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 six big publishers remain the primary repositories of the absolute best in fiction and nonfiction," Ellenberg says. "I don't see that changing. I think their reach is going to continue to be what it is, and there's no reason why, if we can find a successful model for selling intellectual property … the big publishers won't continue to do well. The whole self-publishing market is really a variation of subsidy publishing of 40 years ago. It ultimately is going to frustrate the consumer, and they're not going to get involved. Who can browse 100,000 books and say, 'Oh gee, I really like this one?' We need tastemakers; we need professionals. I think publishers have tremendous strategic advantages that are not going to go away."
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- People:
- Ethan Ellenberg
- Stephen Covey
- Places:
- New York
James Sturdivant
Author's page
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