Random House announced changes to the contract terms for their start-up digital imprints Hydra, Alibi, Flirt, and Loveswept on Tuesday morning, following pointed criticism from the Science Fiction Writers of America, the Horror Writers of America and other author group representatives. The company is adjusting the charges made under their profit-sharing contract model, and also offering authors a separate, more traditional advance-plus-royalty contract model. The advance-plus-royalty model follows a traditional contract model: Random House’s “standard ebook royalty of 25 percent of net receipts” along with an agreed-upon advance, with the imprints covering all production, shipping, and marketing costs. In the […]
