Not exact matches
Authors have a lot to benefit on the financial front as well, what with the nearly 70 percent
royalty that they earn
against the 5 - 10 percent that traditional publishers generally offer.
In 2012 over 1,000
authors filed a class action lawsuit
against Harlequin, alleging that they did not pay the
authors the full amount of the agreed upon
royalty for digital titles.
A recent lawsuit was filed
against them stating that they misrepresents themselves, luring
authors in with claims that its books can compete with «traditional publishers,» offering «greater speed, higher
royalties, and more control for its
authors.»
There are variations of this model, such as advance
against royalties or
royalty - only, but the principle remains the same: the money flows toward the
author.
But the contract also has
royalty periods where a short time after the end of a certain period of time the
author should get an accounting from the publisher of the numbers of books sold
against the advance in that period of time.
I don't understand why you're
against us protecting
author's
royalties when I'm happy to spend the money to do this.
There the
author is lucky to be able to figure out
royalty statements for how many books sold and were held as reserves
against return in a six - month period a year after publication.
Publishers also establish a level of changes which they will allow the
author to make in the final stages of production, often 10 % or 15 % of the cost of preparing the proofs, above which the
author will be charged
against royalties.
We know how their
royalties are stacking up
against other Outskirts Press
authors and, more importantly,
against the self - publishing industry on average.
Most trade publishers have traditionally paid their
authors «advances
against royalties earned.»
Most traditional publishers will give the
author an advance
against royalties.
Both European and US
authors working directly with Amazon can now access a
royalty of 70 % of the cover price on their titles (as
against c. 7 % working through a publisher) which increases the chance that
authors may choose this route.
The amount of the advance
against royalties is based on many factors: the size of the publisher, the historical performance of similar books in the marketplace; the
author's track record and
author platform or both; and the topicality of the book.
What publishers and
authors typically refer to as a «book advance» is an «advance
against royalties.»
For the other 99.9 % of traditionally - published
authors, advances are no more than a loan made
against their own future
royalties.
The payments these few megabestseller
authors are receiving aren't really «advances
against royalties» in the true sense at all.
The publisher pays for editing, cover art, and also (usually) pays the
author an advance
against royalties with
royalties paid out to the
author through the sale of the book to the general public.
A class action lawsuit has been filed
against Simon & Schuster because S&S is reporting those purchases as «sales», which mean a lower
royalty rate for
authors, instead of as «licenses».
I track my own sales as listed by Amazon
Author Central (which gets its data from Bookscan)
against my actual sales as listed on my
royalty statements, and I find Bookscan is so far off as to be completely useless.
In addition to the specific terms the
author and publisher have agreed upon for things like the type of book, the advance
against royalty amount and the delivery date, the standard book contract encompasses a lengthy number of clauses covering important points in a book's life cycle and an
author's livelihood.
Some
authors don't know it, but Amazon charges delivery charges
against your
royalty based on the file size of your eBook.
Understanding the basics of
royalties and advances (that is, advance payments
against eventual
royalties) is critical for any
author.
Note:
Authors receive an advance against royalties; as books sell, authors earn a percentage of sales for each copy sold (a royalty), which is applied against the advance they re
Authors receive an advance
against royalties; as books sell,
authors earn a percentage of sales for each copy sold (a royalty), which is applied against the advance they re
authors earn a percentage of sales for each copy sold (a
royalty), which is applied
against the advance they received.
Once the book is acquired, the
author is often paid an advance
against royalties to be earned once the book is published.
Well,
royalties are charged
against advances, and if the book doesn't «earn out» its advance (and most do not), then the
author doesn't get another dime of
royalty income.
There's also the fact that many houses offer indie
authors an advance
against royalties, which — even if an indie
author is making more money by selling their book on their own — provides a certain level of long - term security.
The trustee was largely spared the arduous task of determining the
royalties and share of profits due to each
author, as the publications in question were largely provided by the
authors gratuitously or
against one - time payments that had previously been paid by the bankrupt in consideration of the right to publish the
author's work.