Last Friday, I talked about D2D's announcement to their indie author clients that Barnes & Noble was only going to pay 30% of the receipts due to them. Meanwhile, indie distributor Smashwords announced Barnes & Noble was paying them in full for their clients' receipts.
(Full disclosure: I use Smashwords for distribution to some smaller retailers, but I upload all books directly to Barnes & Noble.)
Needless to say, Barnes & Noble ("B&N") was major topic of conversation among the various indie forums over the weekend. Maybe B&N realized who's really making money for them during the pandemic. I mean, it's not like the brick & mortar bookstores are considered essential services by the various governors and mayors desperately attempting stop the spread of COVID-19.
In a turnaround over the weekend, both B&N and D2D said B&N was paying D2D in full. The other side of the rumor mill said when B&N ran the numbers, they thought D2D was a larger publisher. And it's the big publisher who were only getting 30% of receipts due.
Oh, boy!
That's not necessarily a good thing either. Especially for writers who are fully trad published.
On a side bar, a note appeared on my B&N dashboard that I would be paid in full this week. We'll see what happens by Friday. It's low double digits since I'm rebuilding my own publishing company. However, I'm not holding my breath.
A September Explosion in New York City…
-
…no. Not that one, the one we all remember. This one happened about 100
years ago, in the financial district…in the tallest building at the time. I
have no...
11 hours ago