Also, I did a little stalking (aka checked your twitter) but didn't see who you signed with. I'm just curious. Living vicariously through other writers and all
I understand CQ expects the author to do a lot of self-promo and I don't expect publishers to babble on about how we're all a family, but something about the aggressive way they word all that and how they just don't care about the author sounds so chilly.
I submitted to this "press" myself after being constantly e-stalked by Lisa Gus, one of the owners, and upon further investigation, decided against it. It was one of the most ludicrous "offers" I have ever received. There were several red flags:
1. Most of the "staff" seems to be made up of their own authors
2. Authors constantly blurb and review for each other; in some cases, the book's only reviews came from the book's "editor" (again another writer) or otherwise interested party
3. They pay no advance whatsoever
4. They don't work with a distributor, and have no physical presence in bookstores of any kind
5. They are not in Ingram's- when I asked, I was told they were "working on it"
6. The contract stated that they base their royalty payments on "net profit" after the press has deducted the costs of marketing, distribution, etc.
7. I was asked to publish my full-length novel as a serial first, for which I would be paid nothing but a percentage of the proceeds from a "donate" button on the site; only after the book had been completely serialized, which could take months, would they publish it as an e-book and eventually a soft cover novel via Lightning Source. They would also keep my novel archived as a serial on the site forever, so who would actually pay for it then?
8. When I objected, they actually suggested funding the publication of my novel through Kickstarter rather than use any of their own funds
9. As of this writing, the press has been in operation less than eight months, and as noted above, neither of the owners has any prior publishing experience
Needless to say, I ran, not walked, to the nearest exit.
Yes. Hopefully it means net income, but I've also seen contracts that defined it as net profit. You really need to scan the language carefully.Net means what the contract specifies it to mean.
For PitchMAS, I have received 2 separate partial requests from different reps of CQ. I have responded to neither. My logic: The only books they can get on the shelves are either (1) short story anthologies which conveniently donate some proceeds to animal shelters (clever sales hook there!); or (2) print on demand books that the authors have convinced their local bookstore to sell.
From a friend who turned down their contract offer - they want 50% net profit of all sales and all rights (foreign, domestic, film and sequel).
Now, if they're really a "collective" of writers, shouldn't the profit sharing be spread around to all members? (I know, ridiculous thought.) Then they turn around and hire some of their writers as agents / employees. Seems like kind of a pyramid scheme.
Did your friend negotiate the contract and they insisted on things staying the same, or did she just read the initial offer and walk away? I don't know much about CQ but I know that they sign agented authors, and I can't see agents going along with those terms without negotiating. The way every author should negotiate contracts whether repped or not.
Their sales show up on Publishers Lunch, their ARCs are on Netgalley. It seems like they're pretty legit. And...profit sharing between all their signed writers seems like it would make them less legit, not moreso.