Friday, April 28, 2006

17th Street from the inside

No, no, don't switch off. I know that you asssociate 17th Street with Kaavya Viswanathan, and I know that you are weary of all that. But I have something new. Honest.

Well, actually John Barlow has something new. He has actually been there -- metaphorically speaking. He has worked with the guys at 17th Street, and got money off them! Which he didn't have to pay back! Now if that isn't worth your time I don't know what is.

John also has a blog, don't forget.

Meanwhile, Reuters report that Kaavya Viswanathan's novel -- good, bad, or indifferent, original or totally pinched -- has been pulled off the shelves by her publisher (link from booktrade.info).

5 comments:

Lynne W. Scanlon said...

Today's New York Times: Kaavya Viswanathan "confessed to copying passages...."

What a huge mistake, the repercussions of which will not only follow her forever, but no doubt stigmatize her Indian family terribly within that community as well.

As I wrote in a comment in PW: how could a smart girl be so very dumb?

DAVID THAYER said...

Too fast, too spurious.

Andrew said...

Take the Half Mill and run, Kaavya.

Lynne W. Scanlon said...

Ron Hogan of Galleycat and I were talking about the subject of this advance yesterday. It may be that the $500,000 is for three books. If it is, divide $500,000/3 = $166,000. Agent gets 15% off the top.

Hum... does the agent have to pay her/his money back, too, or is the author responsible?

Lynne W. Scanlon said...

I'm wrong. More info is coming out re the book packager's percentage (which could be 50%) and the agent's percentage (which could be 15%).