Posts Tagged: money

Amazon Monopoly Threatens Everything

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Amazon just turned twenty years old. Even though the company might be too young to celebrate with champagne, competitors have begun to levy charges that the online retailer is becoming a monopoly. While Amazon’s tentacles spread across many retail sectors, the store’s dominance in books represents a major monopolistic threat. Fortune takes a look at […]

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Literature’s Crowdfunded Future

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From small presses to literary journals, crowdfunding has grown into a major source of money for publishing. Authors are even turning to services like Kickstarter to fund their booktours, like Sarah Gerard, author of Binary Star. Her successful campaign raised more than $9,000 for her book tour. To date, Kickstarter has raised more than $70m […]

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Disguising Payments Hurts Writers

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Literary journals don’t always pay contributors. But unpaid contributions are less of a problem for writers than literary journals that conceal their pay rates. Allison Williams, over at The Review Review, takes a look at how some publications handle the issue. She points out that the issue of non-payment might be fine for some writers, but […]

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Rich Writers Get Richer

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For most writers, income may be falling, but not for everyone. A new study shows that just as in other industries, income disparity is a growing problem between the writing elite and the rest of us. BBC News reports that just 5% of writers are earning 42% of all writing-related income, while the bottom half of professional […]

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Writers’ Wages Keep Falling

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A not-too-surprising result of a new poll shows that authors’ annual wages continue to fall and are now below $5,000, reports the Guardian. Authors who split their writing between traditional and self-published methods seemed to fare best, on average. Overall, half of the writers – traditional and independent – surveyed this year earned $1,000– $2,999 or less. At […]

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More Than Just Books

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Simon & Schuster will offer readers the opportunity to take online workshops with authors, as a way of generating new revenue streams and building buzz for books, reports The New York Times, particularly as digital content sales grow and book sales decline. Last year, Simon & Schuster launched an imprint dedicated to publishing books of […]

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Art Doesn’t Pay

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The arts don’t pay very well, and working as a professional in a creative field like writing, music, or film has grown more precarious. High student debt doesn’t help, but it might explain why almost a quarter of arts graduates end up in business management. Of working artists, 40% don’t have bachelors degrees. The organization […]

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From Applebee’s to Published Author

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Scott Cheshire explains that he started flirting with the woman who became his wife by telling her he had a novel coming out. Twelve years later, it did. Today, he is a published novelist with a graduate degree, but back then, Cheshire hadn’t even been to college. Over at the Huffington Post, Cheshire explains how […]

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Publishers Are Rich

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Writers have been getting poorer, and it turns out publishers are partly to blame. The Guardian reports that while authors are expected to do more when it comes to marketing and promotion, and though electronic books have lowered costs for publishers, the beneficiaries of these savings tend to be the publishers rather than the authors: Nicola […]

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Amazon Attempts to Drive Wedge Between Authors and Hachette

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The standoff between Amazon and Hachette has harmed authors more than either corporation. The corporations are surviving on massive war chests and alternate revenue streams. Authors, however, are far more adversely affected by reduced book pre-sales and the sale of electronic books (available immediately) versus physical books (artificially delayed by Amazon). In an attempt to […]

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Writers Are Poor

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A British study has confirmed that professional writers aren’t making very much money, and worse, that earnings for writers have fallen 29% since 2005. A survey of 2,500 British authors found median annual income at just £11,000 ($18,800) and only 11.5% of authors were earning a living solely through writing. The Guardian has a full […]

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All the Poor Young Literary Women

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Earlier this year, Emily Gould wrote about the perils of selling her first book, an essay collection, and the importance of getting out of debt before finishing her novel. That novel, Friendship, launches next week. Gould spoke with Melissa Duclos over at Electric Literature about the writing process, her electronic bookstore Emily Books, and of course, money: […]

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Writers on Time Spent Down and Out

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George Orwell recounted his experiences with poverty in Down and Out in Paris and London, and Paul Auster his in Hand to Mouth: A Chronicle of Early Failure.  Rumpus contributor Kaya Genç writes about his own brush with running out of money, and how authors like Orwell and Auster informed his feelings about it, in an essay […]

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“It Was Worth Every Minute and More”

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Writing-biz veteran Lydia Laurenson once landed a translation deal for a book that involved her German publisher flying her to Germany for professional photography sessions and multiple TV appearances. “Yet, when I calculated it,” she writes, “I made way less than minimum wage per hour.” Read the rest of her post on the entrepreneurial side […]

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Who Pays Writers?

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Which publications pay writers? How do writers make enough money to survive? Scratch, a new online magazine edited by Jane Friedman and Manjula Martin, aims to find out. Their inaugural issue is free and includes an interview with Jonathan Franzen, a roundtable with editors from prominent websites, and, most fascinating of all, a breakdown of […]

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Art and Money and Muppets

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Because it taught children across the country, Henson became a household name, and through Sesame Street toys, Henson became a millionaire….However, licensing toys, to Henson, felt like selling out. The cage-match-to-the-death between art and business can be brutal, but Muppet-master Jim Henson seemed to broker a level of peace between the two. In a Longreads highlight, Elizabeth […]

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Money Novels

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In the current issue of BookForum, Christian Lorentzen, an editor at the London Review of Books, writes about “the perils of money fiction” in the twenty-first century. “There are a few ways out of these traps—ersatz journalistic gap filling, hapless gesturing at the system’s perversity, and ogling fortune with envy and scorn—of writing about bankers. […]

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R. Reilly: “Don’t Write For Free”

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Sports columnist, Rick Reilly is doling out writing advice to Colorado’s J-school graduating class, and not everybody is taking it so well. It’s a constant dilemma for writers new and old, having to negotiate exposure vs. payment or deciding whether an unpaid internship will eventually lead to some sort of monetary promise. But Reilly’s philosophy […]

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Heart Healthy

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On Wednesday, I wake a little after ten. This isn’t intentional. It’s not like I set an alarm. I stumble from the bed to the bathroom to take a long, yellow piss. I brush my teeth—extra well, since my health insurance expired recently, since it doesn’t look like I’ll be seeing the dentist anytime soon.

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The Cost of a Thing

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A couple months ago, we wrote about Matthew Crawford’s book Shop Class as Soulcraft, and around the same time I read another interesting review of the book, by Caleb Crain. (I refrained from posting about it at the time to avoid Crain-overkill.) In it, he describes the growth of wages, and consequently, leisure during the […]

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