« on: September 05, 2008, 01:56:42 AM »
Don't thing about the "potential" of the book, it hasn't happened yet. Just make sure you get properly compensated for your time.
Thanks Loren, I got some interesting answers to this on SOS forum. "We charge about £650 per minute of music we write, record and produce at my company. It's buyout and single use. If it's ownership and multiuse, considerably more. Cost goes down for large projects - just finished one that took us a year (whilst doing other things) and cost the client £112K." - that would make a 60 minute CD £39000.....and they don't appear to have a shortage of clients either.
I'm no longer thinking about royalties from future prints, again from SOS - "The one thing i've learned (learnt !!) over the years is to NOT hold out for royalties. Invariably when it comes down to it - the new publisher won't want to pay them or the old client will suddenly realize the headache involved. then there is re-use etc etc. I prefer loaded, in advance fees. When I quote for work I quote for the minutes and then lump a buyout on top of it."
That the project is for a good friend (not the money man) makes it more complicated as I'd like to keep costs down to give her book the best chance but I am not going to give my time away either. The money man did mention one million as a possible future print - at even one penny a print that would be £10,000................