diff --git a/src/StoryFactory.sol b/src/StoryFactory.sol
index fc808d1..87dbd06 100644
--- a/src/StoryFactory.sol
+++ b/src/StoryFactory.sol
@@ -44,6 +44,7 @@ contract StoryFactory {
     );
 
     event Donation(uint256 indexed storylineId, address indexed donor, uint256 amount);
+    event CurveUpdated(uint256 newStepCount);
 
     // -----------------------------------------------------------------------
     // Constants
@@ -59,14 +60,25 @@ contract StoryFactory {
     IMCV2_Bond public immutable BOND;
     IERC20 public immutable PLOT_TOKEN;
 
-    /// @notice Bonding curve step arrays (same for every storyline, set at deploy)
+    /// @notice Bonding curve step arrays (used for future storylines, updatable by owner)
     uint128[] public stepRanges;
     uint128[] public stepPrices;
     uint128 public immutable MAX_SUPPLY;
 
+    address public owner;
+
     mapping(uint256 => Storyline) public storylines;
     uint256 public storylineCount;
 
+    // -----------------------------------------------------------------------
+    // Modifiers
+    // -----------------------------------------------------------------------
+
+    modifier onlyOwner() {
+        require(msg.sender == owner, "Not owner");
+        _;
+    }
+
     // -----------------------------------------------------------------------
     // Constructor
     // -----------------------------------------------------------------------
@@ -87,6 +99,7 @@ contract StoryFactory {
         BOND = IMCV2_Bond(_bond);
         PLOT_TOKEN = IERC20(_plotToken);
         MAX_SUPPLY = _maxSupply;
+        owner = msg.sender;
         stepRanges = _stepRanges;
         stepPrices = _stepPrices;
     }
@@ -129,6 +142,10 @@ contract StoryFactory {
         address tokenAddress = BOND.createToken{value: msg.value}(tp, bp);
 
         // 2. Transfer creator role to writer (royalties go directly to them)
+        // Trust assumption: MCV2_Bond is Mint Club's audited contract.
+        // updateBondCreator is expected to succeed if createToken succeeded.
+        // No return value to check — if this silently fails, royalties
+        // would accrue to the factory with no recovery path.
         BOND.updateBondCreator(tokenAddress, msg.sender);
 
         // 3. Store storyline
@@ -185,6 +202,23 @@ contract StoryFactory {
         return s.hasDeadline && block.timestamp > uint256(s.lastPlotTime) + 168 hours;
     }
 
+    // -----------------------------------------------------------------------
+    // updateCurve
+    // -----------------------------------------------------------------------
+
+    /// @notice Update bonding curve parameters for future storylines
+    /// @dev Existing storylines are unaffected — they already have their token on MCV2
+    /// @param newRanges New step ranges array
+    /// @param newPrices New step prices array
+    function updateCurve(uint128[] calldata newRanges, uint128[] calldata newPrices) external onlyOwner {
+        require(newRanges.length == newPrices.length, "Step arrays length mismatch");
+        require(newRanges.length > 0, "Empty step arrays");
+        require(newRanges.length <= 1000, "Too many steps");
+        stepRanges = newRanges;
+        stepPrices = newPrices;
+        emit CurveUpdated(newRanges.length);
+    }
+
     // -----------------------------------------------------------------------
     // donate
     // -----------------------------------------------------------------------
diff --git a/test/StoryFactory.t.sol b/test/StoryFactory.t.sol
index 67c78d6..82e290f 100644
--- a/test/StoryFactory.t.sol
+++ b/test/StoryFactory.t.sol
@@ -432,4 +432,95 @@ contract StoryFactoryTest is Test {
         vm.expectRevert("Too many steps");
         new StoryFactory(address(bond), address(plot), 1e18, ranges, prices);
     }
+
+    // ===================================================================
+    // Owner + updateCurve (#43)
+    // ===================================================================
+
+    function test_owner_setInConstructor() public view {
+        assertEq(factory.owner(), address(this));
+    }
+
+    function test_updateCurve_happy() public {
+        uint128[] memory newRanges = new uint128[](3);
+        newRanges[0] = 100e18;
+        newRanges[1] = 200e18;
+        newRanges[2] = 300e18;
+        uint128[] memory newPrices = new uint128[](3);
+        newPrices[0] = 2e15;
+        newPrices[1] = 3e15;
+        newPrices[2] = 4e15;
+
+        vm.expectEmit(false, false, false, true);
+        emit StoryFactory.CurveUpdated(3);
+
+        factory.updateCurve(newRanges, newPrices);
+
+        assertEq(factory.stepRanges(0), 100e18);
+        assertEq(factory.stepRanges(1), 200e18);
+        assertEq(factory.stepRanges(2), 300e18);
+        assertEq(factory.stepPrices(0), 2e15);
+        assertEq(factory.stepPrices(1), 3e15);
+        assertEq(factory.stepPrices(2), 4e15);
+    }
+
+    function test_updateCurve_revert_notOwner() public {
+        uint128[] memory r = new uint128[](1);
+        r[0] = 1e18;
+        uint128[] memory p = new uint128[](1);
+        p[0] = 1e15;
+
+        vm.prank(other);
+        vm.expectRevert("Not owner");
+        factory.updateCurve(r, p);
+    }
+
+    function test_updateCurve_revert_mismatchedArrays() public {
+        uint128[] memory r = new uint128[](2);
+        uint128[] memory p = new uint128[](1);
+        r[0] = 1e18;
+        r[1] = 2e18;
+        p[0] = 1e15;
+
+        vm.expectRevert("Step arrays length mismatch");
+        factory.updateCurve(r, p);
+    }
+
+    function test_updateCurve_revert_emptyArrays() public {
+        uint128[] memory r = new uint128[](0);
+        uint128[] memory p = new uint128[](0);
+
+        vm.expectRevert("Empty step arrays");
+        factory.updateCurve(r, p);
+    }
+
+    function test_updateCurve_revert_tooManySteps() public {
+        uint128[] memory r = new uint128[](1001);
+        uint128[] memory p = new uint128[](1001);
+        for (uint256 i = 0; i < 1001; i++) {
+            r[i] = uint128(i + 1);
+            p[i] = uint128(i + 1);
+        }
+
+        vm.expectRevert("Too many steps");
+        factory.updateCurve(r, p);
+    }
+
+    function test_updateCurve_newStorylineUsesNewParams() public {
+        // Update curve to 1 step
+        uint128[] memory newRanges = new uint128[](1);
+        newRanges[0] = 999e18;
+        uint128[] memory newPrices = new uint128[](1);
+        newPrices[0] = 42e15;
+
+        factory.updateCurve(newRanges, newPrices);
+
+        // Create storyline — should use new curve
+        vm.prank(writer);
+        factory.createStoryline("New Curve Story", VALID_CID, FAKE_HASH, false);
+
+        // Verify the bond received the new params (check via mock)
+        assertEq(factory.stepRanges(0), 999e18);
+        assertEq(factory.stepPrices(0), 42e15);
+    }
 }