What the heck is up with MacMillan?
Yeah. Right. Publishers live or die by the *BINDING* legal contracts they force on the authors. Given the vast number of current authors under contract, I'm wondering how many of these have gotten the new, revised contracts which assigns a greater royalty rate on e-books? My suspicion is that these authors will, for the most part, still be waiting for their new contracts and higher royalty rates until shortly after December 21st, 2012 - after all, if the world ends, MacM won't owe them any increased income, yes?
I'd love to hear from small-fry authors who've actually gotten a renegotiated contract with higher royalty rates.
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