Lately, it seems I've been playing the waiting game. As many of you know, Crimson Romance is no more, so I applied to get my rights back on my books. For those who are unfamiliar with traditional publishing, here's what happens: the contract stipulates the publisher retains the rights to your book for a specified period of time, usually from three to seven years.
If the publisher goes bankrupt or shuts down, rights revert back to the author automatically. In this case, even though Crimson is now defunct, the parent company, Simon & Schuster, is still in business and holds the contract. So in order to regain control of my books, I must send a request. The stipulation to getting the rights reverted to me is that the particular title has to garner royalties under a certain threshold for two consecutive six-month periods.
In my case, this is proving exceedingly hard to figure out, since the books are involved in various bundles. It didn't help my progress any to have the wrong email address for the man in charge of deciding who gets rights back, so I've been late to the game for some time. So, he's working on figuring it all out and I'm waiting.
But what happens if I have to wait until my books fall under the threshold of sales? Simon & Schuster has no interest in promoting my works and my sales have fallen off since the announcement. Do I continue to watch my declining sales and applaud the fact that I'll get the rights back sooner? What do I do with the hole in my bank account? What do I do with the books once I do get the rights back?
So many questions, and right now there are no answers. Some could view this as a setback in my career, but I choose to view it as an opportunity. In the immortal words of Ayn Rand–"The ladder of success is best climbed by stepping on the rungs of opportunity."
I've taken the first step by asking for my rights back, and am poised to take the next rung.
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I only have one eligible to get rights back. But the good thing is S/S lumped all the bundle sales under the book you had in the bundle. I sent Chris the first page of the last two statements and he said that was good.
ReplyDeleteOf course, I haven't heard back yet. LOL Good Luck on getting your rights back.
I'm still waiting to hear, too. Waiting seems to be my way of life this year. At least the weather's nice.
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