Well, I just wanted to let you know that we've closed shop with Luna
Brillante Publishing.
Basically, this is what I sent to our authors -
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It is with great regret that I inform you that Luna Brillante Publishing is
exercising clause 13 in your contract and has officially liquidated the
company.
Why has this happened?
Since its inception, LBP has struggled to meet the financial obligations
necessary to run a top notch publishing firm. Those struggles came to a head
as we attempted to release our third title, as well as prepared for two
other titles.
It was not just the money, though. We took another look at how other
publishing companies are servicing their authors and realized that we did
not have the time, the resources, or the will to treat your work with the
respect it deserved.
Further, We felt by locking you into a long term agreement would prevent
you from being able to sell your current title to a publisher that would pay
you an advance, give you better marketing, a higher cut of the royalty and
be able to dedicate the time and resources necessary to make your book a
success.
Basically, we were a mom-and-pop shop. A company run in our spare time after
our regular 9-to-5 job with absolutely no experience in how to run a
publishing company.
We became concerned, not with our ability to produce the books, but whether
we treating, you, our authors, our lifeblood, right. The answer I felt was
no.
We weren’t giving you enough of the royalty. We weren’t giving you advances.
Your books would have been lucky to sell 500 copies with the limited
marketing money we have available.
You can do better than us. We believe in your work now as much as we did
when we signed you – what’s changed is our belief that we can give you what
you deserve in a publishing company.
The answer is clearly no.
So what now?
Effective immediately, LBP has ceased operations. Any books that were
planned to be released or in the stages of being pre-produced have been
cancelled.
All of your rights to your work revert immediately back to you. Luna
Brillante Publishing has no legal right to any of your work, or any royalty
or proceeds you may make on selling your work to another firm.
What does this mean for me?
Since each of our authors were at different stages of development – here is
where you stand –
[insert personal impact]
Final Thoughts
I know you’re terribly disappointed – as are we. LBP started out as an
ambitious dream of a self-published author who wanted to help other authors
achieve their dream of being published. We thought, because we had been
through the struggle of getting the book to press, that this was all we had
to do to be successful. It was a naïve and rather ill-informed assumption.
What was a fun home-based business became this albatross that sapped our
spare time, our money, and our quality of life. In talking with folks on
Absolute Write, visiting other publishers and learning how they do things –
it was painfully obvious that not only were we, for lack of a better term,
“screwing you” in regards to support of your title as well as the monetary
benefit you receive, we had no idea how to make your book a success. The
time, the amount of review copies, the marketing, the proper distribution,
the dealing with the press. It was a culture shock. Add that to the demands
that you, the author, deserve us to be able to fulfill – it became too much
for us to deal with.
We had to let go our media coordinator, Taylor, last week, because we
couldn’t afford her salary any more. We ended our contract affiliations with
our artists and editors. Basically, we were steamrolling to this point and
the end was inevitable.
I want you to know that when we started this business – it wasn’t to hurt
authors or screw them out of money. It was to provide great, quality
fiction. That was the dream. When we began our journey with you – we had
great hopes.
I share your disappoint that it has come to this. Believe me. When the
decision became utterly apparent, I was in a fit of depression for several
days (which is why you haven’t heard from us since Tuesday). I didn’t look
forward to writing this email – to shattering your dream.
I believe that’s what pains me the most is hurting you, who trusted us to do
what was right.
I can only tell you this, the decision was made with YOUR best interests at
heart. We could have floated along for a couple years, making minimal profit
– but you would have made nothing. Your books would have sold poorly. You
deserved better than that. I couldn’t, with good conscience allow your work
to be treated that way. As a fellow author, I wouldn’t want the thing I
worked so hard to achieve to be mistreated in that way and I didn’t want
that for you.
We believe in your work, we wouldn’t have signed you if we didn’t. I know
you will rise up from this and you will find a publisher who will treat you
with the respect you deserve.
I wish it could have been us – but in the end, it was not meant to be.
I wish you the best of luck and further success.
--------------------
I'm sure there will be plenty of negative comments about me and of course
the company. Plenty of I told you so's.
In the end, they were probably right. But at least we ended it before anyone
was really truly hurt.
I truly wish you the best of luck in finding a home for your work. Had we
continued, we likely would have made it our fourth quarter release. Maybe
you should be happy we didn’t.
Take care,
JC De La Torre
The sad thing about this is that I exchanged some emails with him, tyring to get his side of the topic. He was warm and heartfelt, and truly honest in what he was tyring to accomplish. I guess that's why I came to his defense. I didn't want to see this happen. But my instincts were right from the beginning--he was not a bad person and owed up to everything.
Yeah, it's sad.
Tri