STATUS: It can stop snowing now…
What’s playing on the iPod right now? I’D RATHER BE WITH YOU by Joshua Radin
I first caught wind of the contract changes from Macmillan via Richard Curtis’s blog about the changes they want to try for in e-royalties.
Oh boy, here we go again. Great, a battle because a publisher wants to do LOWER than that 25% of net that publishers as of late have been trying to push as “standard.” I long for the Random House days of 25% of retail…)
Then Publishers Lunch had a note about it, thank goodness.
Macmillan had sent a letter out to agents regarding the changes but for some reason, I, and just about every other agent I know (and folks that’s a lot), had not received this letter despite all of us having numerous clients with the Macmillan Group.
Small oversight I’m sure. When I emailed their contracts director, she mentioned that the letter was going out in waves to agents as their email list was long. Okay, fine. I’m a little annoyed but when I asked for the change letter and the sample of new contracts, it was sent immediately.
So now I’m in the process of reviewing. Macmillan had planned on implementing these new contracts on Nov. 9. Today I got an email that agents can respond until January 4, 2010. Good to know.
And first off I want to give Macmillan kudos for being totally upfront about the changes they want to do. Unlike, cough cough, Simon & Schuster last summer with their out of print clause and, cough, cough, Penguin Group with clause 9.ii.b. back in March.
So they are least being transparent but if the e-royalties are any indication of things they want changed, it looks like more contract battles ahead…