Edward: We will see fewer acquisions. The days of super high advances is behind us. They are correcting and are "earn-outable." Buzz-worthy books will remain but won't be so off the charts. Where the smart money is is royalties.
Alyssa: Remember advances are advances. In the ideal sence, your book will earn out and make money in royalties.
Michael B: We're going to see advances going down and royalties and profit sharing going up. This will trickle down to children's publishing.
Your SCBWI 2024 Summer Virtual Conference "TEAM BLOG" is Debbie Ridpath Ohi, Don Tate, Jaime Temairik, Jolie Stekly, Justin Campbell, and Lee Wind. Check in here and on socials at #scbwisummer24 for updates, countdowns, and LIVE BLOGGING from the conference!
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