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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[ The New York Times | 2011-09-19 00:00:00 UTC ]
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[ Media Week | 2011-09-19 00:00:00 UTC ]
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Condé Nast Publisher Moves: Kremins to Condé Nast Traveler, Myers to Brides, Bloom to Lucky

This story appears first on FOLIO: sister publication, minonline. Today (Sept. 16), Condé Nast CEO Chuck Townsend and president Bob Sauerberg announced the shuffling of these executives: Continue reading at Folio Magazine

[ Folio Magazine | 2011-09-17 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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Publishers rally to support Blackwell

Written By: Lisa Campbell Publication Date: Fri, 16/09/2011 - 08:30 Publishers have heeded warnings that academic booksellers had "months to survive" by offering greater support during this year's academic season, the m.d. of Blackwell has reported. David Prescott said publishers have been... Continue reading at The Bookseller

[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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Publishers rally to support Blackwell's

Written By: Lisa Campbell Publication Date: Fri, 16/09/2011 - 08:30 Publishers have heeded warnings that academic booksellers had "months to survive" by offering greater support during this year's academic season, the m.d. of Blackwell's has reported. David Prescott said publishers have been... Continue reading at The Bookseller

[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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[ AdWeek | 2011-09-16 00:00:00 UTC ]
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[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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[ The Bookseller | 2011-09-15 00:00:00 UTC ]
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[ The Bookseller | 2011-09-15 00:00:00 UTC ]
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[ The Bookseller | 2011-09-14 00:00:00 UTC ]
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[ Media Week | 2011-09-14 00:00:00 UTC ]
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[ The Bookseller | 2011-09-14 00:00:00 UTC ]
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[ The Bookseller | 2011-09-14 00:00:00 UTC ]
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[ PC World | 2011-09-13 00:00:00 UTC ]
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