Wednesday, December 17, 2008

More On HarperStudio

Bob Miller, president and publisher of HarperStudio, had this to say in The Wall Street Journal about his imprint’s deal with Borders:
Returns have never made sense in our business, and with the recent economic downturn, publishers and booksellers are more open than before to experimently wth models that might decrease waste and increase profit.


Peter L. Winkler said...

Hi. You'll find this interesting.

Maya Reynolds said...

Peter--Yes, this is absolutely something to remember when considering a contract from HarperStudio.

However, remember that Bob Miller’s strategy was a two-pronged one: to eliminate returns AND to cut back on large advances by asking authors to take a greater risk prior to publication. In return, he said he would offer a larger chunk of the revenue--presumably higher royalties.

My guess is the HarperStudio contract will no longer be the industry “standard.”

And HarperStudio plans to produce only two dozen books a year so presumably they will be very selective in which books they publish.