Royalty Statement

/ˈrɔɪəlti ˈsteɪtmənt/

[ roy-ul-tee steyt-muhnt ]

Children's books, publishing

Definition of Royalty Statement

A Royalty Statement details earnings from book sales, listing royalties owed to an author or illustrator.

What is Royalty Statement

A Royalty Statement is a comprehensive document that publishers provide to authors and illustrators, detailing the earnings generated from their book sales over a specific period. It breaks down the number of copies sold, the price of each sale, and calculates the royalties owed based on the agreed percentage in the contract. This statement serves as a crucial tool for authors to understand their financial success and monitor the performance of their work in the market. It is essential for budgeting, financial planning, and gauging the effectiveness of marketing efforts.

Examples of how to use the term Royalty Statement

After reviewing her Royalty Statement, Jane felt proud of her book's sales progress.
The publisher sent the Royalty Statement at the end of the fiscal year, detailing all sales made.
He noticed discrepancies in his Royalty Statement and decided to discuss it with his agent.

Children's books, publishing

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A-Z of children's book publishing Terms

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Frequently Asked Questions

What does Royalty Statement mean in children's book terms?

In children's book terms, a Royalty Statement is a document showing the earnings an author receives from the sales of their books, often detailing the number of copies sold and the royalties owed.

How would you explain Royalty Statement in layman's terms?

A Royalty Statement is like a paycheck for authors that tells them how much money they've made from selling their books.

Why is a Royalty Statement important for authors?

It's crucial for authors as it helps them track their earnings, understand the market performance of their books, and make informed financial decisions.

How often do authors receive Royalty Statements?

Authors typically receive Royalty Statements quarterly or biannually, depending on their publishing agreement.

Can errors occur in a Royalty Statement?

Yes, errors can happen, so it's important for authors to carefully review their Royalty Statements to ensure accurate reporting of their earnings.

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