ext_40109 ([identity profile] alg.livejournal.com) wrote in [personal profile] alg 2006-04-25 02:41 am (UTC)

Re: Questions and Thanks!

Authors "willing to share the financial risk" are not actually sharing the financial risk. It only seems that way. The advance is actually shorthand for "advance against royalties" -- the publishing company still bears 100% of the financial burden.
(305 comments)

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