Simon and Schuster have changed the wording of their contracts. Instead of copyrights reverting back to the author when the work goes out of print, the book's copyrights will remain in the publisher's hands for the remainder of the copyright--pretty much forever.
Lynn Viehl, aka S.L. Viehl, author of the Darkyn series and the StarDoc series, is going to receive the rights to some of her older works in the near future, and she's thought about releasing one of them as a free e-book since the book is out of print. If she worked for S&S, she couldn't do that.
What do you think? Would you sign with S&S?
Link shamelessly filched from PBW's blog.
More news from the agent's point of view at Pub Rants: Here, and here, and here.
Doesn't sound like good news does it?