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.