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Andrew Cuomo’s Fishy Book Royalties « Lawrence Person's BattleSwarm Blog
A few days ago news broke of New York Democratic Governor Andrew Cuomo’s fishy book royalties:
It’s not unknown for a political book to get a big advance and bomb. What is unknown is getting big royalties on such a book two years after publication, since it will not have “earned out” it’s advance and thus no royalties should be forthcoming.
So how could a book earn royalties if it wasn’t selling enough copies to according to BookScan?
One possibility is that HarperCollins is somehow passing money on to Cuomo for political favors. Since HarperCollins is owned by Rupert Murdoch’s News Corp., this seems unlikely
Another, far more likely possibility is that Cuomo is pulling a Jim Wright. Wright, then Democratic Speaker of the House, published a slim volume of supposedly pithy aphorisms, Reflections of a Public Man, the vast majority of copies being sold via bulk sales to Wright’s political cronies (including unions) for which he was paid an unheard of 55% royalties on the cover price. Stephen King and J. K. Rowling don’t even get remotely that much per hardback. (E-book sales are a different matter, but physical books still outsell e-books.)
A few days ago news broke of New York Democratic Governor Andrew Cuomo’s fishy book royalties:
It’s not unknown for a political book to get a big advance and bomb. What is unknown is getting big royalties on such a book two years after publication, since it will not have “earned out” it’s advance and thus no royalties should be forthcoming.
So how could a book earn royalties if it wasn’t selling enough copies to according to BookScan?
One possibility is that HarperCollins is somehow passing money on to Cuomo for political favors. Since HarperCollins is owned by Rupert Murdoch’s News Corp., this seems unlikely
Another, far more likely possibility is that Cuomo is pulling a Jim Wright. Wright, then Democratic Speaker of the House, published a slim volume of supposedly pithy aphorisms, Reflections of a Public Man, the vast majority of copies being sold via bulk sales to Wright’s political cronies (including unions) for which he was paid an unheard of 55% royalties on the cover price. Stephen King and J. K. Rowling don’t even get remotely that much per hardback. (E-book sales are a different matter, but physical books still outsell e-books.)
and his books 
