P&Ls and how books make (or don't) money

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Profit & Loss/Profitability & Liability: How Books Make (or Don't Make!) Money

A basic outline of what happens when an editor buys a book and wants to publish it. This is very much a basic look at publishing and publishing finance, with some explanation of terms commonly used by the marketing and sales departments.

Comments

Re: Movie Biz and Why this isn't totally honest...

[(Anonymous)]

You've touched on something that I've tried to determine for the music industry -- namely, what is the range of profitability for a project? As you said, blockbusters tend to compensate for busts, but how often do each occur, and what about the 'tweens? Show me an historical frequency chart and I'll show you the underpinnings of corporate financial strategy.