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Helping to Change the World…Word by Word

The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Writing Craft » Book Business » Page 16

Book Business

Changes at B&H Fiction

By Steve Laubeon May 6, 2013
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by Steve Laube

 What is Next Sticky Note

In case you missed the news, last Thursday B&H Publishing (a division of Lifeway) realigned their fiction division. A number of changes accompanied the decision.

  1. B&H will continue to publish fiction, but only if the novel is connected in some way to other Lifeway projects, i.e. novelizations of movies like “Courageous.” [Please read their announcement on the company blog and this press release/article from Publisher’s Weekly date 5/6/13. A third version appeared in Christian Retailing’s daily newsletter.]
  2. Novels scheduled for release through March/April 2014 will continue as planned. But all novels contracted thereafter have been cancelled. Authors may keep advance monies prepaid and rights to those books will revert, but all future contracted advances will not be paid.
  3. Julie Gwinn, executive editor of fiction, will transition out of the company in July after completing current projects.

Business decisions like this are just that…business decisions. To understand these business decisions one must view them through the lens of history. B&H has been publishing fiction periodically for a long time. In 2007 they made a decision to become more intentional and hired Karen Ball to be their senior editor (link to the press release at that time) and work with David Webb who was the Executive Editor. Soon thereafter they hired Julie Gwinn to direct the marketing of their fiction line.

This initiative’s new titles began hitting the market in 2008…right at the time when the nation’s economy went into a severe recession. The absolute worst time to launch a “new business initiative.” Thus, from the beginning, there was an economic hole that became very hard to climb out of.

Over the next five years many changes occurred. They promoted Karen Ball to Executive Editor but then released her in 2010 (to our benefit because it allowed her to join our agency!) and put Julie Gwinn in charge of the whole line. Note that the number of bodies overseeing the department shrank over time…. There were also changes at upper management of B&H with a new President and a new Trade Publisher.

Meanwhile during the six years since the announcement of the fiction initiative they didn’t have a “breakout” novel per se. They had quite a few that did very well but no single title or author, unrelated to a movie, climbed the bestseller lists and dominated. And there is the key to the success of a publishing division…at least one barn busting title. It wasn’t an issue of quality, in fact eight of their books were finalists in the Christy Awards. It was an issue of sales volume.

What are the implications for the industry? Especially the fiction side of things?

  1. Fewer slots available for authors.
  2. Fewer bidders for new projects that garner multiple publisher interest.
  3. A number of established authors have to find a new home (see #1). Authors with cancelled contracts will attempt to find a new company to support their writing efforts. Especially those for whom writing fiction is a full-time occupation. Many agents received calls last Thursday with this news and on Friday received a list of titles from B&H affected by cancellations.
  4. A general shudder throughout the author community.

We have a choice when faced with adversity. One choice is to panic, cry out, and wring our hands with fear seeing this as confirmation that the industry is collapsing. Or we can get busy, absorb the news, and remember that we are not in control…there is a big God who was not surprised by these developments. One of my clients chose the latter despite having three future contracts cancelled.

We’ve survived similar changes in the past. NavPress disbanded their fiction program overnight five years ago. Multnomah fiction was slowly absorbed by Waterbrook’s fiction division after the company was purchased in 2006. I could go on, but you get the idea.

I am confident that content will win out. The best writers and the best stories will carry the torch. Readers demand great stories and readers are publishing agnostic (they don’t care who the publisher is). The market puts their money behind the projects that capture their interest and attention. Readers are hungry for the next best story!

If I have left something out or misrepresented any of the above facts I will gladly correct this post. Either let our office know privately or post a comment below. My desire is to let this post be as informative as possible.

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Category: Book Business, Steve, TrendsTag: Book Business, Trends

Focus from the Mountaintop: Career

By Karen Ballon May 1, 2013
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Focus. We all need it, in our careers, in our lives, even day to day. But as we discussed in previous blogs, there are different kinds of focus. Today we’ll take a look at how you can use Mountaintop Focus to guide you in your career as a writer.

As we discussed before, when you’re on the Mountaintop, you can see for miles and miles. So, first and foremost, Mountaintop Focus is big-picture …

Read moreFocus from the Mountaintop: Career
Category: Book Business, Career, Karen, Writing CraftTag: Career, Focus

Gotta Love Numbers

By Tamela Hancock Murrayon April 4, 2013
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I didn't attend kindergarten so my initial encounter with numbers happened in first grade. One day, we were working on math problems. As we finished, the teacher let each of us choose a stick of modeling clay. The colors were red, green, brown, and gray. I really, really wanted red. Green would have been OK, but definitely not brown and certainly not gray. I urgently scratched numbers on the ruled …

Read moreGotta Love Numbers
Category: Book Business, Career, TamelaTag: Book Business, Career

When Your Agent Makes You Speed Up

By Tamela Hancock Murrayon March 21, 2013
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by Tamela Hancock Murray

Since I wrote last week about when your agent may make you slow down, I thought this week it might be fun to write about why your agent may make you speed up. Now, speeding up is never, never to occur at the risk of writing less than your best. Story craft, along with  care and attention to detail, are always musts for fiction and nonfiction. But there are times …

Read moreWhen Your Agent Makes You Speed Up
Category: Book Business, Career, Get Published, Tamela, Writing CraftTag: Agents, Get Published

Taking Your Questions

By Tamela Hancock Murrayon January 24, 2013
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In my ongoing quest to address the needs of our blog readers, I am answering more questions authors have posed in the comments section of past blogs.

What publishers do you generally work with, and with which ones do you have the closest working relationship, or usually contact first? Which ones do you avoid? And why?

What I think you really want to know is, "If I sign with you, where will I …

Read moreTaking Your Questions
Category: Agents, Book Business, Get Published, Marketing, TamelaTag: Agents, publishers

Answers from the Mountaintop

By Tamela Hancock Murrayon January 10, 2013
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(Or, from my desk in Virginia, where I am fueled by bold, rich coffee)

Before Christmas, when I posted about having a serious talk with your agent, a couple of you asked more questions. I really appreciate you! Over the next few weeks, I'll provide my perspective on various questions. I want my posts to be a source of good, helpful information, so feel free to make more queries in the …

Read moreAnswers from the Mountaintop
Category: Agents, Book Business, Get Published, Tamela, Writing CraftTag: Agents, Get Published

2012 – A Year in Review

By Steve Laubeon December 31, 2012
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by Steve Laube

 

With today being New Year's eve we have a chance to reflect, evaluate, and celebrate the events of this past year.

Our agency was extremely busy this year closing on 118 new book contracts covering nearly 200 new books. That meant we averaged a new contract every two business days. Amazing. What makes this exciting is that, despite dour predictions, publishers …

Read more2012 – A Year in Review
Category: Agency, Book Business, Conferences, Steve, TrendsTag: 2012, Agency, Book Business, Trends, Year in Review

Serious Talk with Your Potential Agent

By Tamela Hancock Murrayon December 13, 2012
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What are some of the things you should ask when an agent has called to offer you representation? Here goes, in no particular order:

1) Would you go over your contract terms with me? Even though you will be reading the agency contract before signing, this is your chance to learn the main points you can expect to see.  Ask questions now. After you review the contract, don't be afraid to ask for …

Read moreSerious Talk with Your Potential Agent
Category: Agents, Book Business, Contracts, Get Published, TamelaTag: Agents, Book Business, Get Published

Why Is My Royalty Check So Small?

By Tamela Hancock Murrayon December 6, 2012
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This is it! You’ve had a book published, and your advance money is long gone. But your publisher has promised a royalty check and you know exactly when that check is supposed to arrive. You run to the mail box every day for two weeks until finally, Voilá! The check is here! You rip open the envelope to see a grand total of: $28.52? What???!!! How can this be? So much for the big screen TV. …

Read moreWhy Is My Royalty Check So Small?
Category: Book Business, Contracts, Money, TamelaTag: Book Business, Money, royalties

Reactions to Your Career

By Tamela Hancock Murrayon November 29, 2012
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Often, strangers ask me what a literary agent does. Once I tell them, they'll want to share with me that they are writing a children's picture book. Or an aunt, cousin, or friend, is writing one. I think a lot of parents write read-aloud books because they are part of the bedtime ritual with their own children and perceive that the volume of books published means the market is vast. Unfortunately, …

Read moreReactions to Your Career
Category: Agency, Book Business, Career, TamelaTag: Career
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