I've seen a few of these little posts around, and they always seem so polite... "Agent A sold Novel B by Author C to Publisher D in a pretty little deal." Well, actually they'd say something like "nice" or "good," rather than "pretty little" (although maybe that should be a new one!).
But they aren't just being nice to each other. That's actually code for how big the advance is. And here's the key, in case you're curious:
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 +
See, I'm not making it up! |
Just a little tidbit for fellow industry stalkers...
Very interesting!
ReplyDeleteBut I don't get the purpose of these code phrases. Wouldn't it be simpler to just directly report the amounts of the advances?
I'm also wondering what happens if someone makes a mistake, using the wrong code phrase. Do they then post a correction, saying something like "The report of a very nice deal was mistaken, it was in fact a good deal"?
I guess some agents/publishers want to keep the exact amount hush-hush, but give some idea about the range? I find it odd too.
ReplyDeleteThese amounts are ALWAYS secret, unless you're one of the higher-ups 'in the know.' This is b/c if one author knows another author's deal, they get upset that theirs isn't as good, etc. Think about how managers at work keep salaries a secret, and you get the idea. =)
ReplyDelete