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Hollywood Buys Unseen Short Stories for Millions
24 Oct
Summary
- Studios are paying millions for unpublished short fiction.
- Nicholas Binge sold 'Understudy' to Netflix for $1 million.
- Steven Spielberg is producing a short story bought by Universal.
Studios are demonstrating a significant appetite for acquiring unpublished short fiction, offering substantial sums for these works. Nicholas Binge recently secured a $1 million deal with Netflix to adapt his short story "Understudy" into a series, a piece that might not reach readers in its original written form. This surge in interest highlights a growing trend where short literary works are being fast-tracked for screen development.
Other notable transactions include Universal Studios' purchase of screenwriter Colin Bannon's short story "Long Lost," with Steven Spielberg attached as producer. Additionally, Amazon MGM Studios acquired Harrison Query's short story "Code Black." Both deals were reportedly valued in the seven figures, underscoring the lucrative potential for authors of short fiction in the current Hollywood landscape.
