Things that make you go hmm
Every time I turn around I'm hearing about low sales figures and mass layoffs in the publishing world and how publishers are going to be tightening their belts and and acquiring fewer books. And, if you are one of the lucky ones to land a book deal in these economically trying times, expect a lower advance, and no book promo budget. Well, if that's the case, why am I seeing deals on Publisher's Marketplace like the ones posted below?
Comedian Kathy Griffin's comedic memoir OFFICIAL BOOK CLUB SELECTION, organized chronologically and promising never-before-discussed personal details about Griffin's life, her background, and how she became who she is today, reportedly in a major deal, "for more than $2 million,"
USAir Captain Chesley "Sully" Sullenberger's memoir, to William Morrow, reportedly for between $2.5 million and $3.2 million by various reports, at auction, in a two-book deal (the second said by the Daily Beast to be a collection of inspirational poetry).
Audrey Niffenegger's HER FEARFUL SYMMETRY, "a delicious and deadly twenty-first-century ghost story about her familiar themes of love, loss and identity," to Nan Graham at Scribner, in a major deal, reportedly for approximately $4.5 million, at auction, for publication on September 29, 2009.
Now, don't get me wrong. I don't begrudge any author a dime of their advance, especially Ms. Niffenegger who's first book, The Time Traveler's Wife, I've heard nothing but good things about and has an estimated 1.3 million copies in print. But Sully? Yes, he's a hero. No doubt about it. I wish he could be my pilot every time I fly. But what about his story haven't we already heard?
As for Kathy Griffin, I saw an episode of her show My Life on the D List where only thirteen people showed up to her comedy DVD signing at Tower Records after she had been all over TV and the radio promoting it. A 2 million dollar advance. . .really?
These are the kinds of deals that make authors want to pull their hair out, especially when you think about all the talented writers who are being passed over because they don't come with a ready made audience.
I'm just sayin'.
Angela
Comedian Kathy Griffin's comedic memoir OFFICIAL BOOK CLUB SELECTION, organized chronologically and promising never-before-discussed personal details about Griffin's life, her background, and how she became who she is today, reportedly in a major deal, "for more than $2 million,"
USAir Captain Chesley "Sully" Sullenberger's memoir, to William Morrow, reportedly for between $2.5 million and $3.2 million by various reports, at auction, in a two-book deal (the second said by the Daily Beast to be a collection of inspirational poetry).
Audrey Niffenegger's HER FEARFUL SYMMETRY, "a delicious and deadly twenty-first-century ghost story about her familiar themes of love, loss and identity," to Nan Graham at Scribner, in a major deal, reportedly for approximately $4.5 million, at auction, for publication on September 29, 2009.
Now, don't get me wrong. I don't begrudge any author a dime of their advance, especially Ms. Niffenegger who's first book, The Time Traveler's Wife, I've heard nothing but good things about and has an estimated 1.3 million copies in print. But Sully? Yes, he's a hero. No doubt about it. I wish he could be my pilot every time I fly. But what about his story haven't we already heard?
As for Kathy Griffin, I saw an episode of her show My Life on the D List where only thirteen people showed up to her comedy DVD signing at Tower Records after she had been all over TV and the radio promoting it. A 2 million dollar advance. . .really?
These are the kinds of deals that make authors want to pull their hair out, especially when you think about all the talented writers who are being passed over because they don't come with a ready made audience.
I'm just sayin'.
Angela
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