On 98-04-24, Michael Bradley <michael[_at_]vision-soft.com> wrote:
>
> Bloomberg, the financial news service, has started a book subsidiary.
> It uses its own reporter employees to write the books, giving them
> paid leave to go off and write, but no contract, no royalties, no
> rights--just their salaries during the paid leaves. Apparently,
> Bloomberg expects the books will be work for hire written within the
> scope of the reporters' employment.
Just wanted to clear up a possible misconception. Bloomberg also acquires books the old fashioned way, i.e., advance against royalty. I recently negotiated a book contract with Bloomberg on behalf of a non-Bloomberg employee-author. The final agreement was fair, if not generous to the author.
Lloyd Jassin
<copylaw[_at_]aol.com>
Received on Thu Apr 30 1998 - 14:49:41 GMT
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