In an unprecedented move, the Wiley Literary Agency struck a deal with Amazon to publish 20 classic titles as ebooks on the Kindle. According to reports, this is the first time a literary agency moved into the publishing business.
Will this be a tren
Agency revenues would increase considerably for ebooks, especially with the current structure where agencies only receive 15% of the author’s royalties.
However, the big question is will traditional publishers go along with this scenario or refuse to publish an author unless they retain electronic rights?
Will this be beneficial to authors?
Read Stephen Windwalker’s column for more information on this emerging development.
Read the report from The New York Times.