Wiley Responds to Authors Guild
Since Wiley acquired the rights to all formerly Bloomberg book titles on March 11, we have been working to provide a wider audience and more sales for these authors. On April 29, Wiley sent letters to the affected authors explaining some changes – in plain English, which we felt would be most helpful and informative for our authors. Wiley invited authors to speak directly with a specific (and named) publishing officer if they wished to discuss these changes or raise questions. Their response to the new alliance has been positive.
This morning – without speaking with Wiley concerning its specific assertions – the Authors Guild issued an “alert” to its authors, claiming that the Wiley letter is deceptive and inferring that the Wiley changes it effects will reduce royalties for all or most former Bloomberg authors. This is simply not the case. We believe former Bloomberg authors will be paid higher royalties in most instances. The limited number of contract amendments the AG apparently chose to select are not therefore representative; nor are their “calculations” accurate. In any event, Wiley stands by its offer to discuss their individual contracts with all affected authors. We are happy to address any questions and concerns they may have about their individual contracts. Wiley is committed to the Bloomberg authors and is confident we will provide the best possible working relationships for them.
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