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I was reading about Stephen King giving his book rights away for free to people willing to make movies. Why would he do this, if they can make money from his books?

I was reading about Stephen King giving his book rights away for free to people willing to make movies. Why would he do this, if they can make money from his books?

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Never read his books, but the decent movies I can count on one hand...Carrie, Cujo, and Misery.....parts of Silver Bullet and Cat's Eye.