I’m blogging at Books & Such today. Here’s a preview:
A blog reader wrote:
I’ve found myself in a frustrating situation with a publisher regarding the definition of “out-of-print” [and not being able to obtain] a reversion of rights to two of my novels. These novels have earned back their advances but are no longer available to the public. I’m guessing this situation has come about because I signed these contracts before e-book rights were contracted. Do authors still have so much difficulty obtaining a reversion of rights when their books are no longer in print?
Good questions. Rights reversion is an important element in a publisher contract, and this is one of the reasons to have an agent or someone knowledgeable in publishing who can negotiate a contract for you.
“Reversion of rights” simply refers to the point in time at which the publisher no longer owns the rights to your book. When the rights revert to you, the author, you’re free to sell them again or do whatever you want with your book. In the past this wasn’t as important because it was unlikely that another publisher would want to take on an already-published book. Your main option was to self-publish and you’d likely not be able to make enough money to cover your self-pub costs.
But all that’s changed in the digital age.