Wow. Just absolutely - Wow.
In the last couple of weeks someone hit the fast forward button on the ebook revolution. Changes that bespeak of major industry shifts have occurred like a landslide. One rock goes, and then another and before you know it, at the foot of a mountain, there's a new road you can follow that will take you to the unexplored territory of the future.
First came the deal of the Jackal. Andrew Wylie is a superagent whose "feral pursuit of clients and their interests earned him the nickname of 'The Jackal.'" The Jackal's roster of clients reads like a who's who of publishing and includes Mailer, Updike, Nabokov, and Cheever. The Jackal apparently saw what many authors saw - publishers have been screwing authors out of their fair share of royalties for years. The old book numbers were set in stone, the system likely crafted when books began to be mass produced. But at the dawn of a new day in publishing power shifted to the hands of the creators who wrote the work. The Jackal was smart enough NOT to let history repeat itself. This time he, on behalf of his clients, would craft a system that would be fair to the folks who made the system possible. So The Jackal created a digital only imprint, Odyssey Editions (gotta love the name) and inked a deal with Amazon to sell electronic versions of work of 20 amazing authors.
To do the deal Wylie exploited a hole in older publishing contracts written before the era of e-books. Writers and Wylie believe that the contracts leave those authors and/or their estates free to negotiate separate deals for the ebook versions. The publishing royals read the contracts differently and believe the older deals should include the ebook rights - because they're the publishers and they've always had the power to set the terms. Publishers have decided to punish The Jackal where it hurts - the pocketbook. Random House held the print rights to many of the works in question and it's announced it won't do business with Wylie until the issue is resolved. I'm hoping that the Jackal's clients are sending him champagne and telling him that they never liked Random House anyway. After all, Wylie is trying to craft the terms for the new ebook industry at the dawn of the era, so that when they get set in stone, it'll be in the authors' favor. In my opinion, Wylie is to be lauded, revered and much - much imitated. The biggest literary award for the new e-book industry should be named for him - the Jackal or the Wylie.
...continue reading "The Jackal, A Pioneering Royal & Nostradamus A La Amazon"