The E-Book Royalty Mess: An Interim Fix
From the Authors Guild – A perspective on what REALLY happens in the real world of e-publishing. It’s not a pretty sight:
Negotiating a publishing contract is frequently contentious, but authors have long been able to take comfort in this: once the contract is signed, the interests of the author and the publisher are largely aligned. If the publisher works to maximize its revenues, it will necessarily work to maximize the author’s royalties. This is the heart of the traditional bargain, whereby the author licenses the publisher long-term, exclusive book rights in the world’s largest book market in exchange for an advance and the promise of diligently working to the joint benefit of author and publisher.
Now, for the first time, publishers have strong incentives to work against the author’s interests.
- Posted in: Publishing Commentary