Big Apple Agency: Cashing in on China's Appetite for Global Writing

http://www.forbes.com/global/2010/0510/companies-literary-agencies-lily-chen-book-drive-in-china.html

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...

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