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(Buffalo News)   Andrew Cuomo made $783K in royalties on a book that sold fewer copies than the Esperanto version of Drew's book   ( buffalonews.com) divider line
    More: Obvious, Taxation in the United States, Cuomo, Andrew M. Cuomo, adjusted gross income, Royalties, Cuomo book, Cuomo spokesman, Cuomo administration  
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755 clicks; posted to Politics » on 20 Apr 2017 at 3:36 PM (26 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2017-04-20 08:57:35 AM  
Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.


If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.
 
2017-04-20 09:04:58 AM  
You leave Ĝi estas Not News, Ĝi estas FARK alone!
 
2017-04-20 09:36:55 AM  
Wait Drew wrote a book?  I figured that would have generated an ad masquerading as and article or something...
 
2017-04-20 10:11:26 AM  

timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.


The trick that made Sarah Palin and a lot of other Right Wing pundits and authors money is the warehouse effect. Folks actually DO buy the book, at wholesale prices, and warehouse them, and then give them away as free gifts. The book gets out there, the cover is seen, but the proles don't really have to pay for it, and suddenly an unqualified and barely literate boob is a "best seller." It is essentially a grand way to launder money or just outright buy pundits and hide the bribe for commentary and speeches. But it DOES mean that actual books are bought, just to preserve the money trail.

It sounds like Cuomo was paid $750K+ for the rights to the book, plus royalties.
 
2017-04-20 10:32:41 AM  

hubiestubert: timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.

The trick that made Sarah Palin and a lot of other Right Wing pundits and authors money is the warehouse effect. Folks actually DO buy the book, at wholesale prices, and warehouse them, and then give them away as free gifts. The book gets out there, the cover is seen, but the proles don't really have to pay for it, and suddenly an unqualified and barely literate boob is a "best seller." It is essentially a grand way to launder money or just outright buy pundits and hide the bribe for commentary and speeches. But it DOES mean that actual books are bought, just to preserve the money trail.

It sounds like Cuomo was paid $750K+ for the rights to the book, plus royalties.


Oh, definitely, that happens for all sorts of reasons. The Scientologists have done it for decades in order to bolster Hubbard's sales numbers. I just thought the article was written from an odd perspective.
 
2017-04-20 02:23:02 PM  
I prefer Drew's book in the original Klingon.
 
2017-04-20 03:45:06 PM  

foo monkey: I prefer Drew's book in the original Klingon.


Tow N'Hall or not Think'Ar?
 
2017-04-20 03:45:14 PM  

timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.


No. He received and advance. Ie, the publisher gave him $218,000  for his book.  divide that out by the actual number of books that were actually sold it comes out to $245 per book.

It's an old trick to get money into politicians hands.  The Obama's received millions.  Hillary Clinton did too. the all did.
 
2017-04-20 03:54:17 PM  
It's easy to explain this, really. One person bought a copy of the book at an airport.
 
2017-04-20 04:00:10 PM  

hubiestubert: timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.

The trick that made Sarah Palin and a lot of other Right Wing pundits and authors money is the warehouse effect. Folks actually DO buy the book, at wholesale prices, and warehouse them, and then give them away as free gifts. The book gets out there, the cover is seen, but the proles don't really have to pay for it, and suddenly an unqualified and barely literate boob is a "best seller." It is essentially a grand way to launder money or just outright buy pundits and hide the bribe for commentary and speeches. But it DOES mean that actual books are bought, just to preserve the money trail.

It sounds like Cuomo was paid $750K+ for the rights to the book, plus royalties.

  You don't have to sell a single book to get the advance and regardless how little or much the book sells the author keeps the advance.  If the book actually sells more than the advance paid, the author receives more money.   The only reason an author would buy his own books and warehouse them is to get the book on a bestseller list...which yes certain religious groups have done.

OR, suppose you're the first black governor of MA and you "write" your autobiography. You get a pretty good advance from the publisher, but it's not enough for you so you get every agency in the state to buy thousands of them and make them required reading for school students.  Now you can even make more money and fuel your ego. without spending your own money.
 
2017-04-20 04:07:33 PM  

timujin: I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation.


If I remember my most recent tax return (and it was weeks ago, so bear with me), royalty income is listed separately.

The main thrust of your point still stands either way, though -- he was probably contractually paid an advance against royalties.

Why HarperCollins thought the book was worth such a large advance, on the other hand, remains a  topic for speculation...
 
2017-04-20 04:09:18 PM  
Drew's book is best in Braille.
Or Klingon Braille, which I believe has sharp spikes instead of bumps and literally rips the flesh off the finger tips of the reader, thereby encouraging the blind Klingon to kill himself.
Or just regular Braille. Or the 3-D pop-up version where life-like Drew caricatures stand right up out of the book and declare everything to be crap.
 
2017-04-20 04:21:40 PM  
Is this some ass backwards way to generate press for a book nobody would have read otherwise?
 
2017-04-20 04:35:19 PM  

Marbleisheavy: foo monkey: I prefer Drew's book in the original Klingon.

Tow N'Hall or not Think'Ar?


Gesundheit.
 
2017-04-20 05:08:22 PM  

Danger Mouse: hubiestubert: timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.

The trick that made Sarah Palin and a lot of other Right Wing pundits and authors money is the warehouse effect. Folks actually DO buy the book, at wholesale prices, and warehouse them, and then give them away as free gifts. The book gets out there, the cover is seen, but the proles don't really have to pay for it, and suddenly an unqualified and barely literate boob is a "best seller." It is essentially a grand way to launder money or just outright buy pundits and hide the bribe for commentary and speeches. But it DOES mean that actual books are bought, just to preserve the money trail.

It sounds like Cuomo was paid $750K+ for the rights to the book, plus royalties.
  You don't have to sell a single book to get the advance and regardless how little or much the book sells the author keeps the advance.  If the book actually sells more than the advance paid, the author receives more money.   The only reason an author would buy his own books and warehouse them is to get the book on a bestseller list...


Not just religious groups. Look at Sarah Palin as a for instance. Literally her book was being given away as "free gifts" for PAC fundraising events. She was propelled as a "rising star" because of the "best seller" status of literally hundreds of thousands of warehoused books. Most of which couldn't even be given away. This is NOT an isolated sort of thing. It's a nice way to launder money so that it doesn't look like you're buying someone AND you can give them a nice shot of fame and instant authority.
 
2017-04-20 05:17:13 PM  
I'm trying to think of which Farker bought the Esperanto copy of Drew's book now. At first I was like, who is enough of a dweeb for that? And then I realized, it is probably one of the Farkettes who bought it for an insane seflie thread in TotalFark.
 
2017-04-20 05:26:13 PM  
I almost read Drews entire book during a major flight delay. I still didn't buy it.
 
2017-04-20 05:58:31 PM  

timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.


Cuomo becomes a finalist in 2019 and the book sells 20 million copies. This is why he was paid so much up front.

I'm not really sure what these right winners are trying to allege.   Publishing advances are the norm.  They wanted Andy's story so they paid for it.

I have no doubt about them making every penny of that money back in four years time.
 
2017-04-20 07:03:13 PM  

Danger Mouse: timujin: Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life'' had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.

If he's making $245 in royalties per copy of a book that sells for $13, all he has to do is buy as many as he can and then he'd end up with all the money in the world! I don't feel like digging out Cuomo's return to be certain, but I doubt that money is specifically listed as "royalty" income. It sounds like this is simply "income", money paid to him by the publisher per some contractual obligation. Sucks to be them.

No. He received and advance. Ie, the publisher gave him $218,000  for his book.  divide that out by the actual number of books that were actually sold it comes out to $245 per book.

It's an old trick to get money into politicians hands.  The Obama's received millions.  Hillary Clinton did too. the all did.


Pepperidge Farm remembers:

http://www.nytimes.com/1988/06/12/us/behind-jim-wright-s-book-his-fri​e​nds.html?pagewanted=all
 
2017-04-20 07:07:48 PM  

Oreminer: Wait Drew wrote a book?  I figured that would have generated an ad masquerading as and article or something...


Pretty sure he did write a book.

Could of sworn it had a chapter about not giving nutjobs equal time though. So going off of Fark greenlights, I'm guessing I'm wrong.
 
2017-04-20 07:44:40 PM  

AstroJesus: Klingon Braille, which I believe has sharp spikes instead of bumps and literally rips the flesh off the finger tips of the reader, thereby encouraging the blind Klingon to kill himself.


There is actually such a thing as Klingon Braille. Behold.

There are two possible options for writing Braille on skin. Using a slate to guide tattoo needles, SG or EN messages can be easily pressed into the skin. Alternatively, messages can be written with short nails on pieces of wood (sharp ends up).

One need only strike the recipient in passing to imprint the message. The "addressee" could either learn to "read" the message instantaneously on impact or consult the resultant patterned laceration moments later to read it visually or tactilely.

This is faster than tattooing, but less permanent as the marks will presumably heal with the passage of time. Both of these methods for writing on skin are indenting rather than embossing per se unless some contaminant is sprinkled over the wound to encourage infection.


Well, you asked.
 
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