Big Apple Agency: Cashing in on China's Appetite for Global Writing
Kwanten and his staff of 30, including 12 agents, broker book deals from their offices in Shanghai, Beijing, Taipei and Honolulu. The agency takes a 10% to 20% commission from the sale of the right to publish the book in China or Taiwan, as well as a percentage of the royalties, or profits, from the book. It's a business model that produced $12 million in revenue and a $1.5 million profit last year. And given the pace of deals so far this year, Kwanten projects revenue for 2010 will be $14 million...

Comments
There are no comments yet.