Penguin owner buys ASI self-publishing company
According to the BBC, Pearson, which owns Penguin books among other things, has bought Author Solutions Inc in a £74 million deal.
The deal means that Pearson now has control of a self-publishing interest.
The news has raised concerns among some writers that intellectual property (IP) rights for new writers may be at risk, especially as at present ASI demands exclusive rights to works published, and pays only royalties.
However, a number of industry observers have suggested that more mainstream publishers may be looking to buy into self-publishing interests.
This is especially due to the success of recent works that were originally self-published, not least E. L. James’ “Fifty shades of grey”.
Regardless, the way people now read has changed, and self-publishing issues are increasingly on the radar for new writers.
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