Smashwords ceo Mark Coker told Forbes that the company expects to double their gross revenues in 2012, to $12 million. They keep roughly 15 percent of that gross, and the company expects pre-tax profit “approaching $1 million.” Coker indicates that romance novels and erotica comprise nearly 40 percent of sales. This week Faber & Faber launched a six-title series, Faber Forty-Fives, of ebook-only extracts priced at £1.99 taken from books on the publisher’s Pop list by Simon Reynolds, Rob Chapman, Nick Kent, and others. Editor Dave Watkins said on Faber’s blog the publisher had been “toying with the idea for a […]
