Tuesday, December 15, 2009

Electronic Rights Means More Money for Authors

It sure do, honey. Check out NYT story on how upset Simon& Schuster is that one of their biggest authors (Stephen R. Covey, Seven Habits of Highly Effective People (1989) & sequelae) has sold his electronic book rights to a company that'll give him 50 percent when people buy electronic versions of his books. You think Amazon.com taking 50 percent is outrageous? Well, Simon & Schuster would have taken 75 percent.

"Ever since electronic books emerged as a major growth market, New York’s largest publishing houses have worried that big-name authors might sign deals directly with e-book retailers or other new ventures, bypassing traditional publishers entirely." (Poor publishers; now they suffer they way WE did when THEY bypassed fairness to writers!)

I specifically claimed all electronic rights to the text of Meet Me just for that reason; and when you sign book contracts -- be a highly effective person and do the same!

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