Quote:
Originally Posted by nabsltd
So, what you're saying is that publishers never really lose money on any books...they just fudge the accounting to make it look like most authors never earn back their advance.
Because, that's the way it has been for almost all movies, TV shows and musical recordings for the last 50 years. |
Nope. I meant exactly what I said. Most
new product from movie studios, record companies, and book publishers tanks. It fails to find an audience, and doesn't recover what it cost to produce it. (And you can add comic books and live theater to that list.)
People in the business of producing such things all bet enough of what they make
will sell to cover the losses on the stuff that doesn't, and make them enough money to remain in business. Sometimes they lose the bet and go out of business.
It's why folks in film and TV dream of franchise properties, and why publishers are enamored of series. The best bet on whether something will sell is if it already
has, and the new entrant is one more of something that already has a market.
Creative accounting certainly exists, but that's a separate issue.
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Dennis