In my post earlier this week about the woeful woes of woe-weary authors, I made the statement that Amazon doesn’t normally pay large advances. In fact, I said they likely don’t pay any advances at all in most cases. Turns out I may have spoken out of turn. Jane Friedman’s Writing on the Ether blog has a story about author Rysa Walker receiving a $50,000 advance for her self-published title Timebound. That is not chump change, and congratulations to Walker on signing her first publishing contract. With such a big investment on Amazon’s part, you can be assured she’s going to get some well-placed ad support on the mega online retailers site, as well as some push in the trades.
For those of you not familiar with advances, they are usually paid out a third at a time. In the olden days of publishing (approximately 5 years ago), it took 12-18 months for authors to receive their advances in full and those advances were usually around $5,000. Authors would get a third upon signing, a third after the edits had been approved, and the last third when the manuscript was sent off to the printers. I’m guessing Amazon is doing something similar although in a shorter period of time. I think the book will be re-released under Amazon’s Skyscape imprint in October.
UPDATE – I neglected to credit Porter Anderson as the author of the piece on Writing on the Ether.