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Originally Posted by pwalker8
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.
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Again, you aren't saying anything meaningful about the points raised... which is about par the course.
Again -- no one said publishers consider paying a 7-figure advance to be bad, it is simply that they are no longer able to snap up those books on the cheap -- which is less "good" than before (and which is not the same thing as "bad").
Again, fjtorres has already answered the point you attempted to make:
Quote:
Originally Posted by fjtorres
The new seven figure contracts are going to authors who established themselves on their oen, outside the tradpub establishment. These are newcomers who have effectively short circuited the entire traditional gatekeeping process and jumped right to the top tier.
When it comes go content acquisition, the process at the BPHs is a zero-sum game. Money that goes to one manuscript doesn't go to another. Given the disparity of contracts given to newcomers commonly run in the low 4-figure and occasionally as high as mid five figures, each author getting a million dollar contract is soaking up enough money to acquire a hundred manuscripts. A seven million dollar contract can easily mean a thousand other manuscripts go unfunded. And if those thousand manuscripts don't get published by the BPHs they will either go to other "lesser" tradpubs or go to the Indie side. Either way, the BPH footprint declines.
The issue isn't whether the BPH makes money of the million dollar contracts (they obviously expect to do so) but that as the size of their new release catalog goes down, their lose the chance to catch the next Nora Roberts or the next Patterson (or the next Wild or Wilder) on the cheap.
In 2014, the randy penguin was expected to publish over 14,000 titles, of which maybe a hundred became bestsellers. Very few of which actually got million dollar advances. If by 2018 the price for *potential* bestsellers runs in the million dollar range, of even in the mid 6 figure range, randy penguin is *not* going to be publishing 14,000 titles. They might not be publishing 7000. The other 7000 BPH-quality titles will be forced to find alternate wYs to market.
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Please stop trying to obfuscate the issue. It isn't working, and I for one am about ready to just stop paying attention to your latest wild distractions.