Quote:
Originally Posted by DMcCunney
Most books don't earn out, and are losses for the publisher.
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Dennis
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Thanks for your comments. You are certainly closer to the industry than I am. However, it seems to me that not "earning out" is not synonymous with the publisher making a loss on the book. This is perhaps why agents try to negotiate an advance high enough that a book will never earn out. And also perhaps why publishers agree to this often enough that "the vast majority of books don't sell well enough to generate royalties",