June 22nd, 2015

Macbeth the Usurper

Weekend

My daughter swam in the A-Meet over the weekend. She cut 7 seconds off her time, completing her lap in 33 seconds. If she had started with a good dive instead of a frog leap, she would have touched first. Way to go, girl.

Father's day was our usual visit to Nick's diner. I'm getting my order down. Two eggs, over easy, scrapple, no potato, and only one piece of toast.

My daughter, DesignGirl, is slowly expanding on food. Finally! She liked the beef stock that I bought the other day. She ate saffron rice at the kebab place on Saturday and the roasted tomatoes. Good stuff, that.

The new blueberries came with berries and are now ripening. We're eating some. I think that our local groundhog is eating some, too.

Jenny told a story at church, the King James Blues. You'll enjoy it.

Macbeth the Usurper

Writing Update

I did some revisions on A Crown of Silver Stars and I'm happy with the changes. Although I did not dislike the first ending, I think that the genre called for something more confrontational. I'm still not done revising, but I'm getting there.

I did a significant revision on Weeds Among Stone. I cut 10k words out of the manunscript in an effort to tighten it up and focus it in. I have no idea whether it succeeded, but I did find numerous text errors. Most significantly, I rearranged the ending, which I think helped tie the whole thing together far better. The ending should feel more like an ending now.

Following that, I pounded my head against my epub software. An update fixed that.

I'm moving onto iBooks next. I've started the rigamarole yesterday, then forgot about it, then did a little more 
Macbeth the Usurper

Estimating Somebody Else's Income

There's a bit of a brew-ha-ha caused by Kristine Rusch (KKR) with her most recent blog post on gaming the publishing system. She, along with her husband Dean Wesley Smith (DWS) own their own publishing company which handles their back catalog and and publish some of their projects. What I'm going to do here is to estimate the minimum income of their publishing company, WMG Publishing, based on public information. I've heard indies discount them because they aren't making any money and that they aren't successful. Let's test what the numbers have to say.

Disclaimer: This is a back-of-the-envelope calculation based on public sources. I have no privileged information.

Over the last few years, both KKR and DWS said that they have nine employees in WMG. That number has held steady, so I can reasonably conclude that WMG is earning enough to make payroll.

According to CSI Market, the print industry average $24k in profit per employee. Using that as an estimate, WMG would be pulling in about $240k profit.

CSI market estimates a $300k average gross income per employee in the publishing biz, which multiplies out to $2.7 million in gross income for 9 employees.

Put it together, and I can postulate that WMG grosses $2.7 million in business, netting $240k per year in profit. In addition, KKR and DWS gain additional income in royalties. Not a bad deal.

Are those numbers right? Certainly not. But the numbers are plausible enough to demostrate that critics overstate their cases.

What's interesting to me is that DWS and KKR have certaily given themselves good publishing contracts with WMG. When they sell the publisher (old age happens), they pocket $X million for the sale and they still get all their favorable royalties. Nice deal, that.