A new collaboration between UK booksellers and authors’ societies will mean that for the first time, writers will receive royalties on secondhand/used book sales. World of Books, the UK’s largest seller of used books, estimates the market for used books in the UK to be growing at 12% per year and will be worth £563 million within four years.
The scheme is called AuthorSHARE and was thought up by William Pryor, chairman of Bristol-based Bookbarn International which sells new, used, and rare books. “As a writer as well as founder of Bookbarn, I was puzzled that authors, the very people who create the raw material of our business, were not benefiting,” he said.
More details at Fine Books magazine
1 comment:
"The idea of royalties being awarded for secondhand book sales is an interesting approach to supporting authors and creators, ensuring they continue to benefit from their work even beyond the first purchase. When exploring Founding Startups, a platform that guides new entrepreneurs, it becomes clear that innovative financial options—such as those highlighted on FoundingStartups.com —can play a big role in funding new ideas. Just as royalties provide sustainability for writers, exploring creative funding solutions can provide entrepreneurs with the financial backing they need to grow and succeed."
Post a Comment