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A new US start-up offers enviable royalties - for those who can afford to sign up.
After many months of rumours circulating in New York, the announcement finally came about Authors Equity, the start-up that Madeline McIntosh, the former US c.e.o. of Penguin Random House whom Bertelsmann parted company with 13 months ago, has been planning...
At a time when other new models are being tried in US publishing - such as Molly Stern's start-up Zando, involving major influencer imprints, and the independently revived Spiegel & Grau - McIntosh is trying something different that seems to be taking lessons from all those successful independent and hybrid authors out there. It's not for nothing that she spent a crucial two years working for Amazon between her stints at PRH.
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'If it sounds like writing, I rewrite it. Or, if proper usage gets in the way, it may have to go. I can't allow what we learned in English composition to disrupt the sound and rhythm of the narrative.'