Bloomsbury Seeks Deal With Author Solutions Bewares

The publishing world has been turned upside down by ebooks and self-publishing. All the old middlemen – agents, publishers, distributors, retailers – are scrambling to reinvent themselves, trying to remain relevant in a digital world.  Self-publishing is big business. By my estimates, self-publishers have captured 30% of the US e-book market. And everyone wants a slice. Unfortunately, many organizations are prepared to do pretty much anything to make sure they get theirs. Author Solutions is the market leader in the author exploitation game. That, however, was no impediment to Penguin splashing out $116m to purchase the company in July 2012. And it has been absolutely no barrier to a huge range of companies doing deals with them of one kind Read More…