Unfortunately, not as many books are being turned into film, according to Variety.
According to the Publishers Marketplace database, 205 Hollywood book deals were reported between June 1, 2008 and June 1, 2009. That number declined to 190 over the same span in 2009-2010. The biggest drop was in literary fiction, from 30 in 2008-09 to just 17 in 2009-10.Those are overall numbers. Maybe your favorite genre is doing better.
The action-thriller-suspense field rose from 19 to 21. The number of deals held steady for vampire and zombie books, comic tomes, chicklit … and for kids' fantasy …. The biggest growth area for Hollywood acquisitions? Young adult (YA) books, which grew from 21 pickups to 36 during the timeframe.If you’re hoping your book will make it to film, consider this:
"Studios are clearly not interested in anything that's considered small, and anything under a $50 million or $40 million budget is considered small," says Bill Contardi, a lit and dramatic rights agent with Gotham-based Brandt & Hochman. "Serious fiction is often considered 'not big enough,' and there are fewer buyers for this material now."Hollywood’s still looking for books, but they want the mega sellers primarily, the “sure thing”. What are they looking for today?
Risk-averse studios are increasingly shying away from material that can't be rendered in 3D or spawn a series of action figures.So, what are agents doing?
As a result, many lit agents are shifting their focus to different genres, particularly books that skew to the under-18 crowd, like James Frey and Jobie Hughes' young adult novel "I Am Number Four," which is seen by DreamWorks as a potential franchise. Others with adult fiction clients are beginning to spend more time packaging material for TV than film.This is only a small portion of the article, so, if you want the full story, click over.
How about you? Have you already picked out the actors/actresses who’ll star in the movie or TV show of your book(s)?