Damn! Sorry to hear this news. The experimental imprint of HarperCollins that I was sure would pave the way for more publishing companies duplicating their platform is going away. HarperStudios is the brainchild of Bob Miller, and he guided the imprint from day one until March 17 of this year when he took the position of Group Publisher with Workman Publishing.
HarperStudios was a bit of a revolutionary platform because Miller cut the size of advances and paid his authors higher royalties. To me it made sense. You get paid for performance. In an industry that is struggling to survive the onslaught of technological advances and competing mediums, reducing the publisher’s risk would seem to be the smart thing to do. Miller was also able to successfully get rid of the ridiculous returnable program retailers currently have with every other publisher.
Apparently, HarperStudios couldn’t survive without Mr. Miller. In my opinion, that sucks out loud! I have no idea what the company did in profits or losses, but I’ve go to think that it couldn’t have done worse than a lot of fledgling imprints. The imprint was championed by the former HarperCollins CEO Jane Friedman. I’m guessing that was a major obstacle for Miller.
BTW – I wonder what happened to Gary Vaynerchuk’s 10 book 7 figure deal with HaperStudios.