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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.

Re: Questions and Thanks!

Date: 2006-04-25 02:41 am (UTC)
From: [identity profile] alg.livejournal.com
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.

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anna genoese

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