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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"I wanted to find a way to share risk differently with authors," he says, "and I was willing to give up more of the profitability of a book if I were able to find an author who, in exchange, would not require us to bet our jobs every time we signed up a book."
The result was HarperStudio, which publishes two books a month (70 have been signed and 16 published since the imprint was launched in April 2008) and limits itself to a maximum $100,000 advance. In exchange, the studio offers a 50/50 profit split.
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- People:
- Ethan Ellenberg
- Stephen Covey
- Places:
- New York
James Sturdivant
Author's page
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