Quote:
Originally Posted by kennyc
Uh no, on virtually all counts.
They pay the creators of the works only a small fraction of what is earned. The risks are their own, it has nothing to do with the author. They lose money because of stupid decisions and bad bets. It's their own fault. They want to sign multiple book deals to lock the author in, regardless of anything else, another one of those 'betting' things, but they can't lose because if the author's work sucks then they just go with it, no loss. If the author wins big then they only pay a pittance percentage to the creator and pocket the winnings while retaining all rights to the authors works.
You are WRONG, WRONG, WRONG.
|
What, it seems you are confused ot totally wrong.
Of course there is a loss paying an advance and publishing a book that does not sell. So how can you claim that there is no loss? And there should be a loss even without an advance if the book does not sell enough.
Of course when you are investing you loose money on some authors and make a small profit on some authors and on very few authors you make a big profit. That is the nature of how it works. Talking about " pay the creators of the works only a small fraction of what is earned" is then totally irrelevant. For a lot of books they pay more than what is earned.