S2E11: Get Into Royalty Statements

The topic authors dread: royalty statements. They can be scary, daunting, and confusing... but they don't have to be. In this episode of Into the FOLD, Jael and Lin are joined by literary agent Carly Watters who breaks down a royalty statement. Learn how to read one, important things to look out for, and when you should raise concerns with your agent or publisher. Plus, Lin throws in some insights into royalty statements for indie authors.About Carly WattersAbout Carly Watters:Carly Watters is Senior Literary Agent at P.S. Literary and former VP of PACLA, the Professional Association of Canadian Literary Agents. She began her publishing career in London as an assistant at the Darley Anderson Literary, TV and Film Agency. Carly joined Toronto-based P.S. Literary Agency in 2010 and has sold over 100 books during her career. She represents award-winning and bestselling authors in the adult fiction and non-fiction categories, and select children’s books. The popular writing podcast The Sh*t No One Tells You About Writing, for which Carly is the co-host, has over 4 million downloads. She sits on the board of the Ottawa Writers Festival.Carly, Jael, and Lin's Tips for Reading Royalty Statements: 1. Save and document every contract, statement, etc. that is sent to you. Create a filing system to keep everything organized. 2. Don't assume the royalty statement is correct. Go through the statement with a fine-toothed comb and advocate for yourself if you find something unexpected.3. Take the time and make an effort to learn how to read statements, especially if you're an indie author without an agent to help you interpret what you receive.If you have questions for Jael & Lin, submit them to ⁠⁠[email protected]⁠⁠ and we may answer them in a future episode!If you've enjoyed this podcast and would like to support the work of the FOLD, please consider donating at ⁠⁠https://www.thefoldcanada.org/donate⁠⁠.Podcast Page: ⁠⁠https://www.thefoldcanada.org/intothefold⁠⁠Website: ⁠⁠https://www.thefoldcanada.org⁠⁠Instagram: ⁠⁠https://www.instagram.com/the_fold⁠⁠Facebook: ⁠⁠https://www.facebook.com/FestivalofLiteraryDiversity