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Posts Tagged ‘John Grisham’

John Grisham & His $6 Million Mistake

Did you know that legal thriller writer John Grisham lost millions of dollars when he first became a published author? Even though he earned $18 million in 2011, he once held a fortune in first-edition books.

In a guest post on The Daily Beast, Grisham (pictured, via) recounts the events surrounding his first novel, A Time to Kill. His publisher printed 5,000 first edition copies of that book and Grisham bought 1,000 copies to use for giveaways, $5 sales to friends and even as a doorstop. Considering that a first edition of A Time to Kill is now worth $4,000, Grisham once owned $6 million of his own books.

Here’s more from the post: “My idea was, I’d buy a thousand books, have a big book party at the local library, and all my friends would come. I’d sell all these books and it’d be easy. I could buy the books at wholesale, sell them at retail, and make a few bucks … Then I took all the books down to the local library and we had a big book party. When the party was over, I still owned 882 copies of A Time to Kill. I had this invoice that was due to pay for them wholesale, so I started giving books away.”

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Forbes Unveils Highest Paid Authors List

This week Forbes published their annual list of the highest paid writers. Novelist James Patterson leads the pack with $84 million–a $14 million increase from last year.

Here’s more from the article: “The jump comes courtesy of a 17-book, $150 million deal Patterson signed with his publisher, Hachette Book Group, in 2009. The peerlessly prolific Patterson, who works with a team of co-authors to boost his output, published 10 of those books during this period. All told, including his backlist, he had an astonishing 20 titles on PW’s year-end lists of bestsellers, comprising more than 10 million copies.”

Like Patterson, Stephenie Meyer and John Grisham write both children’s and adult books; they both made the cut raking in $21 million and $18 million respectively. The authors on the list who write exclusively for children include Rick Riordan, Jeff Kinney, Suzanne Collins and J.K. Rowling. The list included three members of the Kindle Million Club. Below, you can check out the top five authors.

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James Patterson Responds to Critics

No other author has had as many New York Times bestsellers at one time as James Patterson. People magazine called him the “king of the bestsellers list.” He has outsold writers like Stephen King, John Grisham and Dan Brown.

Yet Patterson has not gone without criticisms. His stable of co-writers, his non-literary style of writing and his dominance of every genre have all been fair game. In this GalleyCat contributor’s interview with Patterson, he responded to those critics. He also discussed the secret to his success and his advice for aspiring authors.

Here’s an excerpt from the interview: “My success revolves around the fact that I am fairly analytical, logical, have a pretty good IQ but I’ve got street smarts too. You know, a lot of people who have nice IQ’s are just dumb as a brick when it comes to thinking about how other people think and what they might like and how to act in public and things like that. I think I have, you know, gifts involved of those areas. I mean, if I am writing a story that kids are supposed to not want to put down, if I don’t feel it, then I don’t think kids will feel it. If I don’t think that the pages are moving in the story and the characters aren’t involving, then I’m going to assume that the people reading it won’t.”

Philip Roth and John Grisham Interviews Fabricated by Italian Journalist

roth$philip.gifAn Italian journalist appears to have fabricated an interview with famed novelist Philip Roth, creating imaginary quotes bashing President Barack Obama‘s presidential performance.

This week’s Talk of the Town has the scoop, outlining how another Italian journalist asked Roth (pictured, via Nancy Crampton) about his comments during an interview–discovering that journalist Tommaso Debenedetti had fabricated an entire interview with the novelist. Roth’s fiction is loaded with fictional versions of himself, and he embarked on a literary investigation–discovering that the journalist had also fabricated an interview with John Grisham.

Here’s more from the crazy story: “Although Roth and Grisham have never met, they joined forces through their agents and contacted an Italian lawyer, who felt that they had a good case. ‘I am exploring my possible remedies,’ Grisham said, ‘with plans to file an action.’ But Roth has decided not to sue. ‘It would take two years, and multiple trips to Italy,’ he said. ‘It would distract me from my writing, and, worst of all, I would have to obsess about it.’”

John Grisham Backlist Now Available in eBook Format

johngrisham23.jpgToday Random House announced that the complete John Grisham backlist–23 titles in all–will now be available in digital form. The books are available now, and the author has a new novel scheduled for October.

Last November, Grisham went on the record bashing $9.99 eBooks. He noted, in an interview: “If a new book is worth $9, we have seriously devalued that book…the future is very uncertain with books,”

Knopf Doubleday Publishing Group CEO Sonny Mehta had this statement: “Grisham is one of the greatest storytellers of all time … Since the publication of his very first book, he has captivated readers with compelling characters, intricate plotting, and narratives about social justice that are impossible to put down. This is one of our most exciting e-book initiatives to date, and is certain to usher in a new generation of Grisham readers and e-book adopters.”

Jon Stewart to Introduce Condoleezza Rice at BookExpo America

9780446691864_154X233.jpgBookExpo America (BEA) has today announced that Jon Stewart will make an encore BookExpo America performance–serving as master of ceremonies at the Author Breakfast on Thursday, May 27. In a crazy political pairing, the host of The Daily Show will introduce memoirist and politician Condoleezza Rice.

According to the Grand Central webpage, the host’s book The Daily Show with Jon Stewart Presents Earth (The Book) will be published in September. Stewart first hosted the BEA breakfast in 2004. Among other big guests at the two-day fair are: Cory Doctorow, William Gibson, John Grisham, Sara Gruen, Christopher Hitchens, Patton Oswalt, and Mary Roach.

Event Director Steven Rosato had this statement: “We are incredibly fortunate to have these authors assembled at our show and I know that will be a great draw for BEA and will ensure that these events will sell out. Above all, I am thankful to the publishers who support us, and who bring their authors to BEA so that we might all enjoy meeting them, and hearing what they have to say. It’s a very unique and special opportunity for anyone who is part of the book industry and who attends BEA.”

The complete release is embedded below.

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Literary Publicity Firm Precedent Media Unlimited to Close

precedent.jpgOnline literary publicist Jason Gordon has decided to close the publicity firm he founded, Precedent Media Unlimited.

“For over three years, I have worked hard to make sure that Precedent Media delivered the most thorough and progressive online campaigns. It has been an honor to work with so many great authors and publishing houses,” he explained in an emailed statement. Asked about future plans he said he is “exploring options and can be contacted [via email].”

At Precedent, Gordon handled publicity campaigns for bestselling authors like Nick Hornby and John Grisham. Before founding his own firm, Gordon served stints at Crown Publishing Group and Oxford University Press. In those positions, he worked campaigns for writers that included then-Senator Barack Obama, rock star Gene Simmons, and journalist William Safire.

John Grisham Enters Price War Debate

johngrisham.jpgAuthor John Grisham bashed Amazon and Walmart in a Today Show appearance, criticizing how the companies have marked down books and made the market more difficult for “aspiring writers.”

As we reported, Walmart (WMT) recently slashed book prices online, slashing the cover price of the top 10 pre-selling titles to $10 apiece–sweetening the deal with free shipping. This move touched off a book discounting war in between Amazon.com (AMZN), Walmart, and finally, Target (TGT). At one point, prices sank below $9 for a new hardcover.

Here’s more from Grisham (pictured, via), from the article: “[The price] enables me to make a royalty, the publisher to make a profit and the bookstore to make a profit … If a new book is worth $9, we have seriously devalued that book … It’s a free market–there’s no legal case … I’m not itching to sue Amazon or Wal-Mart…they sell a lot of books. But the future is very uncertain with books.”

Nora Roberts by the Numbers

Nora080623.jpgIn a recent profile of romance writing superstar Nora Roberts, the New Yorker painted the publishing industry in some broad stroke statistics.

The long essay casually drops the fact that Roberts sells 27 books every minute, no easy feat in this publishing recession. In 2004, Forbes estimated that she earns more than John Grisham or Stephen King. To top it all off, the story’s lead gave a shout out to the book blog, Smart Bitches, Trashy Books, a site with a permanent spot on this GalleyCat editor’s RSS Feed.

Here’s the best figure of all, the article’s look the publishing industry at large: “According to the R.W.A., romance generated nearly $1.4 billion in sales in 2007, more than science fiction and fantasy combined (seven hundred million dollars), mystery (six hundred and fifty million) or literary fiction (four hundred and sixty-six million). Of people who read books, one in five read romance.”

Stephenie Meyer Sold 16 Percent of all Books Last Quarter

Stephenie Meyer‘s Twilight series ruled the top four bestselling books for the first quarter of 2009. According to <img alt="twilight.jpg" src="/galleycat/files/original/twilight.jpg" width="120" height="200" class="alignright"/USA Today, one in every seven books sold last quarter was a Meyer book–16 percent of all books sold in the first months of 2009.

The vampire series launched a film franchise last year as well, receiving a Hollywood book sale boost like the “Watchmen” graphic novel. Here are the next five books on the first quarter bestseller list, from the article:

“5. Diary of a Wimpy Kid: The Last Straw by Jeff Kinney
6. The Shack by William P. Young
7. Act Like a Lady, Think Like a Man by Steve Harvey
8. The Associate by John Grisham
9. Watchmen by Alan Moore, Dave Gibbons” (Via Colleen Lindsay)

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