Showing posts with label movie rights. Show all posts
Showing posts with label movie rights. Show all posts

Friday, April 15, 2011

Test Your Literary Agent IQ

 (Answers provided below)

1.  If you feel strongly about a particular agent who posts that he or she is not presently taking new clients, you should go ahead and query that agent anyway.  True or False?

2.  Some agents who charge reading fees are considered legitimate.  True or False?
3.  To maximize your response from agents, you should tell everything you possibly can about your book in your query letter.  True or False?
4.  If you sign a representation agreement with a literary agent, that agent must represent any and all subsequent books you write.  True or False?
5.  To legally advertise their services as a "literary agent," agencies must be a member of the Association of Artist's Representatives (AAR).  True or False?
6.  One of the most common reasons first novels are passed over by agents is that the story takes too long to get started.  True or False?
7.  It is perfectly ethical to query more than one agent at a time about the same book.  True or false?
8.  If you want to see your unpublished novel made into a movie, you should query Hollywood studios and producers directly.  True or false?
9.  Depending upon your circumstances, it may be appropriate for you to seek a literary agent in a country other than the one in which you presently live.  True or False?
10.  Most agents devote a great deal of time editing their clients’ books.  True or False?
11.  It is against the AAR’s Canon of Ethics for any member agency to charge a reading fee.  True or False?
12.  Except for using their established publishing industry contacts to submit manuscripts to editors, agents provide no other tangible services to authors to justify the commissions they earn.  True or False?

Answers
1.  False.  Most agents read every query they receive, regardless of how "full" their lists are, because they can always make room for a book that really hits their hot button.  (Some agents will want to throttle me for telling you this, but it's the truth)

2.  False.  Industry consensus is that any agent who charges a reading fee is unethical.  The only people who seem to disagree with this are agents who charge reading fees.

3.  False.  Queries should be limited to one page, maximum, and should only include enough to whet the agent's appetite and make him/her want to read more. (see 15 Common Mistakes Found in Query Letters)

4.  False.  Most agencies have agreements that promise they will market your present book, but give them the right to pick and choose which of your future books they handle.  Usually the contract guarantees the agency the "first right of refusal," and if they pass on a subsequent book, you have the right to find another agent who will represent it. 

5.  True.

6.  True. (see A Dozen+ Reasons Books are Rejected by Agents & Editors)

7.  True.   If you choose to do so, some agents believe that you, as author, are obligated to notify them of this fact in your query, but most agents assume that you are making a "multiple submission" unless you indicate otherwise (see "What is an exclusive query..." under Common Questions about Agents & Publishers)

8.  False.  Hollywood rarely buys the film rights to manuscripts written by unknown authors and which have not already been sold to a publisher.  Once sold, most good agents can handle the film rights for you, but  this is something you should ask about before signing any contract of representation.  (See Common Questions about Agents & Publishers)

9.  True.  (See Common Questions about Agents & Publishers)

10.  False.  Most agents expect your novel to be in publishable shape before they will agree to represent it.  Sometimes agents will devote a significant amount of time editing and polishing a manuscript, but this the exception, not the rule.  The agent's primary functions are marketing, contract negotiation and royalty accounting.

11.  True.

12.  False.  Literary agents provide a wide range of services which justify their commissions (see 5 Steps to Landing a Good Literary Agent)

If you enjoyed this quiz, you might want to test your general novel and film knowledge with the Story Synopsis Quiz.

Common Questions about Agents & Publishers

Q:  Do I really need a literary agent?
If you are going the traditional publishing route, absolutely.  
 First, let me say that there is no advantage whatsoever for me, personally, to advise you to use a literary agent to represent your work.   The only reason I recommend that you, as an author, have an agent is simply because that today's environment, I sincerely believe it is in your  best interest to have one.
As you probably know,  many of the larger publishers will not accept submissions from unagented writers.  However, even if such publishers were anxious to get their hands on manuscripts from such writers, there are several reasons that it is wise to have an agent.
A good literary agent:
- knows the current market value of a book in your genre and can get the you best possible deal
- knows which editors and publishers are most interested in, and can effectively market, your type of book
-  can hold an auction if there is enough interest in your book and get you an even higher advance 
-   from experience, knows the ins and outs of all the mind-boggling legalese in publishing contracts and can negotiate the best possible terms for you
- knows when it might be necessary to audit a publisher's books to make sure you are being paid all your royalties, and can instigate the process
- only gets paid when you get paid, taking a fixed percentage of your royalties.  The more money you make, the more money your agent makes.  This perfectly aligns his/her motivation with yours and inspires the agent to work hard on your behalf.
For these reasons, I believe a good literary agent not only saves you a lot of money in the long run by keeping people from taking advantage of you, but actually makes you far more money than you could make dealing directly with publishers yourself.  Furthermore, a good agent takes much of the "business" side of authorship off your shoulders, which leaves you with more time to write. 

Q:  What happens once I sign a contract with an agent?

First, your agent will work with you to make sure your manuscript is edited, polished and ready to submit to publishers.  Be forewarned that most agents do not involve  themselves in extensive editing--their primary business is marketing.  They usually expect the manuscript to be in good shape before they will take it on in the first place.  There are exceptions, of course--in some cases an agent may want to help mold the book into its final form.
The next step will be for the agent to develop his/her own pitch to editors.  This may or may not be based on your query letter and synopsis.  Agents believe they know how to best pitch each particular book they represent, so the author is generally left out of this process and usually does not see the marketing materials.
After the pitch is developed, your agent will begin the submissions process, often sending only a few copies out at a time to gauge the response.  If the response is strong, the agent may elect to hold an auction for the book .  More often, however, the agent will continue with the normal submissions process until either a) the book is sold, or b) all the possibilities are exhausted.  Your agent will most likely start with the largest publishers and work her way down, consulting with you on how small a press you are willing to consider.  She should share any letters from agents which give feedback on your book or reasons for rejection (often this is stipulated in your contract).
With a little luck, a good agent will be able to place your book (yes, luck is still a factor, even at the agent level).  If not, then you must decide whether or not you want to try another agency (difficult if the book has been well shopped around) and also whether you want to submit your next book to the same agency or try a different one.  You should know that many agencies have contracts which allow them to pick and choose which of your books they represent so that they are not bound to try to market something they don't believe will sell.  In any case, you should strive to maintain as amicable relations with your agent as you possibly can, as the publishing industry is relatively small and you do not want to develop a reputation of being a difficult client.
My overall advice in dealing with agents is to make the best possible choice you can in the selection process, and then stand back and this professional do her job.  Pushing your agent, second-guessing her, and annoying her with a lot of emails and phone calls will only interfere with the process of selling your book.  Ultimately, that's what you want--how she manages to do it should be left up to her.

Q:  What if a prospective agent says she'll "take another look" if I change my book in a certain way?  Should I make the changes?

This is a dice roll.  From experience, I believe the answer is:  if you honestly agree with the changes that the agent wants (i.e., you think they improve your book), go ahead and make them and resubmit.  If the agent passes again, then you can continue submitting to more agents, knowing that you have a better manuscript to send out.  If in doubt about the changes, then don't make them--just move on.  If and when you feel you have exhausted all your possibilities with other agents, you can reconsider--you may feel differently about making the changes then.

Q:  When querying more than one agent at a time, I obligated to put this in my letter?

This is a touchy issue with some agents, but in my opinion, you are not obligated to do so.  If you do not state that you are sending out multiple queries in your letter, the vast majority of agents will assume that you are.  This is because they know that any intelligent writer would inform them that the query is an "exclusive," as this gives the writer an edge over other writers submitting non-exclusive queries (see next question for more about exclusives) . If an agent has doubts about investing time into evaluating any particular submission, I feel it is his or her responsibility to ask the writer if the submission is exclusive.
Incidentally, when you make multiple submissions, if an agent asks you if you are submitting to other agents, an answer such as "Yes I am.  However, I will gladly agree to notify you and see where you are with my manuscript before I accept any offer of representation" is enough to satisfy most.   Agents simply want to be assured that if they invest the time required to evaluate your book, when they finish, you will still be in a position to seriously consider their offer.

Q:  What is an "exclusive" query and when should I go about sending one?

The terms "exclusive" or "giving an agent an exclusive" means that you are querying that particular agent and only that agent, which eliminates the agent's competition.  This allows her to freely invest time into evaluating your book because she doesn't have to worry about losing you to another agent during the evaluation process.  This should give you an advantage in their eyes, obviously, but many agents don't seem to give exclusive submissions much weight.  In any case, this approach must be used with care.  If you decide to give an agent an exclusive, she will have expected you to have thoroughly researched her and her agency, and thus will expect you to jump for joy if she makes you an offer of representation.  Any vacillation on your part upon receipt of the offer (other than asking to review the legal contract, perhaps with the help of a lawyer, and ask any questions you may have, which is prudent and reasonable), will get you off on the wrong foot and likely damage your relationship.   Therefore, when you give an agent an exclusive,  you should be 100% sure you want this person as your agent and have no doubts whatsoever about the agent's experience, credentials, or abilities. 
Having said all that, I don't recommend giving exclusives, as I feel it's just too limiting as far as your own options are concerned.  Plus, as I said, exclusive submissions from unpublished writers just don't seem to mean much to most agents.

Q:  How do I handle agencies that have more than one agent who seems a likely prospect for me?

You must query only one agent at a time within any given agency and wait until you receive a response from that agent before you move on to the next.  Some smaller agencies have a "team" approach, so a query to any agent there will be considered a query to the entire agency--you can tell if this is the case by the wording of their rejection letter.  It will say something like "After reviewing your work, we have decided..."  In the event that this is not clear, simply write back and ask if the rejection was from the agency as a whole, or just the particular agent whom you queried.  If it was just from one agent at the firm, you're free to query others there.

Q:  What if my book is long enough but it is a collection of short stories, not a novel?

Short story collections are rarely published by an author who is not already known.  This is simply because short stories are not popular with readers these days.  If you have such a collection, the best thing to do is put it aside and write a novel--once that is published, you may be able to sell the collection.  Still, having said that, it is not impossible for an unknown author to sell a short story collection--it has happened.

Q:  What if I want to market my books in another country?

This is a complicated question.  The general answer is, you should get an agent in the country where you live now and let your agent handle all foreign rights.  However, there are exceptions to this.
Before I discuss this in detail, here are a few facts you should know.
- All good agents in one country have partner agencies in other countries who can sell translation and marketing rights for all the books they represent.  Also, many agents go to international book fairs for the purpose of selling foreign rights, the annual Frankfurt and London Book Fairs being the largest two.  
- Books are rarely sold outside of one country until they sell well (to end readers) in their home countries.  Because agents and publishers naturally want to minimize their risks, they will not buy foreign rights for a book until it has proven itself in its home market, which is usually where the author happens to live. 
- Similarly, publishers only invest the money to translate books into other languages when the book has proved itself in its home country.    
- Even the largest publishers rely heavily on the author to help with the promotion of the book—in fact, as I'm sure you know, the author is the cornerstone of all promotional activities (media interviews, book signings, etc.)  Therefore, it is advisable for the author to live in the country where the book is first marketed so he/she can participate in these activities and maximize the success of the book.
Now, based on the above, things get complicated if  you have previously lived in another country and the story in the book takes place there, or if you are writing in a language that is not the main spoken language of the country where you live, and so on.
The best way to understand how all this works is to consider a few examples.  Suppose you grew up in the USA and now live in Australia.  If the book is set in Australia and has an Australian hero, probably it's best that you have an Australian agent, because the largest reader base (as a percentage of reader population) will very likely be there.  If the book does well, your agent can work through co-agents and sell rights in the USA, Canada, the UK, and all other English-speaking countries, and then perhaps sell translation rights to other non-English language markets.  However, if your book is set in the USA and has an American hero, it may be better for you to have a USA-based agent, as the reader base will probably be greater there…but you would have to consider that helping promote the book from Australia would be difficult.
Now, let's make things even more complicated.  Suppose you grew up in Morocco, immigrated to France, and later, through some bizarre twist of fate, ended up in Flottsam's Mistake, Wyoming.  Let us further suppose that French is your native language and English is your second.  If you have written a book in French about your experience of growing up as an immigrant in Paris, having a French agent might be the best choice.  This is because the largest market would probably be in France (partly due to the French language and partly due to the large Moroccan population there), and few publishers in other countries would want to take a risk on the book until it was proven in France.  However, if your book was written in English and was a romance that took place amidst the scintillating night club scene of Flottsam's Mistake,  Wyoming, an American agent would be best.  If, on the other hand, the book was written in English and based on your experience on living in Liverpool one summer (do you have a headache yet?), a UK-based agent might be most appropriate. 
If you have a complex situation like the one above--and they are not uncommon--the best way to answer it is simply to query a few agents in the relevant countries and ask for their opinions.

Q:  What if I would like to see my book made into a film?  Do I need a separate agent for that?

No.  Similar to the case with foreign rights above,  your literary agent will also handle film rights, either directly or through partner agents who specialize in that business.
Also, I should mentioned that this will take some time, and that in some cases, may never occur at all.  First, Hollywood does not buy unpublished books written by unknown authors.  In fact, they don't buy books at all—they buy screenplays, and what they buy from agents is the right to pay someone to adapt the novel into a screenplay.  Like anyone else, movie studios and producers want to minimize their risk.  If you are an unknown writer and sell your first book to a publisher, even a big publisher, the movie industry will usually wait and see how well the book does before they consider buying film rights.  There are rare exceptions.  If a book gets a big advance and the sale generates a lot of media hoopla and seems particularly well-suited for the screen, sometimes a producer or studio will feel confident enough to buy the rights before the book actually comes out (this happened with John Grisham's The Firm and Stephen King's Carrie, for example, and is part of the reasons they became mega-hits). 
But, as I said earlier, even if your book is published, and even if published by a big house, it may never be made into a movie.  Adapting a novel into a screenplay is not easy, and can be exceedingly difficult with certain kinds of stories, especially those with intense character introspection or complex subplots.   The Naked Lunch, Master and Margarita, and Don Quixote are three examples.  Also, for artistic or other reasons, some authors decide that they do not want their books made into movies at all.  An example of this case is J. D. Salinger and his classic, Catcher in the Rye.
As a final note, I believe that authors who are especially keen on seeing their books made into movies should consider adapting their books into screenplays themselves.  Having your a version of your story in the proper form (medium) will increase your chances of having it appear on the silver screen.

Q:  If I write a screenplay or a stage play, will my literary agent handle those as well?

It depends.  Some literary agencies handle both novels and screenplays, some handle only novels, some agencies that handle only screenplays, and even some that handle only stage plays.  
In any case, if your literary agent does not represent all the types of material you write, he or she will readily refer you to another agent who will rep the extra pieces.  It is to your agent's benefit for you to sell as much material as possible, as every sale gives your more credibility as a writer.  Also, there is great synergy between the publishing, film, and theater businesses.  Making a sale in one makes it easier to make a sale in the other.  Obviously, if a book or film or stage play becomes a hit, selling rights in the remaining forms is much easier, as there is a ready-made audience for the work.

If you found this article useful, feel free to buy me a cup of coffee 😃  click here  - ☕️☕️☕️

RETURN TO ADVICE FOR WRITERS PAGE