For sale: Philip K Dick's Bible, with handwritten annotations.
James Frey (previously) wants to create the next Harry Potter or Twilight sensation. And he's hiring an army of anonymous starving authors to write it for him under somewhat unusual terms. Veteran publishing attorney Conrad Rippy said he's never seen anything like it:
It’s an agreement that says, “You’re going to write for me. I’m going to own it. I may or may not give you credit. If there is more than one book in the series, you are on the hook to write those too, for the exact same terms, but I don’t have to use you. In exchange for this, I’m going to pay you 40 percent of some amount you can’t verify — there’s no audit provision — and after the deduction of a whole bunch of expenses.”