Thursday, August 06, 2009

Publishers are growing less tolerant with authors who can't meet their deadlines:
But as book sales fall and publishing houses look for ways to cut costs, many literary agents are growing increasingly worried that publishers looking to trim their lists will start holding authors to deadlines and using lateness as an occasion to renegotiate advances and, in some cases, terminate contracts altogether.

“Publishers are looking at their books and saying, ‘O.K., this book is two years late. Do we want it anymore?’” said Eric Simonoff, an agent at WME Entertainment. “If the answer is no, they’re saying, ‘We don’t want it anymore—we’re calling our loan.’”

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