Good Morning, and Welcome To the World of Nepotism
We are delighted to bring you a charming story of a deal that seems to be a little cozier than appropriate. We are sure that most of you out there are aware that publishers have international units. Not all of those sales to small countries such as Djibouti are done to unaffiliated third parties*. If that were the case, we wouldn’t need to maintain words like “subsidiary” in the English language. Two authors have sued Pearson for underreported royalties, in the range of of hundreds of thousands, due to apparent lowballing of sales. As always we remain fascinated but woefully […]
