Foreign Relations

Today I found out that My Wicked Enemy and My Forbidden Desire sold to Germany. Yay! I’ve been kind of moping (in my secret heart) that I’ve never, to my knowledge, sold German translation rights. Germany is a huge Romance market so I’m thrilled.

Economics

It’s interesting to me that the money, which made my eyes open when I saw the figure, is paid out between 2011 and 2014. Yes, the amount is more than I’ve gotten for foreign rights to date, but with the payout so long, it’s less than it seems, since inflation will decrease the present-day value of the advance.

What I’m finding with foreign rights, though, now that I’m actually selling them (either through my agent or my publisher, depending on the contract terms) is that these rights end up making me more money — over the long term, than the initial sale. Not all at once, but, as I’ve heard other authors say, in dribs and drabs. Huh. This is all very new to me, as to my knowledge my first two books were never translated and for the others that were, I was, alas, never paid for those translated editions.

Another Interesting Thing

According to the contract terms I saw, Book 2, My Forbidden Desire, will be translated and published first, then My Wicked Enemy. Not that it matters. I just thought that was interesting.

So hey!

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3 Responses to “Foreign Relations”

  1. Cybercliper says:

    Woo hoo – congratulations!! Will you be able to post the covers anytime soon? Would love to see them…

  2. Patti says:

    Yea! Congratulations, Carolyn!!