Well I should say it is totally honest. But the question is how does a company stay in business then? The answer is that it is the same model as movies. MOST movies/books do horrendous and lose money for the company. However... the ones that are profitable, are usually HUGE for the company... and off-set the loses.
10 projects lose the company $21,000 each for a total of $210,000. But they have one book that hits the NY Times best sellers list and makes them $500,000... that's $390,000 more and can off-set the cost of 10+ more projects. Plus that same book that hits the NY Times best sellers list, well it turns out that Ron Howard really likes it and wants to do a movie of it. He offers to buy the rights for $500,000. But oh wait... A smaller director wants to do it... and he wants it to be his firt big hit, so he offers $750,000. But Ron Howard can dish out more so he ups it to $1,000,000. You get the idea.
Books become profitable when they sell off the subsidiary rights, including movie, tv shows, paper back rights, foreign rights.
This right up makes it out to be that the only profits are people buying books.
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Movie Biz and Why this isn't totally honest...
Date: 2006-04-25 04:28 pm (UTC)10 projects lose the company $21,000 each for a total of $210,000. But they have one book that hits the NY Times best sellers list and makes them $500,000... that's $390,000 more and can off-set the cost of 10+ more projects. Plus that same book that hits the NY Times best sellers list, well it turns out that Ron Howard really likes it and wants to do a movie of it. He offers to buy the rights for $500,000. But oh wait... A smaller director wants to do it... and he wants it to be his firt big hit, so he offers $750,000. But Ron Howard can dish out more so he ups it to $1,000,000. You get the idea.
Books become profitable when they sell off the subsidiary rights, including movie, tv shows, paper back rights, foreign rights.
This right up makes it out to be that the only profits are people buying books.