At the end of February 2008, a meeting between Robert S. Miller and Jane Friedman mutated into what could very well be the new face of publishing.
Miller, the founding publisher of Hyperion (the adult books division of the Disney corporation) met Friedman, the CEO of Harper Collins, to discuss the launch of a new publishing program. The program is being put in place to cut costs in the publishing world. The program will no longer allow retailers to return unsold copies of books to publishers, and will pay little or no advances to authors for their work.
As well, the imprint is unlikely to continue the common practice of paying good money for quality shelf space in book stores. Instead, it will put that money towards internet marketing, where book sales have increased dramatically in recent years (in tandem with the decrease in book sales at retail stores).
The new program has yet to be named.
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1 comment:
As if it wasn't hard enough for writers to make a living.
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