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'Computers in 1999 according to 1966 film :-)' posted by Selma - 25/04/2008, 15:56:35

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Cam, before<a href="
Cam, before ebcraming the idea of higher royalties in exchange for lower advances, you have to keep in mind how many houses don't report roylaties accurately. For example, three major houses have been successfully sued for this just by people whom I know personally, and a fourth is currently being sued.Collecting royalties can also be a problem in dealing with small presses, which don't all manage their monies as well as they could. (I speak from recent personal experience with this.)So much of advances negotiations for a writer is based on knowing that if you ever do get any royalties, there's a reasonable chance you're not actually going to get what you should, and so it's best to collect as much as possible up front.A massive corporation that's part of an international conglomerate is better at hiding income than an individual author, her auditor, or her lawyer are at finding it. One writer who agreed to a large settlement after 3 years of legal battles told me that sum was considerably less than what was missing, but they were settling because they knew they'd never find the rest.The problems involved in royalty reporting and payments is why writers want such big advances. It's a way of ensuring we actually get paid, and that we make our deal decisions on the basis of KNOWING what we're getting paid. I tend to regard my royalty earnings as confirmation that I should keep asking for bigger advances.





(VISITOR) AUTHOR'S NAME
Romulo

MESSAGE TIMESTAMP
19 december 2014, 08:28:30

AUTHOR'S IP LOGGED
114.41.13.120




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