A new model for advances?
by Celeste Ng
The traditional model of publishing–for books, at least–has become a large(ish) upfront advance, followed by royalties: a small percent of the book’s sale, once the book has earned enough to pay off the advance. Here’s a counteroffer: as an author, would you trade a larger advance for a smaller payment upfront PLUS a bigger slice of the proceeds? That’s the new model of payment companies like Byliner and The Atavist are trying out. Reports The New York Observer: Like most magazines, The Atavist pays a fee up front when a story arrives in decent shape. Mr. Dobbs called The Atavist’s […]