Thread: Authors get screwed by Agent Model
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Old 02-03-2010, 12:24 PM   #18
Pardoz
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Quote:
Originally Posted by Daithi View Post
It looks like Penguin's paperback royalties for a midlist author, on the top 20 on the New York Times bestseller list, is just 8% of the cover/list price -- 64 cents per book. Plus her agents cut (15%) comes out of her percentage.
If that's standard, Penguin's offering some of the best royalties in the industry - the numbers I've heard quoted are more like 10% for hardcover, 7-7.5% for trade paperback, and 5% for mass market, industry-wide (some authors get better or worse deals - sliding schemes for high hardcover sales, for example, where the rate goes up to 12% on sales over [x] copies).
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