Give me my advance back!

This is what happens when you take all the hard work out of creating. The big problem here is that Hachette paid too much for too little. They bought formula rather than craft because they thought that formulas were all that was needed. Then they wrote contracts that essentially would screw most authors over and wonder why the author didn’t give the money back. That 5 million invested could have been split into 10o 50k advances and more than likely at least one of those book would have done well enough to cover the rest. Instead they went to for the unimaginative formula believing that past performance predicts future results and burned themselves.

madgeniusclub

The other day, someone asked me if publishers ever ask for their advances back. After all, there have to have been times when a publisher has signed a contract with an author and that author failed to deliver. I told the person asking that yes, publishers do sometimes ask for their money back. But the instances that came to mind weren’t where an author failed to deliver a book. No, the examples I remembered were where the publishers determined, usually after a public outcry, that the book delivered wasn’t what they thought it was. There have been situations where plagiarism has torpedoed a deal or where a newly signed author wound up having her contract canceled because she dared self-publishing something totally unrelated to the contracted book. Despite all that, I simply could not remember a situation where a publisher had demanded an advance back from an author for not delivering…

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