nein51 said:
Oldbear83 said:
muddybrazos said:
BearFan33 said:
riflebear said:
Hooray Capitalism...
I wonder if a reporter will ask Warren or Sanders about this?
Also - didn't they get the memo the oceans are rising? Why would they buy a place right next to the ocean if it's going to be under water in a few years?
I guess Netflix is paying very, very, very well these days. Where is all this money coming from?
he and his husband Mike got a 30mill book deal for both of their books
Yeah, that makes a lot of business sense for the publisher. Actually, it makes no sense.
Bill Clinton's My Life sold 2.25 Million copies and he was given a 15MM advance (roughly 20MM in today's economy).
Michelle Obama's Becoming sold around 3.5 Million copies...in 15 days. At $9.99 a book which would be incredibly cheap that's $34,965,000 on an investment of $15,000,000. Im betting anyone on this board with that kind of scratch would be over the moon with a return like that. All things considered it makes a ton of sense for the publisher.
So work it through.
Publishers generally lose money on about half their product, and spend about 30% of list price on printing the books, with another 10% or so in distribution and advertising. So if a book lists for $30 (
what most celebrity bios and memoirs go for now), '
My Life' generated around $67.5 million, cost about $27 million to print and distribute, leaving $40.5 million gross profit. Of that, $15 million for Mr. Clinton would be a rate of 37%, or between two and three times the rate offered to Tom Clancy or J.K. Rowling for their best-sellers.
The publisher would pay Mr. Clinton his $15 mill and apply the remaining $25.5 million against losses on things like Hillary Clinton's "What Happened", which by all accounts sold worse than Bernie Sanders' advice on how to attract young women.
