Quote:
Originally Posted by eschwartz
Very well then, I will explain it for you. 
Buried within that, there is indeed mention of advances. This was not, however, a rant about advances, this was a rant about less sales and fewer blockbuster hits.
Brought as supporting evidence is the fact that authors who once would have taken a 5-figure advance and been happy (because they finally got published) are now commanding 7-figure advances -- if they accept at all.
The takeaway is that publishers are finding it harder to get ahold of blockbuster hits, and more expensive as well.
No duh it's still worth it for them -- why would you think anyone would argue otherwise? 
However, as fjtorres went to lengths to explain, BWMs are headed in a downward direction. </clue-by-four>
You might disagree with the conclusions that he drew, but please, if you do so, at least, well, do so -- rather tahn speak to a point which wasn't made...
This paragraph right here? :
That was meant to be taken as a whole. </clue-by-four> |
A lot of self contradictory statements in there. It's pretty hard for a publisher to give an author a 7 figure advance if they never got a change to bid on it. Once again, an author only gets an advance _if_ they sign with a publisher. There is no such thing as an advance for a book that is being published by the author. A publisher only gives an author an advance that they think will earn out. A publisher giving an author a 7 figure advance means that they think that the author's royalties for a book will be 7 figures. This is a good thing for the publishers, not a bad thing.