For Mr. Frey's new venture, Full Fathom Five, the author oversees lesser-known writers as they develop fictional ideas into books that he then markets to publishers and film studios. Its first offering, "I Am Number Four," is a young-adult science-fiction thriller about an alien who comes to Earth as an Ohio teenager. It was published in August and hit the best-seller list. Michael Bay brought the project to DreamWorks Studios, where partners Stacey Snider and Steven Spielberg acquired the film rights after reading the book, with Mr. Bay as producer. Starring Alex Pettyfer, Dianna Agron and Timothy Olyphant, the film will be released in February, DreamWorks' first offering since it severed ties from Paramount and became independent, with its movies distributed by Disney.
Full Fathom Five is already wrapped in real-life drama. One writer hired attorneys to represent him when dealings with Mr. Frey grew contentious (the dispute was settled late last month). Mr. Frey says that a disgruntled writer is working on a magazine story about him. The writer declined comment. "I go to work and try to do cool things. I can't control what people write about me," says Mr. Frey.
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