Archive for March 28th, 2013

Payday: Cashing in on a best-selling book …

March 28, 2013

Preface: In class, we just finished doing a case called “Dewey the Cat” … Teams had to recommend a price to pay the author for the rights to the book, and develop a marketing plan for the book.

So, this real-life story is very timely.

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What’s it like, financially, to have the book go viral and be near the top of the bestseller list?

Patrick Wensink wrote a book titled ““Broken Piano for President”.

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According to Wensink, writing in Salon:

Last summer, my novel, “Broken Piano for President” shot to the top of the best-seller lists for a week.

After Jack Daniel’s lawyers sent cease and desist letter (because of the book’s cover graphics), the story went viral and was featured in places like Forbes, Time magazine and NPR’s Weekend Edition.

The book was the No. 6 bestselling title in America for a while … selling more copies than “Hunger Games” and “Bossypants.”

So, how much do you think Wensink netted on the book ?

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Deficit: Simpson-Bowles … be careful what you wish for, because you might get it.

March 28, 2013

Last week with Ryan & the Dems offering dueling budget plans, there was renewed chatter: “Why don’t they just implement Simpson-Bowles?”.

It’s usually stated in a way that it’s a painless gimme.

The convenient compromise.

My hunch: About as many people read the Simpson-Bowles Report as read the ObamaCare law.

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I expect that S-B will become a template for any “grand bargain” … so I started refreshing my memory

Here’s what you need to know …

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