Lazy Literary Agents In Self-Publishing Money Grab via Argo Navis Bewares Publishing

I was at the London Book Fair last week – and I’ll be blogging about that soon – when the news broke that David Mamet is to self-publish his next book. His reasons? “Publishing is like Hollywood—nobody ever does the marketing they promise.” While I think it’s great that someone as high-profile as David Mamet is self-publishing, I was very disappointed to find out the way he’s doing it. Self-publishing is big business. By my estimates, self-publishers have captured 25% of the US ebook market. It can be lucrative on the individual author level too, with writers getting up to 70% royalties if they publish themselves. The reason why those percentages are so high is that self-publishing allows you to bypass the traditional Read More…

Literary Agency Sells 520 Books In One Deal, Raising Questions

Last week, Curtis Brown (UK) signed a deal for 520 of their authors’ backlist titles to be published by Pan Macmillan’s new imprint Macmillan Bello. 120 titles will be released between November and the end of the year, with 400 more coming in 2012, and the books will be available in both digital and POD formats. Regular readers might remember that, in May, Curtis Brown were considering a move into publishing after fellow-agent Ed Victor launched his own imprint Bedford Square Books. At the time, Jonathan Lloyd, the managing director of Curtis Brown, was quoted by The Bookseller as saying, “Where Ed Victor leads, others follow – and we are right behind him, but with a rather larger list.” However, Mr. Lloyd Read More…