This January sees the first cohorts of books whose authors can terminate their contracts with their publishers under a 1978 law that lets authors kill their old deals after 35 years. Given all the interesting stuff happening with backlists and ebooks, expect to see a lot of authors being courted by, say, Amazon with big fat advances for their profitable backlists if they yank their books and make them Amazon-exclusive. And this is going to happen every year from now on.
The law in question is Section 203 of the 1978 Copyright Act which allows authors to cut away any contract after 35 years. Congress put it in place to protect young artists who signed away future best sellers for a pittance.
“People have had 2013 circled on their calendar for a while,” said Andrew Bart, a copyright lawyer at Jenner & Block, in a phone interview...
The 1978 law also means a threat to the back list of titles that are a cash cow for many publishers. The threat is amplified as a result of new digital distribution options for authors that were never conceived when the law was passed — these new options mean authors have more leverage to walk away from their publishers altogether.
Publishers brace for authors to reclaim book rights in 2013
(via Making Light)
When Purdue Pharma’s patent on the MS Contin was close to expiry, the Sackler family who owned the company spent millions trying to find a product that could replace the profits they’d lose from generic competition on MS Contin: the result was Oxycontin, a drug that went on to kill Americans at epidemic scale.
The questions posed by David Cay Johnston include some tough-to-avoid queries about Trump’s involvement with the mafia, the regulatory findings against his company for unfair and unsafe employment practices, and times when Trump had admitted to shading the truth or lying outright about his affairs.
Faception uses 15 secret classifiers of facial features to accuse subjects of terrorism and pedophilia, as well as predicting their poker abilities.
Jared Sinclair developed the RSS reader app Unread, which made $10,000 in its first 24 hours on the iOS market. And we’ve all heard the story of Flappy Bird developer Dong Nguyen, whose creation was reportedly earning $50,000 a day at the height of its 2013 explosion. While those are rare examples, they’re also testament to the […]
If you or your company’s IT system are besieged by black hat cyber attacks, an ethical hacker might be all that stands between crippling damage and a company’s long-term prosperity. It’s no wonder that the market for IT security specialists is exploding. Certification is the key – so learn the tenets of ethical hacking and get […]
Your laptop and mobile devices are top of the line…so why are you trotting out that raggedy decades-old suitcase when you go somewhere? Time to up your travel game with a complete 5-piece Herschel Travel Luggage bundle…and we’ll even give it to you for free!Of course, you’ve got to win the Ultimate Herschel Travel Bundle […]