Understanding Foreign Rights
What do Harry Potter and the Girl with the Dragon Tattoo have in common other than movie deals? Well, not a lot, but their publishers and authors do both know how to take advantage of foreign book sales, a growing sector of the publishing industry where the right book and the right deal can provide a nice padding of revenue for authors and publishers.
J.K. Rowling’s Harry Potter series managed to get translated into around 70 languages, doing particularly well in the United States, where publishers obtained rights to the series and watched it top bestseller lists for months. Because of its international status, the final book in the series,Harry Potter and the Deathly Hallows, broke records when it sold 11 million copies in the first 24 hours after its release.