This sounds like a game changer to me: http://lat.ms/r7D8Em
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Precedents are important. First there was no slope, now there is one, and only time will tell how slippery it'll turn out to be.
I find it amusing that mere months ago virtually every inside commentator I encountered on the web--agents, editors, authors and so on--said this could never happen.
The other may be Barry Eisler, or perhaps Konrath, though Konrath isn't as valuable to publishers as Eisler.
I have a novel out and have raised the point of keeping e-rights. My agent has said, "no publisher will accept a book without e-rights." Mind you, they pay a small amount over the pitiful 15 % I got from Penguin. 35 % was mentioned. I hear some authors get 50%. That is 50 % after Amazon and the others have taken their 35 %.
The really scary part is that e-books don't go out of print. I'm stuck with the Penguin deal and it hurts my sales as much as it affects royalties. I'm so angry about this situation that I may have to turn down print contracts in the future in order to protect my electronic rights. I'm totally opposed to giving e-rights to print publishers. Let all the rights go separately to those who offer for them.
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