Agent Kristin Nelson notes on her blog that a number of agents did not receive the initial dispatch of Macmillan’s proposed new contract boilerplate and accompanying letter from ceo John Sargent. Nelson adds that “today I got an email that agents can respond until January 4, 2010.” As agents continue to review the proposed changes, we heard additional concerns including the standardization of audio royalties to 10 percent of net that eliminates what had been a much higher percentage for streaming audio (e.g. Audible) offered by most other publishers, and a termination boilerplate that effectively means works would never qualify […]
