How to Value a Book Deal
We’ve recently started (more carefully) reading Publishers Lunch, the e-bible to the book industry. As in any industry, deciphering the jargon requires knowledge of strange and mysterious codes. Here’s “The Key” from PL’s daily email:
As usual, the handy key to our Lunch deal categories. While all reports are always welcome, those that include a category will generally receive a higher listing when it comes time to put them all together.
“nice deal” $1 – $49,000 “very nice deal” $50,000 – $99,000 “good deal” $100,000 – $250,000 “significant deal” $251,000 – $499,000 “major deal” $500,000 and up
Now we know. We may be “very nice” but we can only hope to become “major.”
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