Editor Mike Zimmerman, who has written more than 50 celebrity cover profiles – wrote about Stephen King’s business success, which is stemming mainly from his prolific writing (50+ books so far), but also his sense of business, shown in his smart dealings with publishers, his early adapting of e-books (chapter after chapter, down-loaded and volunteer-ly paid by his readers – a nightmare for publishers) and the creative, savvy brand he has gained. Yes, and he even sells
t-shirts! Just have a look at his professional website!
“Stephen King is a terrific businessman who leverages his success to broker creative and unusual deals in an industry not known for its flexibility, speed or inventiveness. The ebook revolution, currently in full swing, has the entire book publishing world scrambling to figure out new business models and how, if possible, to preserve the now-ancient art of printing words on paper.”
“Over the years, King has always been forward-thinking and daring in his dealings with publishers. He experimented with an online-only ebook, The Plant, way back in 2000 when Kindle was but a gleam in Jeff Bezos’ hard drive. And 14 years ago, when he left Viking to go to S&S, he structured his deal in an unheard-of way, ditching the big advance for a smaller one, but splitting the profits 50/50.
Another bold move, according to The Wall Street Journal, was orchestrated by King’s then-agent Kirby McCauley: Instead of a publisher licensing rights to King’s books for a period lasting up until 70 years beyond the author’s death (the usual publishing boilerplate, assuming the books stay in print), King leases his books to the publisher for a period of 15 years.”
A lot, new writers can learn from Stephen King, read the whole article on http://Success.com
From Stephen King’s Press Release Page
Stephen King was born in Portland, Maine in 1947, the second son of Donald and Nellie Ruth Pillsbury King. He made his first professional short story sale in 1967 to Startling Mystery Stories. In the fall of 1973, he began teaching high school English classes at Hampden Academy, the public high school in Hampden, Maine.
Writing in the evenings and on the weekends, he continued to produce short stories and to work on novels. In the spring of 1973, Doubleday & Co., accepted the novel Carrie for publication, providing him the means to leave teaching and write full-time. He has since published over 50 books and has become one of the world’s most successful writers.
Stephen lives in Maine and Florida with his wife, novelist Tabitha King. They are regular contributors to a number of charities including many libraries and have been honored locally for their philanthropic activities.
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