20 July 2015
In the UK a new digital publisher called Canelo releases its first titles this week and will discover over coming months whether its bold, innovative approach will work. It is operating in a different way to most publishers in that it is not paying advances, but offering its authors much higher royalties, starting at 50% and going up to 60%. It is also signing titles on short, five-year licenses, giving authors the option to take titles elsewhere if they wish, and is rediscovering old authors and backlist titles, presenting them afresh to a new audience.