Simon & Schuster is joining other publishers such as Thomas Nelson and Harlequin in pairing with Author Solutions–now owned by Penguin/Pearson–to offer its own self-publishing service. (Now that Nelson is owned by HarperCollins, that connects ASI to three of the largest trade publishers.) The service, operated by ASI under license, brings back the old Archway brand and will be known as Archway Publishing. (Archway was an S&S line of young adult paperbacks, which published lines including Nancy Drew and The Hardy Boys.) It will be overseen through Simon & Schuster digital, with S&S business development executive Devu Gandhi serving as […]
Self-publishing
Penguin Acquires Self-Publishing Service Author Solutions For $116 Million
In the first significant investment by a major trade publisher in self-publishing, Pearson announced Thursday morning that it has acquired self-publishing service Author Solutions from Bertram Capital for $116 million in cash (or a little more than one times sales). ASI, formed in 2007 from the merging of iUniverse, AuthorHouse, and other related self-publishing services, was put up for sale earlier this year. Pearson said in a statement the buy “gives Penguin a leading position in this fast-growing segment of the publishing industry and brings significant opportunity for the two companies to collaborate. Penguin will gain access to ASI’s expertise […]
People, Imprints, Etc.
Jonathan Lyons will join Folio Literary Management as executive director of subsidiary rights, and will also serve as the agency’s legal counsel on select issues, including contract, copyright, and estate law. He has been running his own agency and law practice. Molly Jaffa has been promoted to director of international rights, and will continue to develop her client list. Jennifer Doerr has joined Yale University Press as senior publicist. She previously held director of publicity positions at Macmillan Children’s and Skyhorse Publishing. At Random House Children’s, Chelsea Eberly was promoted to associate editor. In the UK, Bloomsbury is launching a new […]
How Many Self-Published Authors Were Bestsellers In 2011?
Self-publishing success stories were another big, perhaps overplayed, theme in 2011, and the new year starts off with the transition of Amanda Hocking bestsellers to St. Martin’s. The first in her Trylle Trilogy SWITCHED was reissued on January, with both the ebook and 336-page paperback priced at $8.99. TORN follows on February 28 and ASCEND will be rereleased on April 24. Here’s a link for an NPR All Things Considered piece on Hocking. Meanwhile, a user of Penguin start-up Book Country, Kerry Schafer, elicited interest from agent Deidre Knight for her fantasy novel BETWEEN, and made a two-book deal with […]
Constellation Pairs With Faber Factory In UK Joint Venture
The UK’s Faber and Faber has joined with the Perseus Books Group’s Constellation to form a UK joint venture focused on digital distribution for independent publishers. The new entity combines Faber’s e-distribution initiative Faber Factory–with 70 client publishers–with Constellation’s platform, to form Faber Factory Powered By Constellation. Faber ceo Stephen Page says in the announcement, “Faber Factory was conceived as an ambitious response to the enormous and liberating opportunity for independent publishers in the digital age. The power of Faber partnering with Perseus makes this ambition immediately achievable, globally and long term as together we can offer market-leading tools, service […]
Bookselling: Atlantic Books To Close Seven More Stores; New Stores In LA and Danville; and More
Conshocken, PA- based Atlantic Books will close seven stores in shore towns in New Jersey and Delaware. Co-owner Mark Simon tells the Press of Atlantic City, “They’re no longer profitable, and have not been for the last year or so,” adding that “it becomes more and more difficult to afford the rent.” In New Jersey they are closing shops in Beach Haven, Cape May, Stone Harbor, and two in Ocean City (plus their Somers Point store closed earlier this summer), and in Delaware stores in Bethany Beach and Fenwick Island will close permanently this fall. That will leave the chain with only […]