This week I learned some new publishing vocabulary. First serial rights and second serial rights. This is because a new client had previously self published one of her books to no success. So instead of negotiating for the first serial rights, like normally we do with publishers, we were negotiating for the second rights, which means that they were buying the rights to the reprint. The term serial actually has nothing to do with whether or not a book will be published in a series. It is because books used to be published in newspapers and magazines in small little excerpts, called series.
I also learned a bunch of the different imprints which are sections of the big five publishers. The Big Five publishers are Hachette, Penguin Random House, HarperCollins, MacMillan, and Simon & Schuster. Within each of these publishing houses they will have different imprints such as William Morrow Publishing or HarperTeen. this allows them to divide their resources up. Sometimes these imprints were smaller publishers that were bought out by one of the Big Five.
It’s been another interesting week interning for Fuse literary! Till next time