With Author Control, there is no reason for a publisher to not give its authors daily access to their sales data, rather than making them continue to wait
for quarterly sales reports.
Traditional publishers have long
issued quarterly sales reports to their authors, often distributed three months after the fact, and... [Read more...]
Mr Scott, who takes the helm from Richard Goyder in November, is considering
abandoning quarterly sales reports, saying they encourage short - term thinking and can be a distraction for management and investors.
The author (and still rights holder) has no access to the sales data or royalty payments, and instead has to request that information from the publisher in terms
of quarterly sales reports and quarterly royalty checks, which often include as much as 55 % of net sales deducted for the publisher.
Traditional publishers have long
issued quarterly sales reports to their authors, often distributed three months after the fact, and that's one of the many reasons authors cite for trying to go it alone.
Interestingly, access to data is one chief area where self - published authors have a slight advantage over their traditionally published peers; sales data for most online retailers is updated at least hourly, whereas most traditionally published authors wait for
quarterly sales reports from their publishers which are usually prepared one quarter behind.
DETROIT (Reuters)- General Motors Co (GM.N) said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30 - day snapshot does not accurately reflect the market and the company will, instead, issue
quarterly sales reports.
From my personal experience and that of other authors I know, indie press houses have a poor record of sending monthly or
quarterly sales reports, even if these reports are stipulated in the contract.
Publishers receive
a quarterly sales report, and little else.