From Teleread, a summary of an ongoing exchange between the Kensington Publishing CEO and a variety of authors that highlights the growing divergence in world view between tradpub-supporters and authors.
http://www.teleread.com/ebooks/discu...s-and-writers/
Quote:
An interesting thing happened a few days ago. An author posted the details of her publishing contract, including exactly how much (or more aptly, I gather, how little) she was making from her traditionally-published book. She was forced to take it down for “contract disclosure reasons” shortly afterward, and it had already expired from Google’s cache by the time I went looking for it, so I don’t know the specifics.
When Passive Guy at The Passive Voice linked said article, the discussion became the most active he’d ever seen on his blog—298 comments at this point, and probably more by the time you read this. Part of this is probably because Steven Zacharius, CEO of Kensington Books, started commenting and engaging with authors in the discussion. (He had previously written a column on Huffington Post about “the myth and the reality” of self-publishing advising writers not to quit their day job yet; self-publishing writer Laura Kaye responded and a link in the comments led him to Passive Voice.) And from the way the discussion went, as well as the one on Kaye’s blog, it’s pretty clear that traditional publishing house execs and house-published/self-publishing authors have some way to go yet before they see eye to eye—if indeed they ever will.
|
Traditional publishers and midlist authors have very different value systems and expectations and the changing economics of modern publishing are exposing the previously hidden stresses.
"Interesting" times are upon us.
(Lots more at the sources, approaching novella length.)