As writers, we compulsively visualize ourselves taking the publishing world by storm. We imagine opening the mailbox and getting that contract. We see ourselves sitting on a couch across from Craig Ferguson (insert your favorite talk show host’s name here) talking about our latest bestsellers. We walk into bookstores thinking of the day when our books are prominently displayed front-and-center as fans eagerly snatch our books like it was Black Friday. There will be long lines for our book signings. Our names will be prevalent in any given household. And to solidify the big F.U. to those who didn’t believe in us, Hollywood comes knocking. We will be the Justin Biebers of the writing world! What could be better? How about looking in the mailbox and picking up an advance towards your next book! Our publisher knows we can hit the jackpot again!
I’m sorry for having to be the one to tell you, but our dreams of the advance are in jeopardy. When I first started out in writing, I was always told that an author didn’t have to pay back an advance. Let me tell you friends, not true. No, it’s in the contract that if you don’t deliver the manuscript or if you’re late, you have to pay that money back. Oh, and if the publisher is no longer wants your work, yeah, you still have to pay the money back. How do I know this is true? Businessweek told me. The word around the bookshop is that Penguin Publishing Group is suing some authors for the return of small advances plus interest. Allegedly, the authors named in the lawsuit either never finished manuscripts or didn’t meet the deadline.
Businessweek’s article “Penguin Group Sues Writers Over Book Advances” by Claire Suddath probably describes the situation the best at http://www.businessweek.com/articles/2012-09-27/penguin-group-sues-writers-over-book-advances#p1. NPR ran a story about it called, “Publishers Sue Authors Who Didn’t Produce Books” which can be found at http://www.npr.org/2012/10/09/162551944/publisher-sues-authors-who-dont-produce-manuscripts. The Smoking Gun talks about it on their website in an article called, “Book Publisher Goes To Court To Recoup Hefty Advances From Prominent Writers” at http://www.thesmokinggun.com/buster/penguin-group/book-publisher-sues-over-advances-657390.
I’ve got two questions. Will publishers start suing us if our books don’t make it on the bestseller list? Will this cause even more authors to flock to self-publishing thus destroying the publishing industry as we know it?
By the way, that slow hiss you hear is the deflation of your dreams.