White Rabbit?

Killing an Arab – L’Étranger

Looking at him in his ghastly shell suit, didn't he do something on Poe's "The Raven"?

Bo Hanssen - "The Lord of the Rings"
Camel - "The Snow Goose"

No need to read "The Hobbit" when Nimoy can summarise it for you.

"In the middle of the earth in the land of the Shire
Lives a brave little hobbit whom we all admire.
With his long wooden pipe,
Fuzzy, woolly toes,
He lives in a hobbit-hole and everybody knows him..."

And so on.

Lewis Grassic Gibbons' classic is covered by Michael Marra's 'Happed in Mist'.

And if plays count, there's always Richard Thompson's cover of Hamlet:

The Real Tuesday Weld's latest soundtrack to "the last werewolf" is a joy.

but here's Neil Hannon's version of F Scott Fitzgerald

A Child's Christmas in Wales from John Cale's Paris 1919 album. Not a novel, strictly speaking, but prose at least. Plus, from the same album Macbeth and Graham Greene.

The Zombies' take on a William Faulkner short story.

And on Director's Cut, Kate Bush revives Sensual World as Flower of the Mountain, using text from JJ's Ulysses.

Isaac Asimov:

Stephen King's The Shining

George Orwell:

George Orwell:

inspired the brilliant 'Horrorshow' by The Scars. You can read from them on their Youtube posts:

... summarises (or at the very least borrows much of its imagery from) Homer's "The Odyssey".

Steve Hackett's Narnia from the album Please Don't Touch
Anthony Phillips' Tarka and 1984 albums

Then:
Rush - Red Barchetta
Peter Hammill - Rise and Fall of the House of Usher (bloody awful)
Hawkwind - Chronicle of the Black Sword (not much better)
Jefferson Airplane - The Ballad of You and Me and Pooneil (not really a novel, but..)

Grendel.

Or does that go on longer than the story..?

"Cloudbusting" - Kate Bush, is about the relationship between psychologist and philosopher Wilhelm Reich and his young son, Peter, told from the boy's viewpoint and based on his autobiographical "A Book of Dreams".

Faust - Randy Newman, is an adaptation in song of work by Goethe, with a bit of Milton's Paradise Lost and a dollop of Newman himself thrown in for good measure.

William, It Was Really Nothing IS Billy Liar!, isn't it..?

Based on "Perfume" by Patrick Süskind.

.

The Rattlesnakes album is heavily influenced by Joan Didion. The title track being based on her novel Play As It Lays and Speedboat by her debut Run River. I think.

I am ill and I am as ugly as sin. My irritability keeps me alive and kicking...
Magazine's wonderful Song from under the floorboards is based on Doestoyevky's Notes from underground.
Bought a new copy from Fopp last week.