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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Also going this route has been Harper Studio, whose concept of no- or low-advance author contracts emerged from President Robert Miller's experience at Hyperion.
"For me, it came from feeling frustrated that even at our most successful … the amount of money we left on the table in terms of unearned advances was frustratingly high," he says. "It seemed like [for] the big six publishers—competitive landscape publishing—the advances were just kind of spiraling out of control to a point where the level of risk was unacceptable. We were putting our ability to stay in business at risk.
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- People:
- Ethan Ellenberg
- Stephen Covey
- Places:
- New York
James Sturdivant
Author's page
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