Author Terrill Lee Lankford Declines Deal Because Of 25% Royalties

After six months of negotiating, Author Terrill Lee Lankford has walked away from a deal with a major publishing house because of eBook rights to one of his past titles. The publisher offered a 25% royalty, which shocked Lankford. The author asked the publisher how they justified the rate, to which the response was, “The number has been handed to me.”

Lankford’s agent justified the deal with the fact that the publisher was offering a “sizable advance,” but it still didn’t seem worth it to the author.