...the concept of royalties is a fair one but that the changes in our business have made it, in its present form (a percentage of the UK published price of a book), unwieldy and unrealistic.Charkin argues that payments should be based on publishers' gross income rather than retail price.
The percentage is linked to a price which applies in only a minority of cases. It doesn't apply to all sales overseas; it doesn't apply to nearly all sales made in supermarkets, Internet bookshops and many bookshop chains.
He returns to the subject in another post, with a link to a radical proposal for abolishing royalties altogether (sort of).
I am being contracted to write a series of small books for a new inovative publishing company. I have been offered 10% royalties on the sale of the books and a 10% share in the company's profits.From the 10% royalty of each book I will receive roughly 8% because the illustrator will receive the other 2%.Is this fair?
ReplyDeleteG Ford