More often, the publisher can make money when the author doesn't earn back his or her advance.
I'll take this to mean that sales of the hypothetical book were insufficient to cover the royalties which the author was paid in their advance. In this event, is the author obligated to pay back that portion of the advance or is that just part of the gamble which the publishing house takes on?
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
Betraying my ignorance of the publishing process..
Date: 2004-08-06 12:27 am (UTC)More often, the publisher can make money when the author doesn't earn back his or her advance.
I'll take this to mean that sales of the hypothetical book were insufficient to cover the royalties which the author was paid in their advance. In this event, is the author obligated to pay back that portion of the advance or is that just part of the gamble which the publishing house takes on?