Author Royalties in the Hot Seat
With new questions and options emerging around e-rights and royalty payments, do publishers risk losing control?
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The situation has led to some experimentation among traditional publishers, with Vanguard Press (an imprint of the Perseus Books Group) leading the way in trying a no-advance, profit-sharing model that offers much higher royalty rates in exchange for shifting a more balanced share of the risk (and profit) to the author (marketing commitments are spelled out in the contract to assuage fears that the publisher will have less incentive to promote the book).
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- People:
- Ethan Ellenberg
- Stephen Covey
- Places:
- New York
James Sturdivant
Author's page
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