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In many ways the book industry is a lot like the record industry. The hits finance all of the failures.
I did hear from a friend who has written several books that some of the publishers are either talking about or already changing one of the ways they do things. Instead of giving authors advances to get a book done, where that money would be recouped out of future sales (hopefully) and then possibly a small percentage would kick in after that threshold. To one where they would not give up an advance and the author would get money per book sold. According to my friend he stands to make a bit more going that route since he does have the money to carry him through writing a book and does not need the advance to do it. He also feels that publishers would be more apt to publish a bit more risky books using that format as their risk is greatly diminished.
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