"The digital revolution that was supposed to have prevailed by now remains stalled. Independent bookstores, supposedly on the same path to oblivion as video stores and record shops, have grown for six consecutive years. Authors and agents are unhappy with the standard e-book royalty, 25 percent, but the once-predicted exodus to Amazon and other digital companies offering higher rates has yet to happen. "I think traditional publishing offers elements that are still essential to writers and readers," said Roxana Robinson, president of the Authors Guild, a trade association for thousands of writers. "No one in the writing community likes the low e-book royalty rates, and I think you'll see a concerted effort to change them. But for many writers, the advantages offered by traditional houses still outweigh the disadvantages." "It's not that nothing has changed," said literary agent Eric Simonoff, noting the downfall of the Borders superstore chain and the prevalence of e-books for romance novels and other genres. "But it's still a generally healthy business and it's still primarily physical books. It speaks to the reports of the demise of publishing being greatly exaggerated.""
Showing posts with label ebook royalties. Show all posts
Showing posts with label ebook royalties. Show all posts
Wednesday, May 27, 2015
Publishing World Gathers This Week for Book Conventions; Associated Press via New York Times, 5/26/15
Associated Press via New York Times; Publishing World Gathers This Week for Book Conventions:
Sunday, July 25, 2010
Celebrated authors bypass publishing houses to sell ebooks via Amazon; (London) Guardian, 7/22/10
Alison Flood, (London) Guardian; Celebrated authors bypass publishing houses to sell ebooks via Amazon: Discontent over digital royalties prompts Roth, Amis and other leading names to enter into exclusive deal with Odyssey Editions:
"An eye-wateringly stellar list of authors, from Philip Roth to Orhan Pamuk, Martin Amis and John Updike, is bypassing publishers to sell digital editions of books directly to readers, via Amazon.
The brainchild of uber-agent Andrew "The Jackal" Wylie, Odyssey Editions launches today. It offers 20 modern literary classics as ebooks for the first time, exclusively via Amazon.com's Kindle store. The books, all priced at Amazon's usual ebook rate of $9.99, range from Amis's London Fields, Rushdie's Midnight's Children, Roth's Portnoy's Complaint and VS Naipaul's The Enigma of Arrival to titles from the estates of dead authors such as John Updike, William S Burroughs, Saul Bellow and Hunter S Thompson.
The authors all share Wylie as their agent, and the move makes good on his threat last month that, dissatisfied with the terms publishers have been offering for ebooks, he would remove them from the equation.
"We will take our 700 clients, see what rights are not allocated to publishers, and establish a company on their behalf to license those ebook rights directly to someone like Google, Amazon.com, or Apple. It would be another business, set up on parallel tracks to the frontlist book business," he told Harvard Magazine in June.
The exclusive deal with Amazon, which will last for two years, effectively removes other booksellers from the equation as well: modern classics including Vladimir Nabokov's Lolita and Hunter S Thompson's Fear and Loathing in Las Vegas will only be sold through the internet retailer.
"As the market for ebooks grows, it will be important for readers to have access in ebook format to the best contemporary literature the world has to offer," said Wylie, who worked with the UK company Enhanced Editions on the digital project. "This publishing programme is designed to address that need, and to help ebook readers build a digital library of classic contemporary literature."
The move is likely to concern publishers. In December, Random House wrote to agents informing them of its belief that it holds exclusive rights to digital editions of the "vast majority" of its backlist titles, even those acquired before electronic rights were specifically included in contracts. That letter enraged authors, and the Authors Guild issued a statement saying that "publishers acquire only the rights that they bargain for; authors retain rights they have not expressly granted to publishers. E-book rights, under older book contracts, were retained by the authors."
The guild also pointed to a 2001 court ruling, which dismissed Random House's claim that its copyright had been breached when ebook publisher Rosetta Books acquired digital rights in eight novels by the American writers Kurt Vonnegut and William Styron.
But Random House – which publishes physical editions of some of the Odyssey titles – looks set to challenge the new venture. Spokesman Stuart Applebaum said in a statement that the publisher was "disappointed by Mr Wylie's actions".
He continued: "Last night, we sent a letter to Amazon disputing their rights to legally sell these titles, which are subject to active Random House publishing agreements. Upon assessing our business options, we will be taking appropriate action."
Eleven of the Odyssey titles will be available globally, according to Amazon.com. The tension between publishers and authors over ebook rights has also been growing in the UK: earlier this month historian and novelist Tom Holland, chair of the Society of Authors, said that the deals authors were being asked to sign up to for ebooks were "not remotely fair".
The current standard royalty for ebooks in the UK is 25%, but authors believe it should be 50%, as digital editions have lower warehousing and distribution costs.
American literary agent Robert Gottlieb, chairman of the Trident Media Group, said agents were also pushing for better royalty rates in the US. "As of this time, publishers are doing their hardest to hold to the 25%. My view is this is a moving target and, as time goes by and the market place becomes more competitive, publishers will have to negotiate ebook royalties on a case-by-case basis," he said.
Although Gottlieb wished Andrew well in his new venture, he felt that an agent becoming, in effect, a publisher contained "the potential for a conflict of interest with authors and/or estates", and is not contemplating a similar move himself.
Wylie's initiative is not the first time authors have looked to bypass publishers. In December, bestselling business author Stephen Covey announced that he had sold exclusive digital rights in two of his bestselling titles to Amazon, cutting out his traditional publisher Simon & Schuster.
The deal was made via Rosetta Books, which also struck a similar deal in the US for a collection of titles by Ian McEwan. And with Amazon.com offering authors a royalty of 70% for ebooks sold via its Kindle store, the trend only looks set to continue.
Full list of titles published by Odyssey Editions and available on the Kindle:
London Fields by Martin Amis
The Adventures of Augie March by Saul Bellow
Ficciones (Spanish edition) by Jorge Luis Borges
Junky by William Burroughs
The Stories of John Cheever by John Cheever
Invisible Man by Ralph Ellison
Love Medicine by Louise Erdrich
The Naked and the Dead by Norman Mailer
Lolita by Vladimir Nabokov
The Enigma of Arrival by VS Naipaul
The White Castle by Orhan Pamuk
Portnoy's Complaint by Philip Roth
Midnight's Children by Salman Rushdie
The Man Who Mistook His Wife for a Hat by Oliver Sacks
Fear and Loathing in Las Vegas by Hunter S Thompson
Rabbit Run by John Updike
Rabbit Redux by John Updike
Rabbit is Rich by John Updike
Rabbit at Rest by John Updike
Brideshead Revisited by Evelyn Waugh"
http://www.guardian.co.uk/books/2010/jul/22/authors-bypass-publishers-ebooks-amazon
"An eye-wateringly stellar list of authors, from Philip Roth to Orhan Pamuk, Martin Amis and John Updike, is bypassing publishers to sell digital editions of books directly to readers, via Amazon.
The brainchild of uber-agent Andrew "The Jackal" Wylie, Odyssey Editions launches today. It offers 20 modern literary classics as ebooks for the first time, exclusively via Amazon.com's Kindle store. The books, all priced at Amazon's usual ebook rate of $9.99, range from Amis's London Fields, Rushdie's Midnight's Children, Roth's Portnoy's Complaint and VS Naipaul's The Enigma of Arrival to titles from the estates of dead authors such as John Updike, William S Burroughs, Saul Bellow and Hunter S Thompson.
The authors all share Wylie as their agent, and the move makes good on his threat last month that, dissatisfied with the terms publishers have been offering for ebooks, he would remove them from the equation.
"We will take our 700 clients, see what rights are not allocated to publishers, and establish a company on their behalf to license those ebook rights directly to someone like Google, Amazon.com, or Apple. It would be another business, set up on parallel tracks to the frontlist book business," he told Harvard Magazine in June.
The exclusive deal with Amazon, which will last for two years, effectively removes other booksellers from the equation as well: modern classics including Vladimir Nabokov's Lolita and Hunter S Thompson's Fear and Loathing in Las Vegas will only be sold through the internet retailer.
"As the market for ebooks grows, it will be important for readers to have access in ebook format to the best contemporary literature the world has to offer," said Wylie, who worked with the UK company Enhanced Editions on the digital project. "This publishing programme is designed to address that need, and to help ebook readers build a digital library of classic contemporary literature."
The move is likely to concern publishers. In December, Random House wrote to agents informing them of its belief that it holds exclusive rights to digital editions of the "vast majority" of its backlist titles, even those acquired before electronic rights were specifically included in contracts. That letter enraged authors, and the Authors Guild issued a statement saying that "publishers acquire only the rights that they bargain for; authors retain rights they have not expressly granted to publishers. E-book rights, under older book contracts, were retained by the authors."
The guild also pointed to a 2001 court ruling, which dismissed Random House's claim that its copyright had been breached when ebook publisher Rosetta Books acquired digital rights in eight novels by the American writers Kurt Vonnegut and William Styron.
But Random House – which publishes physical editions of some of the Odyssey titles – looks set to challenge the new venture. Spokesman Stuart Applebaum said in a statement that the publisher was "disappointed by Mr Wylie's actions".
He continued: "Last night, we sent a letter to Amazon disputing their rights to legally sell these titles, which are subject to active Random House publishing agreements. Upon assessing our business options, we will be taking appropriate action."
Eleven of the Odyssey titles will be available globally, according to Amazon.com. The tension between publishers and authors over ebook rights has also been growing in the UK: earlier this month historian and novelist Tom Holland, chair of the Society of Authors, said that the deals authors were being asked to sign up to for ebooks were "not remotely fair".
The current standard royalty for ebooks in the UK is 25%, but authors believe it should be 50%, as digital editions have lower warehousing and distribution costs.
American literary agent Robert Gottlieb, chairman of the Trident Media Group, said agents were also pushing for better royalty rates in the US. "As of this time, publishers are doing their hardest to hold to the 25%. My view is this is a moving target and, as time goes by and the market place becomes more competitive, publishers will have to negotiate ebook royalties on a case-by-case basis," he said.
Although Gottlieb wished Andrew well in his new venture, he felt that an agent becoming, in effect, a publisher contained "the potential for a conflict of interest with authors and/or estates", and is not contemplating a similar move himself.
Wylie's initiative is not the first time authors have looked to bypass publishers. In December, bestselling business author Stephen Covey announced that he had sold exclusive digital rights in two of his bestselling titles to Amazon, cutting out his traditional publisher Simon & Schuster.
The deal was made via Rosetta Books, which also struck a similar deal in the US for a collection of titles by Ian McEwan. And with Amazon.com offering authors a royalty of 70% for ebooks sold via its Kindle store, the trend only looks set to continue.
Full list of titles published by Odyssey Editions and available on the Kindle:
London Fields by Martin Amis
The Adventures of Augie March by Saul Bellow
Ficciones (Spanish edition) by Jorge Luis Borges
Junky by William Burroughs
The Stories of John Cheever by John Cheever
Invisible Man by Ralph Ellison
Love Medicine by Louise Erdrich
The Naked and the Dead by Norman Mailer
Lolita by Vladimir Nabokov
The Enigma of Arrival by VS Naipaul
The White Castle by Orhan Pamuk
Portnoy's Complaint by Philip Roth
Midnight's Children by Salman Rushdie
The Man Who Mistook His Wife for a Hat by Oliver Sacks
Fear and Loathing in Las Vegas by Hunter S Thompson
Rabbit Run by John Updike
Rabbit Redux by John Updike
Rabbit is Rich by John Updike
Rabbit at Rest by John Updike
Brideshead Revisited by Evelyn Waugh"
http://www.guardian.co.uk/books/2010/jul/22/authors-bypass-publishers-ebooks-amazon
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