Bao Lixin kept winking at Xiao Niu, who lowered his head to look at the teacup on the table. The tea leaves had completely expanded after being soaked in boiling water, and it was quite interesting to see them floating up and down in the water.
"Starry River and You" boosted the sales of "Teenage Idol", and its own performance was even better, selling copies in one quarter!
The book is priced at 38 yuan, and the royalty is 12%, so the royalty income is 3.035 million yuan. Even if Wen Ying only takes half of it, it is still 1.517 million yuan.
For the two books combined, the publishing house should pay Wen Ying a pre-tax income of 3.261 million.
With this money, Wen Ying no longer has to worry about the mortgage in Shanghai, and she can even make some other investments!
As soon as this thought came to her mind, Wen Ying couldn't help but look at Yuan Fenghui who was sitting next to her.
Wen Ying always had a premonition that Yuan Fenghui would trick her into spending the money quickly!
Yuan Fenghui raised her eyebrows and smiled, and Wen Ying immediately sat up straight: As long as I don’t talk too much with Teacher Yuan, my money will always be in my pocket...
The royalties for "Starry River and You" are 3 million, Wen Ying takes half and Gui Tianjiao takes the other half.
Yuan Fenghui and Wen Ying were both beneficiaries, but they were not very excited.
First of all, this was what Wen Ying and Tianjiao deserved. The royalties should have been settled long ago, but Bao Lixin had delayed it for so long. Wen Ying was not a masochist, so she was grateful to him instead.
Secondly, Wen Ying and Yuan Fenghui were not stupid. They both noticed a loophole almost at the same time.
"Editor-in-Chief Bao, if I remember correctly, the first print run of 'Star River and You' was 300,000 copies, and then there was another reprint, so the total print run was 600,000 copies, right? The sales figures you gave were 660,000. What's the reason for these extra 60,000 copies? We need an explanation from your publishing house."
Signing an agent has its advantages. The agent will say all the unpleasant words, and Wen Ying doesn't have to be at the forefront of the quarrel.
Facing Yuan Fenghui's questioning, Bao Lixin gave an awkward smile. "This is an oversight on my part. Because 'Starry River and You' is so popular, booksellers everywhere are urging us to reprint it. Last month, the publishing house urgently printed 200,000 more copies and distributed them to bookstores everywhere... Or maybe it's my fault for being constantly away on business and not communicating with you in a timely manner. I invited you two here today so I can apologize in person!"
An apology?
Wen Ying couldn't hold it in any longer. "Editor-in-Chief Bao, what you're doing is both illegal and unreasonable. I didn't even know my novel was reprinted! Now you're reprinting without informing me. So, are you going to stop telling me how many copies you've sold next?"
A novel with a print run of 600,000 copies actually sold 660,000 copies.
Since the additional printing was not told to the novel's author, Wen Ying had every reason to guess that Bao Lixin would conceal or underreport the actual sales data next.
If 1 million copies were sold, but Wen Ying was told that only 500,000 copies were sold, she could pay two or three million less in royalties... Therefore, the industry rarely uses actual sales data to calculate royalties. Royalties are calculated based on how many copies are printed. After all, whether a book is sold or how many copies are sold is entirely up to the publishing house, and the author himself has no way to count them.
Wen Ying cooperated with the publishing house to calculate royalties using actual sales data, which raised the upper limit of her royalty ratio from the beginning. The "tiered royalty" model helped her get 15% royalties.
At that time, Wen Ying was not worried at all that the publishing house would conceal the data, because Zou Weijun would not cheat Wen Ying!
It's different now.
Zou Weijun will no longer be involved in publishing, and Wen Ying will no longer sign this royalty-sharing model.
Wen Ying's questioning made Bao Lixin's expression ugly.
Xiao Niu suddenly looked up and said, "I didn't know about the second reprint of 'Star River and You'. As Xiaoyu's editor, I will report this matter truthfully to my superiors!"
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