- Joined
- Feb 11, 2005
- Messages
- 43,746
- Reaction score
- 8,654
- Location
- Los Angeles
- Website
- www.amazon.com
I am surprised that a publisher would rush out and give a new, unproven, non-celebrity, 17yo author half a million dollars advance (which means she doesn't have to pay it back if she doesn't earn out). I am not jealous, just curious. It doesn't make much business sense, even though some prior deals (such as the Horse Whisperer) turned out great. I heard from the grapevine that someone in a nearby neighborhood got a deal for $750,000 -- yeah, new author. That just boggles the mind. Imagine how many books you have to sell to earn out? On the other hand, I would just take that 3/4 million and run.