Hollywood has always been driven by intellectual property, but it's on the rise now. The one thing the pandemic has done is given people a lot of free time. They're using that time to catch up on shows, read, and make sourdough bread. The same is true across Hollywood, where executives have finally been doing their homework. A recent article in the Los Angeles Times shows a larger trend that has played out during the COVID-19 pandemic: a surge in deals for studios to adapt books for film and TV. The article goes on to say "studios have gobbled up the rights to hundreds of novels and nonfiction tomes that they hope will underpin future hits." This trend is thanks to people being home and having time to read. And the numbers back it up. CAA has packaged and sold about 175 book titles for film and TV so far in 2020. That's 5x the agency’s volume during the same period of time in 2019. WME and United Talent Agency also reported significant jumps in the number of books sold to package. So, is this really just because people have time to read? No. Read More...
Published By: NoFilmSchool - Wednesday, 7 October, 2020