I wish they'd do the right thing and stop publishing anything new...if the leadership there wants any credibility in the publishing world after February 28, they would.
If the books sell, how will Samhain pay royalties if they're out of business?
Feb 28 closes the shop. Businesses continue to wind down and finalize operations after shops close.
But our rights get returned on February 28th, right? I assume that's the case for ALL books, not just the older ones?
So the wind-down stage will be collecting payments from the slower-paying retailers and distributing those, but there shouldn't be any new book sales after March 1...
That's interesting.I don't understand why a mail-merge document can't do this in a couple of hours. The only thing that would change between authors is names and book titles.
IIRC, when Booktrope closed, they just sent a blanket letter that wasn't author-specific.
If anyone wants to buy their own cover art, make sure you check their contracts with the original artists very carefully indeed because it's not usual for contracts to be transferrable like this. Usually the publisher buys the rights to use the art for their own publications, but they can't just sell those rights on.
A good warning Old Hack. Even a work for hire does not always include the right to resell to another party.
I have not, Lori. I actually ended up sending an email yesterday because I don't like the silence. I really think the Samhain folks should update us with where they are in the process. I have my books all ready to be uploaded, paid for new covers, did the formatting work for Kindle and print, and am just waiting for the rights reversion letter to show up. If they knew they were closing down, why not work on this ahead of time?
I hate to say it, but even Ellora's Cave handled that responsibility (rights reversion) on time and ahead of closing.