Monday, February 4, 2008

Deal points (subsidiary rights)

It's Monday. I'm subbing, editing, rejecting, etc. etc. Mostly waiting, right along with you, my little beasties;)

Ran out of coffee, received correspondence from an editor that the post office had accidentally shredded (thank goodness it wasn't a royalty check). Did I say it's Monday?

As promised, here's a bit more concerning deal points. I'm not going to include graphic novel, dramatic (film and TV included), or merchandising here. Why? Because I'm a firm believer in holding all of those rights (so there nah nah). Here's a few--


Sale of mass market paperback reprint......................................50%

Book clubs.........................50%

First serial rights....................90%
(this covers a sale to a magazine prior to publication, often retained by the author)

Second serial rights...................50%
(this covers a sale to a magazine after publication)

Audio.....................................75%

An author should get at least 50%.

Foreign rights are an either/or. If the advance is high enough, or you feel the publisher is better equipped to sell, then shoot for 75% on foreign and translation, as opposed to keeping these.


Stay literate;)

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