Two Big Five publishers offer voluntary resignation/buyout
Hachette and HarperCollins have both announced voluntary programs to encourage long-time employees to resign or retire.
Traditional Publishing
AI Becomes a Hot-Button Issue in Contracts and Agreements
A look at proposed remedies to rights issues in generative AI.
Mattel launches publishing imprint
The imprint is designed to “focus on titles that tie in closely with franchise launches and priorities, story content, and more expansive world building.”
Simon & Schuster is doing great (and still for sale)
Simon & Schuster exceeded $1 billion in sales for the first time ever in 2022—an increase of 18.5 percent over the prior year.
Links of Interest: March 1, 2023
The latest in traditional publishing, culture & politics, libraries, Amazon, and TikTok.
Roald Dahl’s work revised by UK publisher, leading to criticism
Last month, the Telegraph reported it had found hundreds of changes in the latest UK editions of Dahl’s children’s books.
Deal reached in HarperCollins strike
After being on strike for three months, the HarperCollins union has reached a tentative agreement with HarperCollins.
Catapult closes non-book businesses
Literary publisher Catapult, which includes Soft Skull Press and Counterpoint Press, will suspend its online magazine and writing classes
Simon & Schuster is officially up for sale again, as expected
Simon & Schuster’s parent company, Paramount, is said to be shopping for a private equity buyer to avoid further antitrust scrutiny.
The Problem with Auctions
The right editor and marketing plan is more important than a big advance, according to some editors and agents.