Cutting the pie into more pieces

The New York Times looks at efforts by Simon & Schuster Children’s Publishing to get a cut of the profits generated by film adaptations of its properties. I’m kind of surprised it took them this long, and it will be interesting to see how complex deals for film rights become.

“In exchange for a percentage of the revenues, Simon & Schuster may agree to publish a book long before it is written, based on an assurance from the Gotham Group that it has Hollywood potential.

“Simon & Schuster will also receive money when its children’s books are turned into video games, comic books or other properties.”

Is anyone else feeling that shiver running down the spine?

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