This initiative will offer five $10,000 grants to writers, aiming to end the stigma surrounding mental health and diversify mental health narratives in fiction.
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So pity the PRH authors who missed out on a share of BookBeat’s accumulative royalty payout of SEK 3.5 billion ($320 million) to participating publishers and authors.
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A few days ago TNPS reported on the latest numbers from OverDrive, as record were broken yet again, with 366 million ebook downloads blowing a gaping hole in the preferred industry narrative that ebooks are out of fashion.
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The transformative role of audio content in the publishing landscape, at a time when print is facing serious challenges that can only be exacerbated over the next few years as new economic realities hit home.
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There are only three certainties in life: death, taxes and the January TNPS round up of the real numbers for ebooks that the industry collectively prefers to keep in the shade.
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To put it in layman’s terms, Spotify is delivering for publishers and authors. But don’t expect any retraction or apology for getting it so wrong from the UK’s Society of Authors.
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Imagine for one moment if, somehow, the Bertelsmann buy-out of Simon & Schuster had been successful and the ever-tuxedoed Count Dohle was still emerging from the grave each night to dictate PRH policy. There would have been no Spotify deal and no unprecedented surge in the fortunes of the audiobook industry.
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By recognising and embracing the full potential of AI across the industry, publishers, authors and narrators alike can surf this new wave of possibilities, instead of being left behind.
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Why, the publisher might ask, would a mere author want that kind of valuable info? This is the thin end of the wedge. The slippery slope. What next, letting authors see the actual sales records for their books?
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The kingmaker will be the big publishers, but it will be consumers that that will be the kingmakers’ kingmaker – TNPS 2020.
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Storytel US reports “a lot of tailwinds” from Spotify audiobooks move.
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AI narration of audiobooks, while understandably initially perceived as a threat, can actually offer several benefits to human narrators, if they are willing to embrace the opportunity unfolding.
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