By Edward Nawotka

In our lead story today, author and marketer M.J. Rose and publisher Robert Miller debate the future of what the publisher/author relationship. Both come at the topic from different angles, but they both agree that advances, as they exist today, need to change. Rose wants marketing expenses undertaken by the publisher to be deducted from the sum that must be earned out before royalties are paid; Miller believes that authors don’t necessarily need advances but in return, should be entitled to a bigger cut of the profits.

So, the question is: What is the future of the book advance? If the advance goes away — or is significantly reduced — how will it affect the literary landscape? What are the implications for industry? For authors?

Let us know your thoughts in the comments below or via Twitter using hashtag #ppbonus.