Using Fifty Shades and "literary" in the same sentence gives you a good idea why this article with induce rage for some:
"Despite its populist backstory, Fifty Shades was an easy sell for James’s literary agent Valerie Hoskins, thanks in part to the online accolades and word of mouth fueling its demand. “There was already a buzz about the trilogy in early 2012, appreciation for the books had gone viral,” she said adding, “all of the Big Six (five now) publishers in New York City were very keen to offer for it.”
Three years later, with Dakota Johnson and Jamie Dornan bringing the guilty pleasure to life on the big screen this weekend, the fan-fiction world where the movie originated seems more relevant than ever for literary agents hoping to bank on the coveted “Fifty Shades effect.”
“We’re getting deals everywhere,” explained London-based literary agent Lorella Belli, who snagged a six-figure advance from Simon & Schuster for her author Sophie Jackson’s forthcoming trilogy, A Pound of Flesh, which also started out as Twilight fanfic. “[Fan-fiction writers] already have such a huge following without doing any kind of promotion,” she continued. Jackson’s story drew more than 4 million reads on Fanfiction.net, and she’s gone from being a schoolteacher in Britain to having three major publishing houses bid up her debut novel. Just last month, Hollywood agent Steve Fisher at Agency for the Performing Arts signed on to secure the film rights....