How to Read a Royalty Statement

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  • Опубліковано 1 гру 2024

КОМЕНТАРІ • 24

  • @ElleMod
    @ElleMod 10 місяців тому +1

    I was happy to see this. I've been getting royalty statements twice a year for 8 years and have never understood a single thing on them.

  • @lisakaufman3029
    @lisakaufman3029 10 місяців тому +2

    Thank you for the deeper look into royalty statements because it's definitely a business! So, the author has to be responsible for ensuring proper payment! Happy 25th anniversary! That's wonderful!🎊

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому +2

    You two are the best in the industry!

  • @tenacious2224
    @tenacious2224 10 місяців тому +9

    How do we know if the number of units is correct? If they have a tendency to make errors on our rates, etc. I m sure they are messing up units sold, which is the most important number.

    • @caesar_pegasus
      @caesar_pegasus 10 місяців тому

      All publishers hold some books sold on reserve to wait for possible delays and glitches in sale figures. Hope this helps.

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому

    This is my new favorite video, forever! Finance is my favorite topic.

  • @natashasantos892
    @natashasantos892 10 місяців тому +1

    Hi guys, had no idea of all that ...wow! An example would have been great as well. Thanks, good to know.

    • @BookEndsLiterary
      @BookEndsLiterary  9 місяців тому +1

      We wish we could show an example, but we can't really show any without showing confidential information about payments! Plus, royalty statements are all VERY different depending on the house, so showing an example would really only help for that particular publisher. Sorry we couldn't include!

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому

    Thank you for this help. I wish I would have just went with a traditional publisher. Working on some other books at the moment. My royalties aren't showing up properly yet. Guess I am a little impatient, but I will be patient with you, if my dream happens.

  • @ST8CASHBRKLYN
    @ST8CASHBRKLYN 10 місяців тому

    I submitted my Query to you all for an amazing children’s book! It’ll change the world, fingers crossed.

  • @nikkiminty4796
    @nikkiminty4796 10 місяців тому +1

    Hey guys,
    I love your channel. You’re always very informative and entertaining.
    I was wondering if you’d be interested in doing a video that shares your thoughts on slang in literature when it comes to dialogue.
    Eg:
    using ya instead of you
    Using ‘em instead of them
    Using ain’t instead of isn’t
    Etc…
    Also using grammatically incorrect sentences eg:
    “I ain’t telling ‘em nothin’”
    Or
    “I shoulda let ‘em lock you up when you was a kid.”
    I’m writing a thriller set in rural Australia where slang is prevalent. They speak with, what is often referred to, as a strine accent.
    I’m interested in getting an agents perspective on this subject.

  • @jillmoore8245
    @jillmoore8245 9 місяців тому

    I hope James opens up for queries soon;)

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому

    Sorry, I hope I am not too micromanagy. I just love you awesome people! I check for a video everyday, loving the high quality content!

  • @Ruthie888
    @Ruthie888 10 місяців тому

    Thank you.

  • @solarsailer4166
    @solarsailer4166 10 місяців тому

    Silly questions alert!! Synopses. I've seen a lot of discussion online and in person about how many words a 1-2 page synopsis should be. I'd have thought that to agents, pitch contests, pitch events, etc 1-2 pages is with double-spacing, and yet, there seems to be a lot of confusion and you can well imagine writers tying themselves in knots over formatting! Does it even matter if the content is thorough but to the point? There are a number of great guides as to structure and content, however, should a writer share the ending of the book in a synopsis or leave it as a cliffhanger? Thank you!

    • @BookEndsLiterary
      @BookEndsLiterary  9 місяців тому +1

      Hi! There are no hard and fast rules; you should focus less on trying to make it the "right" length and instead just write however much is necessary to cover all of the beats of the story. Some agents might prefer reading shorter synopses or longer, more thorough synopses, but as long as you feel like you're accurately summarizing your story start to finish you should be okay! Formatting should not be a problem in any case unless the document is illegible because of it, so whether you do double or single space is really going to be a personal preference. That 1 to 2 page number is often cited because most stories tend to fit just fine in that realm, but it's also not a rule!
      Please always include the ending in your synopsis! The synopsis is a tool that an agent can use to see where the story is supposed to go, even if they're only reading and offering on the first 50 pages, or whatever partial they ask for. They'll want to know the ending of the story.

    • @solarsailer4166
      @solarsailer4166 9 місяців тому

      @@BookEndsLiterary Fantastic! Thank you for taking time to reply. 🙂

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому +1

    Monthly royalties is way too often for me, I need traditional bi annual or quarterly

  • @richsabo5513
    @richsabo5513 10 місяців тому +2

    Is the Publisher's statement sent to the agency or the author? Or do they send one to both?

    • @BookEndsLiterary
      @BookEndsLiterary  9 місяців тому

      Hi! This depends on the publisher. Some have author portals for viewing statements (in which case, the agency should also have access and should be reviewing statements to make sure they look correct) and some send directly to the agency, who reviews and sends to author. There are probably others that send to both; it all depends on their processes

  • @mariangriffin5197
    @mariangriffin5197 10 місяців тому +1

    Does the author get paid only when they receive a royalty statement? Is the royalty statement the only way the number of books shipped is reported to the author?

    • @BookEndsLiterary
      @BookEndsLiterary  9 місяців тому +1

      Yes, royalty statements should come at time of payment, and is traditionally how an author can see how many books were sold during a royalty period. Sometimes their editor may also keep them updated on their book's sales!

  • @ArtbyMSB
    @ArtbyMSB 10 місяців тому +1

    Made $0.39 in india last month, so cool I love India

  • @dorothynesbit8864
    @dorothynesbit8864 10 місяців тому +1

    I write AND I like math, because I like $😉