IP literary adaptation referred to the transformation of intellectual property rights of literary works into movies, TV series, animations, games, and other forms of works to achieve a balance between commercial value and artistic value. The advantages and disadvantages of IP literature adaptation mainly included the following aspects: Benefits: 1. Increase the popularity and commercial value of the work: The popularity of the works adapted from IP literature can be increased to attract more audiences and investors to increase the commercial value of the works. 2. Expanding the audience of the work:IP literature adaptation can make the work more accessible and acceptable to a wider audience. 3. Forms of innovative works:IP literature adaptation can bring new forms of expression and creativity to make the works more vivid, interesting, and attractive. 4. Enhancing the cohesiveness and plot of the work:IP literature adaptation can better connect the plot and character relationships of the work and enhance the cohesiveness and plot of the work. Cons: 1. It may destroy the original style and values of the work: If the adaptation of IP literature is too commercial, it may destroy the original style and values of the work and affect the artistic value and content of the work. 2. It may lead to a decline in the quality of the work: If the IP literature is not properly adapted, it may have a negative impact on the quality of the work and cause the work to lose its original artistic value. 3. It may reduce the copyright value of the work: If the adaptation of IP literature is too commercial, it may cause the copyright value of the work to decrease, thus affecting the copyright income of the work. 4. The fans of the original work may be distracted: If the IP literary adaptation is too successful, it may attract the fans of the original work to turn to the adapted work and distract the fans of the original work.