|
DaiBach
|
|
|
|
I am thinking of submitting a novel to Pan Macmillan New Writing.
It is a straighforward process, although a tad impersonal.
However, they lay out their terms on the website, again straightforward, but then again, are they?
Here they are.
'Macmillan New Writing pays its authors a 20% royalty on net receipts but does not pay an advance (i.e. an advance payment against future sales). Our contract is standard and non-negotiable and we acquire world rights in all titles, with rights revenue split 50/50. We also reserve the option to publish the author’s second novel on the same terms as their first. If we acquire an author’s third novel it and any subsequent novels we acquire will be published, with an advance, under one of Pan Macmillan’s ‘mainstream’ imprints.'
So, what are 'net receipts', exactly?
'Gross receipts' are easy, but net receipts? Net of what?
If a work was sold abroad, what constitutes 'net revenues'?
And who decides on them? Supposing PanMacmillan decided to sell the book very cheaply to an overseas subsidiary who then sold it on with a higher than usual profit margins, would the writer benefit?
If the film rights were sold (I wish) who controls them?
I really would like to know, so if anyone can tell me I would be very grateful.
|
|
dancingsue
|
|
|
|
I would imagine The Society of Authors might be able to help with the fine print, but you'd have to be a member.
the long and the short of itTriclops: a collection of forty short stories by Avery Mathers, Susan Howe and Lee Williams.
|
|
pam123writing
|
|
|
|
David, the latest from them is they will now pay an advance for the second and subsequent novels. They changed that just recently. Tempy said her friend was happily published with them so she may have an idea of what to expect. We get 60% of the royalties from New Gen on sales. It's slightly higher but without the marketing force. 
"And, in the end, the love you take / Is equal to the love you make." Lennon and McCartney 1969
|
|
annswinfen
|
|
|
|
Net receipts means exactly that. If the publisher sells your book at a 60% discount to, say, Waterstone's, you would receive 20% of 40% of the retail price. Let us suppose the book's price is £7.99. At 60% discount, the publisher receives £3.196 and you receive about 64p. If the publisher sells at 50% discount (VERY common), the publisher receives £3.995 and you receive about 80p.
If Macmillan acquires world rights, you can't sell separately into the American market, which may or may not be a bad thing.
As for all subsidiary rights (not just film but foreign, ebook, large print, recording, serialisation, etc.) you need to check the contract. There are many other things to check, which I won't go into here.
Now, THIS IS VERY IMPORTANT! You don't have to be a member of the Society of Authors for them to check your contract. You can't JOIN until you have been commercially published, but if you have been offered a contract by a commercial publisher, the Society of Authors will check it for you before you sign.
Ann
|
|
sulcus
|
|
|
|
Quote: annswinfen, Thursday, 29 Jul 2010 12:06Net receipts means exactly that. If the publisher sells your book at a 60% discount to, say, Waterstone's, you would receive 20% of 40% of the retail price. Let us suppose the book's price is £7.99. At 60% discount, the publisher receives £3.196 and you receive about 64p. If the publisher sells at 50% discount (VERY common), the publisher receives £3.995 and you receive about 80p. If Macmillan acquires world rights, you can't sell separately into the American market, which may or may not be a bad thing. As for all subsidiary rights (not just film but foreign, ebook, large print, recording, serialisation, etc.) you need to check the contract. There are many other things to check, which I won't go into here. Now, THIS IS VERY IMPORTANT! You don't have to be a member of the Society of Authors for them to check your contract. You can't JOIN until you have been commercially published, but if you have been offered a contract by a commercial publisher, the Society of Authors will check it for you before you sign. Ann Great advice Ann, many thanks
"A,B&E", "Not In My Name" and "52FF" (flash fiction anthology) all available on Amazon Kindle"How a psychopath makes sweet love. I can get you ringside. Royal box even."
|
|
annswinfen
|
|
|
|
N.B.
The Society will check it EVEN IF YOU ARE NOT A MEMBER.
I should have made that clear before.
|
|
annswinfen
|
|
|
|
Quote: sulcus, Thursday, 29 Jul 2010 12:20Quote: annswinfen, Thursday, 29 Jul 2010 12:06Net receipts means exactly that. If the publisher sells your book at a 60% discount to, say, Waterstone's, you would receive 20% of 40% of the retail price. Let us suppose the book's price is £7.99. At 60% discount, the publisher receives £3.196 and you receive about 64p. If the publisher sells at 50% discount (VERY common), the publisher receives £3.995 and you receive about 80p. If Macmillan acquires world rights, you can't sell separately into the American market, which may or may not be a bad thing. As for all subsidiary rights (not just film but foreign, ebook, large print, recording, serialisation, etc.) you need to check the contract. There are many other things to check, which I won't go into here. Now, THIS IS VERY IMPORTANT! You don't have to be a member of the Society of Authors for them to check your contract. You can't JOIN until you have been commercially published, but if you have been offered a contract by a commercial publisher, the Society of Authors will check it for you before you sign. Ann Great advice Ann, many thanks You're welcome, Marc.
|
|
unclearthur
|
|
|
|
Quote: pam123writing, Thursday, 29 Jul 2010 10:27David, the latest from them is they will now pay an advance for the second and subsequent novels. They changed that just recently. Tempy said her friend was happily published with them so she may have an idea of what to expect. We get 60% of the royalties from New Gen on sales. It's slightly higher but without the marketing force. They do a very polite rejection letter, too! My Blog
 www.cavalrytales.co.uk'The battle that never ends is the battle of belief against disbelief'
|
Can anyone out there explain . . .?
29 Jul 2010, 09:17
