Writing Excuses 9.40: Understanding Royalties, with Paul Stevens

Paul Stevens, an editor at Tor, joined us in front of a live audience at Westercon 67 to talk about royalties. After a brief definition of the term, he explains how royalties are calculated, how they're processed on Tor's side, and what sorts of things authors should and should not expect.  We talk about contractual terms, advances, the differences in royalty rates between the different mediums (ebooks, audiobooks, paperback, hard cover), and much more. We've had a lot of requests for an in-depth discussion of royalties. This, folks, is very definitely it.