Bloomberg Businessweek recently profiled the literary development company, Paper Lantern Lit.
Founded by author Lauren Oliver and former HarperCollins children’s books editor Lexa Hillyer, Paper Lantern Lit has sold twenty young-adult novels to publishers and landed a “first look” deal with Fox 2000 Pictures.
Here’s more from Businessweek: “Schechter and Hillyer come up with ideas—or ‘sparks,’ as they like to call them—and sell the finished product to publishers. The writers, whom they find through friends or sites such as Craigslist, get a flat fee and bonuses based on sales. The publisher’s book deal is with Paper Lantern, which guarantees that the work will be done on time.”
Some of the the authors discovered by Paper Lantern Lit include Lanie Bross, M.E. Castle, Katie Ellison, Elizabeth Miles, Lauren Morrill, Fiona Paul and Ellie Rollins.