Online royalty statements: A modest proposal

Pat Holt makes a modest proposal on the “Holt Uncensored” blog:

If you were an author, wouldn’t it be great if your publisher gave you a password to your own royalty account?
This would be an online, frequently updated, always accessible, entirely confidential page on your publisher’s website that would replace the current system.

As frequently as you wish, you could check sales of your book, the rate of returns, the percentage taken out for reserves and varying royalty rates for bulk sales, special sales, premium sales, electronic sales, and so forth.

Given the amount of money many publishers spend on internal systems to share data among departments and to transmit data to wholesalers and distributors, why would the development and implementation of a system to share data with authors be an outrageous proposition? Read’s Pat’s complete post on the Holt Uncensored blog and you may find yourself asking the same question.

Considering the future of publishing

Few industries have escaped feeling the dark economic news of recent weeks (and months). Although articles and opinion pieces about the future of publishing run the gamut from glowingly hopeful reports to the-sky-is-falling predictions of doom, some observers are taking a more balanced view of how belt tightening has affected the industry, and what kinds of changes are taking place in day-to-day business.

One such perspective is offered by Leon Neyfakh in the 14 October 2008 New York Observer, available online and worth reading for anyone considering a trek down the path to publication. While larger houses and agencies may be facing greater challenges to meet revenue projections, the economic downturn may present opportunities to smaller publishers, university presses, and other, more nimble members of the industry. (Thanks to MediaBistro for the pointer.)