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How did the US publishing industry found itself in a situation that the book price is fixed and printed on the book?
by listic 12y ago
How did the US publishing industry found itself in a situation that the book price is fixed and printed on the book?
- walterbell 12y agoRoyalties are tied to list price. This avoids accounting shenanigans of the kind observed in music and film, where creative properties with millions of dollars in revenue somehow make little profit, reducing payments to the talent. A fixed list price means that royalties can be calculated based on unit sales, rather than unit sales times a variable price (even within one outlet) at thousands of retail outlets. Shenanigans are then limited to inventory accounting.