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Trevor Dolby looks at the payments model of new publisher Authors Equity
I wonder if you have come across a new publishing company that's sprung up in New York called Authors Equity? It's been established by some very big hitters indeed: Madeline McIntosh, former chief executive of Penguin Random House US; Nina von Moltke, former president of strategic development at Penguin Random House US; and Don Weisberg, former chief executive at Macmillan.
They have a very slick landing pad of a website which then takes you to Substack, where they are creating, as all good publishers should, a community. Their USP, other than 'small is beautiful', is what they are calling Aligned Incentives: 'Our profit-share model rewards authors who want to bet on themselves.' In essence, they are not paying advance and royalties.
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