A PERFECT STORM?

This article presents the author's opinion on the royalty system prevailing in the book publishing industry of Great Britain. He feels that the royalty system of the industry should be reformed. The literary agents of the industry refuse to accept that an author's earnings should be calculated as a...

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Bibliographic Details
Published in:Bookseller no. 5230; p. 22
Main Author: Cheetham, Anthony
Format: Article
Published: Bookseller Media Ltd 5/19/2006
Subjects:
Online Access:View this record in EBSCOhost
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        au: Cheetham, Anthony
        affil: Chairman of Quercus and The Friday Project
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        Royalties (Copyright)
        Author-publisher relations
        User charges
        Commercial agents
        Literary agents
        United Kingdom
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          Royalties (Copyright)
          Author-publisher relations
          User charges
          Commercial agents
          Literary agents
      ab: This article presents the author's opinion on the royalty system prevailing in the book publishing industry of Great Britain. He feels that the royalty system of the industry should be reformed. The literary agents of the industry refuse to accept that an author's earnings should be calculated as a proportion of the income received by the publisher. Instead, the industry is lumbered with an arcane system whereby the author's royalty is linked to a notional figure, the recommended retail price, which has little to do with either the actual selling price or the publisher's receipts.
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