In an unprecedented move, the Wiley Literary Agency struck a deal with Amazon to publish 20 classic titles as ebooks on the Kindle. According to reports, this is the first time a literary agency moved into the publishing business.
Will this be a trend as agencies struggle to survive in the dwindling print market? It might be. An agency would sign on an author, retain electronic publishing rights and then sell print rights to traditional publishers.
Agency revenues would increase considerably for ebooks, especially with the current structure where agencies only receive 15% of the author’s royalties.
However, the big question is will traditional publishers go along with this scenario or refuse to publish an author unless they retain electronic rights?
Will this be beneficial to authors?
Read Stephen Windwalker’s column for more information on this emerging development.
Read the report from The New York Times.
You must be logged in to post a comment
How cool is this ‼️
If you have a completed manuscript, we would like to hear from you. We are currently looking for titles to publish.
Go to our Query Page (see the tab on the top) and review our submission requirements before submitting your manuscript. We like to receive the first three chapters by email.