Traditional Publishers Racing to Find Hot Self-Published Writers

Vik RubenfeldFor WritersLeave a Comment

More measures of success for the self-publishing revolution.

Many traditional publishers now view self-publishing as a great way to discover new writers, Axelrod says. A quick search of Publisher’s Marketplace, using the keywords “self publish,” turned up 40 deals in the past twelve months, many ranked “significant,” $250K to $499K, or “major,” meaning over $500K. In July, Jamie McGuire inked a “major deal” for her runaway bestseller “Beautiful Disaster”; in August, Sara Fawkes landed a “significant deal” for her USA Today bestseller “Anything He Wants”. In an increasingly common sign of the times—agile publishers are altering internal processes to bring books to market quickly—Atria and St. Martin’s republished their newly acquired bestsellers in e-book format within weeks of announcing the deals.

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