What Is Earn-Out Publishing?
Earn-out publishing refers to aspects of a contract between a writer and a print publisher. When a writer finishes her manuscript, she will send it to various agents and publishing houses in hopes of getting it published. If the publishers feel the manuscript will earn them money, they will meet with the author to sign a contract with her, which takes care of the financial part of the book deal.
Other People Are Reading
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Book Deal
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An author receives a book deal when a publisher feels that his manuscript will earn them money. The publisher then has the author sign a legally binding contract to the rights of the book.
Advance
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An advance is the sum of money the publisher pays the author for the initial rights to her book. The sum is often several thousands of dollars or more, depending on the author's success.
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Royalties
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Royalties are the periodic sums of money the author receives when the publisher is profiting off the book they bought from the author.
Earn Out
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A book earns out when money from its sales exceed the advance the publisher initially paid the author. Then, the author starts getting royalties periodically according to the contract, and the publisher gets a profit as well.
Publishing
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Earn-out publishing happens when the publisher expects books to sell based solely on the author's reputation, and they pay him a large advance to start printing books in the hardcover version first before printing paperback copies.
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References
- The Complete Guide to Self Publishing, by Tom Ross
- Fiera Milano, Leading Publishing Group, Press Release
- American Society of Journalists and Authors
Resources
- Photo Credit http://graphics.kodak.com/KodakGCG/uploadedImages/kodak_092-230806%5B1%5D.JPG
