Priced much lower than hardcovers, many e-books generate less income for publishers. And big retailers are buying fewer titles. As a result, the publishers who nurtured generations of America's top literary-fiction writers are approving fewer book deals and signing fewer new writers….If you want more, link over. It’s not all bad news:
From an e-book sale, an author makes a little more than half what he or she makes from a hardcover sale….
The Authors Guild and some literary agents are urging publishers to raise the author's share of e-books to as high as 50%, arguing that there is less overhead for a digital book. Thus far, publishers are resisting.
But the author received only a $1,000 advance, typical of the advances paid by small independents. "I can't make a living as a writer, but it feels great to have these stories out in the world," says Mr. Lea.… The smaller advance has a ripple effect. Ms. Daniels, who earns a 15% commission, used to make $11,250 on a big publisher advance of $75,000 or so. Her cut on Mr. Lea's $1,000: $150.
Big-name authors and novels that are considered commercial are increasingly in demand as e-book readers gravitate toward best sellers with big plots.There are a lot of implications in this article. The big one that strikes me is one writers in the trenches already know. More so than ever before, writers have to be out in the cyberworld every day selling their books. What are your thoughts?