Royalties: Past, Present, and Future

Royalties PresentationWhat does the word “royalty” mean to you as an author? In their presentation, “Royalties: Past, Present, and Future” at the 31stAnnual Textbook & Academic Authoring Conference, royalty auditor Juli Saitz of Ankura Consulting Group, and veteran publishing insider Sean Wakely of FlatWorld, discussed the history and anticipated future of textbook author royalties.

In a traditional author-publisher relationship, the publisher is providing financial capital and the author is providing human capital for the development and publication of a book. The negotiation of royalty payments from the sales of the book determines how the profit from such sales is divided. Consequently, the royalty model represents a shared risk between author and publisher and also a shared reward – especially when a title is successful. [Read more…]