Getting Paid: How Do Authors Make Money from Library Books?
Much has been said about the battle between publishers and libraries. Libraries objected to high prices, especially for e-books, and publishers moaned about decreasing profits. Discussions center around ownership models and digital preservation, but one variable is missing in all of these equations: the author.
The E-Book and Right of Use
It used to work like this: the publisher (i.e. one of the Big Five or their subsidiaries) bought the author’s manuscript. The author signed a contract to collect a certain amount of royalties from each sale. Different sales yielded different royalties.
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