UPDATE: I received an email from Allison Dobson, Director of Digital Imprints at Random House, regarding recent changes made to the Hydra, Alibi, Lovestruck and Flirt ebook-only imprint contracts (based on what I’m sure was a torrent of critical feedback). Read about the changes here, on the Writer Beware website (or see the full, official PDF here).
Essentially, they’re offering two packages: one that’s a more traditional advance-and-royalty deal, and another that’s still the original “profit sharing” deal with some important changes. No longer will Random House charge a setup cost or a fee for the sales/marketing/promotion; that’s part of the package, up to a certain amount.
So, I think that addresses a lot of the concerns raised in this post (and by other critics on the web)–but I am still leery of this emerging trend.
This is a bit of a gossip post because sometimes, I think it’s important to spread certain gossip–especially as it pertains to large publishing houses (corporations) screwing writers who aren’t aware they’re being screwed. (more…)