Bad news in the world of ebook publishing. Just got the news that Quartet Press has disbanded. I have no idea what happened, and we might never know, but pay no attention to my reissue release dates in the left column. Very sad, because I know everyone at Quartet Press put in a tremendous amount of work and effort into building what they'd hoped would be a quality ebook publishing house.
GOODBYE FROM QUARTET PRESS
update: PW article. I suspected it was a shaky business model. I worried that they'd created too many paying positions before the launch:
I strongly suspect the editorial department killed them.
Here's my idea for a startup:
Begin with reissues only. In that way you completely eliminate the need for an expensive editorial department. Maintain rights one year, two years max, with option to renew. Pay writer 40 - 50%. Build business, then release a couple of amazing new titles that everybody is going to be talking about. Hire outside freelance editors and copy editors.
I don't suppose you would consider self-publishing your backlist?ReplyDelete
Anon, I'd originally planned to self-pub my backlist and then Quartet came along, so I'll go back to Plan A. I did the line editing of old material, and the cover designs belong to me, so everything is basically ready to go.ReplyDelete
Anne, I'm sorry to hear you're one of the authors affected. The whole thing stinks.ReplyDelete
I would do a free start-up biz if I had the creds. Would be worth having books I want to read available. ;-)ReplyDelete
thanks, jaye. luckily i have a new agent who really likes my memoir, otherwise i would probably be a little freaked out by the whole thing.ReplyDelete
heather, now you have me thinking... maybe i should start my own indie label for myself, then a few friends. must think of a name for it. kindle has a spot for publisher.
Sounds like a plan, Anne.ReplyDelete
Heh. I rhymed.
I'm so sorry for this blow, Anne. :(ReplyDelete
Oh, that sucks. I'm so sorry to hear that.ReplyDelete
I know it'll turn around, but still. Good luck. Keep my fingers crossed for that memoir.
jason, thanks so much. when i started gnawing on ebook numbers 2 months ago, i realized this wasn't going to be much income for me. max units i expected to sell: 1000. 35% of prob 6 bucks brings my max cut to around 2K. that would have been a GOOD figure. at that point i thought how can this work for any of us? for them, it had to be about the number of titles offered each month, and that figure would have to be high. just overwhelming to even think about. i i self pub, i really am thinking of using a pub name. i'll probably blog about that. something i've had in my head a while, but thought the idea too small. but this turn of events makes me reconsider the idea. small might be good.ReplyDelete
yes, thank god i have the memoir. and i am over the moon about my agent. memoirs are her focus and she really really really knows her stuff, so i'm still trying to process what i see and feel is a massive good turn of events in that area of my writing.
I'm glad to hear that you're thinking about self-publishing. I shall watch your blog to see when they are available.ReplyDelete
thanks, anon! I hope I can at least get Bad Karma out soon.ReplyDelete
If you need a lawyer for your startup, I might be able to recommend one. :pReplyDelete
jason, i'll keep that in mind. :)ReplyDelete
If you're looking to self pub, here's something I'd recommend reading:ReplyDelete
kirsten, yeah, joe is definitely the dude in the know when it comes to many things. :)ReplyDelete