Understanding Your Royalty Statements and Learning What Questions to Ask Your Publisher
Deciphering a royalty statement to determine whether your royalties are being accurately reported can be frustrating for both first-time and veteran authors. Royalty calculations should be relatively straightforward. However, add in escalation clauses, varying rates for different sales categories, packaged products, ebooks, custom editions, high discount sales, best-seller bonuses, agreed-upon deductions, returns for reserves, specific definitions of earnings, and the calculation of royalties becomes much more complex.
This session will help you understand your royalty statements and tell you how to better understand them in connection with your publishing agreements. If you are still confused, we’ll guide you with questions for your publisher. We will also explain how to conduct an effective audit and make sure your agreement allows you to do so.
Juli Saitz leads the royalty compliance practice at Ankura Consulting Group. She has recovered millions of dollars for individual authors and other intellectual property owners. Ms. Saitz leads the contract and royalty compliance practice at Ankura. She has extensive experience serving clients ranging from individual authors to multinational corporation licensors. Her work in this area includes developing and implementing royalty compliance programs and performing audits of publishers and licensees around the world. She has helped a wide range of clients recover millions of dollars in asserting their audit rights related to licensed copyrights, trademarks, and patents.