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Richard Curtis on Publishing in the 21st Century

The literary agent, author advocate, and publishing visionary Richard Curtis shares his insights in this special blog of essays and articles for writers and all others tracking the rapidly changing world of books.

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Fine Books For Fine Readers

Tuesday, August 19, 2008

A World Where All Escalators Go Up - Part 2

In Part 1 of this two-part article, we introduced a term commonly heard in discussions of book deals: "escalator." Escalators are additional advance payments made by publishers to authors if and when certain contingencies occur. What are those contingencies? How much are they worth? And what, if anything, is their real value? We homed in on bestseller bonuses. In Part 2 we focus on award, book club, movie and other types of escalators.