Hannover House Sets New E-Book Royalty Standards and Initial Releases
10 Marzo 2011 - 6:47PM
Marketwired
In the wake of continuing debate between publishers and authors
regarding the establishment of fair and reasonable royalty rates
for the emerging E-Book platforms, Hannover House has announced
today a new standard rate of thirty percent of E-Book net revenues
for authors. This new rate for all Hannover House authors surpasses
the current industry standard of twenty-five percent E-Book
royalties being offered by most major publishers. Hannover House is
the entertainment and publishing division of Target Development
Group, Inc. (PINKSHEETS: TDGI).
Initial E-Book releases from Hannover House will launch in June,
and include two non-fiction titles from author Barr McClellan, and
two fiction thrillers from author Vivian Schilling. McClellan's
"Made in the USA" was published in hardcover format in March of
2010, and his New York Times Bestseller, "Blood, Money & Power:
How LBJ Killed JFK," was originally published in September 2003.
Schilling's acclaimed thriller "Quietus" was originally released in
hardcover format in January 2002, and her debut thriller "Sacred
Prey" was originally published in September 1994. Both "Blood,
Money & Power" and "Quietus" have sold more than 100,000 units
each in various print formats, and are expected to be significant
sellers again once released on the various E-Book platforms.
"It was important for Hannover House to make a statement that we
stand with our authors in support of fair and reasonable royalties
for new media formats," said Eric Parkinson, C.E.O. of Hannover
House. "E-Books provide publishers with greater efficiencies and
lower costs of production, freight and storage, so it only makes
sense that the author's share should increase, not decrease as
other publishers have claimed. If we don't compensate the authors
fairly for these emerging formats, the publishing industry will
jeopardize the supply of quality material by removing the financial
incentives for authors."
The launch of Hannover's initial E-Book titles will be promoted
with ads in the New York Times Book Review, Publisher's Weekly and
multiple internet sites targeted to reach avid readers.
"These royalty rates will not jeopardize the profitability of
our publishing division," said Parkinson. "We believe that paying a
fair royalty will build author loyalty as well as encourage other,
established authors to consider Hannover House for their future
publishing needs."
In other news, Hannover House announced the creation of the new
position of "Publisher - Editor" to administer all acquisition and
release activities for the company's book division. A search for
qualified candidates has commenced, with the goal of having this
key managerial post in place prior to the Book Expo America
convention in late May. Hannover House book titles are available
through most major book retailers, including Barnes & Noble,
Borders Group, Hudson Group, Books-A-Million, Hastings and all
major internet book selling sites.
For more information on Hannover House contact: LAUREN
STERLING Hannover House 479-751-4500 Lauren@HannoverHouse.com
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