Andrew Wylie
By Rachel Deahl
Summers are supposed to be quiet in the publishing industry. That wasn't the case this year, thanks to Andrew Wylie.
When the New York Times broke the news July 22 that Wylie had launched his own publishing business, called Odyssey Editions, to release e-book versions of backlist books by some of the superagent's marquee clientele (living and dead) exclusively through Amazon, any hope of a slow summer was officially dashed.
Wylie's actions got his eponymous agency temporarily blacklisted by Random House, but did bring the boiling conversation about royalties on backlist e-books to a head. In most respects, what exactly Wylie was attempting to do with Odyssey Editions is still unknown, and differs, depending on whom you ask. Some think he was trying to make a quick buck by becoming a publisher. (As he told the Times: "The fact remains that backlist digital rights were not conveyed to publishers, and so there's an opportunity to do something with those rights.") Others think he was pushing the royalty issue. Some think he was prodding houses like Random to move faster in releasing e-book editions of classics like those on the Odyssey list, which included Vladimir Nabokov's Lolita and Ralph Ellison's Invisible Man. Still others say he was simply drumming up publicity.
Whatever he might have been up to, Odyssey Editions created waves and ended with Random House lifting its ban on business with Wylie's firm after Wylie agreed that the house would become the e-book publisher of its print titles initially included on the Odyssey list. (No statement was ever made about the royalty Wylie won for his clients on those titles, but it's rumored to be above the standard Random House has since said it set on backlist digital titles—a sliding scale that starts at 25% and works up to 40%.)
Although Wylie was tight-lipped about Odyssey—he responded to our questions via e-mail—he did say he was surprised by the response it generated. Asked if he thought the venture pushed the issue of the digital royalty rate to the fore, he said he thought "it contributed to, rather than initiated, the discussion."
Wylie is also keeping mostly mum about the fate of Odyssey Editions itself, which is still up and running. (A number of non–Random House titles are currently available through Odyssey Editions, including Evelyn Waugh's Brideshead Revisited and Saul Bellow's The Adventures of Augie March.)
And what of the digital royalty rate that Odyssey Editions got people talking about? Is it fair? Wylie was also diplomatic on that topic. "I think inevitably there will be movement, but perhaps not for a couple of years."
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