the publishing companies are now only signing one book deals?
Thanks
I have a question about a book deal that I read about in publishers weekly--this was from an August issue, but I just read about it yesterday when I looked up the author's name.
I am currently reading the "The Murderer's Daughters" which was a debut book published by St. Martin's and is an international bestseller and I am loving the book. Found out that the author sold her next two books to Atria at auction.
How does this happen? Wouldn't you think that St Martin's would have signed her to at least a two book deal when they bought her first book? How does her next two books, which would be her 2nd and 3rd book, go to auction w/o St. Martins at least having the right of first refusal? Especially since her first book was a bestseller?
Does this mean that the publishing companies are now only signing one book deals?
Thanks
