LONDON, Oct. 5 (UPI) -- A London children's hospital, which receives royalties from "Peter Pan," has created a plan to keep the cash flow coming, and it's time to see if it works.
J.M. Barrie's "Peter Pan," which was published in 1911, was a hit in print, on the stage and on screen, generating millions of dollars in royalties over the decades and it was all left to the Ormond Street Children's Hospital, CBS reported Thursday.
Since the hospital sustains itself mainly on the royalties from "Peter Pan," officials realized that they would be in a spot of trouble next year, when the copyright runs out.
So they held a competition in 2004 to choose an author to write a sequel to "Peter Pan." The winner was Geraldine McCorchrean.
"Everything is very slightly changed because it also had to be something that was original," McCorchrean says.
The book, called "Peter Pan In Scarlet," was released on Thursday.
