Archive for the ‘business’ Category
Publishers’ relationships with readers and authors is changing; becoming closer and more interactive. What does this mean for authors? This is a presentation from the Kate Nash Literary Agency Day which took place on 15th June 2013 in London. How Publishing Sees Readers
Today’s publishing model is tomorrow’s chip paper. Publishing is changing fast, so where are we now? This is a presentation from the Kate Nash Literary Agency Day which took place on 15th June 2013 in London. Publishing Today
As it’s nearly the end of the tax year I’m working today on annual statements for my clients. I am not a natural admin person but am a fan of having straightforward documentation so me, my authors and the tax man, should he come knocking, can all see what’s going on. Apart from this I’m busy with preparations for the London Book Fair – and the York Festival of Writing – I realised last night I haven’t written my workshop yet as I’ve been so tied up with the organisation of the Festival as a whole. That might be bank holiday Monday’s job…
A good writer does not mince words and so my summary for the Kate Nash Literary Agency’s first year stands. Launching any new business in a recession is difficult but publishing is going through its own particular stormy weather and evolving. In 2009 we said goodbye to Borders UK, we should have said hello to the Amazon Kindle and we got our knickers in a twist about the Google Book Settlement.
I remain concerned about erosions of authors’ rights and underwhelmed by a rosy future belonging only to the ebook. However, I am more optimistic for 2010 as a whole, and will continue to report the journey.
There are no doubt people who assume the life of a literary agent is (apart from being drowned by vast paper mountains) all glamour and champagne. Actually, it’s hard work and at this time of year there is the additional drudgery of royalty statements. Royalty statements are produced by publishers, typically six-monthly, to show how many copies of an author’s books have been sold and therefore how much in royalties is owed to the author.
Advances and provisions for returns will generally be offset against this figure so authors receive additional monies only after their advance has “earned out” (as the phrase goes).
The upsides of royalty statements are:
- that hopefully royalties are owed and therefore a cheque is enclosed.
- they contain valuable information. The agent and author can see in detail how a title has sold and where things stand.
The downsides are:
- admin involved in dealing with them and checking. Especially if your agent is a one-person business like me and therefore there is no one else to pass this chore onto.
- every publisher has their own system and conventions and so deciphering what is going on isn’t as straightforward as you might think.
I have been having a reading day today in an attempt to catch up. This involves, you guessed it, reading material all day, and especially requested fulls from The Pile and also from existing clients. Today I’ve finished two scripts and am half way through another which I hope to finish tonight although I admit I am going a little pie eyed so need a break.
I already read almost every evening, on train journeys once or twice a week, and then also during the day when I get the time but stuff has been piling up at a faster rate than I can read it. How many novel length manuscripts do you think I’ll read in a year?
Two exciting things happened today: the first is that the first advance cheque arrived from a publisher for a book sold by the Kate Nash Literary Agency. So it will be a novelty at the bank tomorrow morning actually paying some money in, as so far the Agency has been about paying money out on all the various business expenses.
I will be announcing book sales and my debut client list this week so watch this space.
The second exciting thing was getting an invite to come to Winchester Writers Conference in July. I will be doing some 1-to-1 appointments there on Saturday 4th July. Full details tbc.