New publisher plans to offer budding authors £24,000 salary

De Montfort Literature will employ an algorithm ‘to identify career novelists’, and hopes to free its writers from second jobsEven the most revered authors held down day jobs, from TS Eliot’s time at Lloyd’s to Walt Whitman’s stint as a government clerk. Now a “successful hedge fund with a passion for literature” is offering wannabe novelists the chance to turn literature itself into the nine to five, by offering a salary to its writers.De Montfort Literature, a new publishing company that is part of London hedge fund De Montfort Capital, is offering a £24,000 starting salary to writers who pass its selection process, which includes an algorithm that is “designed to identify career novelists”, psychometric tests and interviews. With up to 10 places initially available, De Montfort will also offer mentors and editors to provide advice and support, as well as designing, promoting and publishing the work. Authors would receive 50% of profits. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2018-06-01 00:00:00 UTC ]
News tagged with: #day jobs #ts eliot #walt whitman #selection process #provide advice

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TCS Launches Digital Publishing Platform at MarkLogic 2012

Washington, D.C., May 2, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting, and business solutions organization, today announced the launch of its Digital Publishing Platform (DPP) at MarkLogic World 201 ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-05-02 00:00:00 UTC ]
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BoSacks: No B.S. : The Real Secret to Publishing Success

By Robert M. Sacks In any given year, I give about a dozen “talks” about the publishing industry. Sometimes it is to interested companies and sometimes it is to the industry at large during publishing conventions... Continue reading at Publishing Executive

[ Publishing Executive | 2012-05-02 00:00:00 UTC ]
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The American Prospect Seeks $500,000 to Avoid Closure

The American Prospect is looking to raise half a million dollars this month, and gain $700,000 worth of pledged support for the new fiscal year starting in July, in order to avoid suspending publication, cutting back frequency or complete closure. Continue reading at Folio Magazine

[ Folio Magazine | 2012-05-02 00:00:00 UTC ]
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Yes, people still read: ebook sales by UK publishers grew 54 percent in 2011

All hail the ebook! Seriously, if it weren't for this marvelous literary development, try saying with a straight face that you wouldn't at least take pause before adding a new title to your collection. Numbers are in from The Publisher's Association -- a group of 120 companies across the trade... Continue reading at Engadget

[ Engadget | 2012-05-02 00:00:00 UTC ]
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Publishers support IBW with exclusive editions

Publishers are creating exclusive products, including an original essay by Julian Barnes, ... Continue reading at The Bookseller

[ The Bookseller | 2012-05-01 00:00:00 UTC ]
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E-Book Publisher Drops DRM

Science fiction publisher Tor UK has announced it will stop using the technology that restricts copying from all of its ebooks, in a possible precedent for the industry. Continue reading at PC World

[ PC World | 2012-04-30 00:00:00 UTC ]
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Something Is Rotten In The State Of E-Book Publishing

The publishing industry has a problem. The old guard haven't innovated. And neither their business models nor their products embrace the digital books revolution. Take the ongoing and complicated spat between Apple and the Justice Department over the agency pricing model and alleged collusion... Continue reading at Fast Company

[ Fast Company | 2012-04-26 00:00:00 UTC ]
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CUP repositions education publishing

Cambridge University Press’ Education publishing arm has been renamed International... Continue reading at The Bookseller

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Children's publisher Raintree heads to India

Schools and libraries specialist Raintree is launching into India with locally produced books... Continue reading at The Bookseller

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Nature Publishing Group Launches Linked Data Platform

Nature Publishing Group is trying to break into the future of scientific publishing with its new linked data platform—launched earlier this month; the new platform is designed to enrich search functions. Continue reading at Folio Magazine

[ Folio Magazine | 2012-04-19 00:00:00 UTC ]
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Canadians File Class-Actions Against E-Book Publishers

Last week, the Department of Justice filed a lawsuit against Apple and five publishers for allegedly colluding on ebook prices, and class-actions suits in the U.S. continue. Three Canadian law firms are filing class-action suits against as well ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-04-19 00:00:00 UTC ]
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Publishers: look to new markets, LBF told

Digital migration has taken off in the UK and US, but not in other countries to any significant... Continue reading at The Bookseller

[ The Bookseller | 2012-04-17 00:00:00 UTC ]
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Kobo reveals big plans

Kobo will launch its self-publishing platform this quarter and plans on expanding to “a... Continue reading at The Bookseller

[ The Bookseller | 2012-04-17 00:00:00 UTC ]
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Media Decoder Blog: Pulitzer Fiction Snub Has Book Publishers Fuming

An unconventional collection of novels failed to generate a consensus among the Pulitzer board members. Continue reading at The New York Times

[ The New York Times | 2012-04-17 00:00:00 UTC ]
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Imago launches ‘first in publishing’ consultancy

Book production company Imago is to launch a new digital consultancy tasked with helping... Continue reading at The Bookseller

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Amazon’s E-Book Pricing a Constant Thorn for Publishers

In February, the Educational Development Corporation said it would remove all its titles from Amazon, more evidence of the tumult over who gets to decide how much a book costs. Continue reading at The New York Times

[ The New York Times | 2012-04-16 00:00:00 UTC ]
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Audible to pay authors $1 per audiobook sale

Amazon is paying authors $1 for every audiobook they sell if they sign up to its Audible Author... Continue reading at The Bookseller

[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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Vatican, Bodleian Libraries will publish millions of ancient texts online

Works that will be available for perusal will include Gutenberg's Bible, believed to be the first text ever printed. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-04-13 00:00:00 UTC ]
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An E-Book Argument: Are Fixed Prices Needed to Preserve Publishing?

Alleged collusion aside, the publishing industry's agency pricing model may actually protect the long-term interests of everyone in the ebook value chain. Continue reading at AllThingsD

[ AllThingsD | 2012-04-13 00:00:00 UTC ]
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Double-digit print drop for top publishers

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[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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