Exclusive: In a surprise deal that could represent a shift within the publishing industry, Blackstone Publishing — the largest independent publisher in the multi-billion dollar audiobook business — has set up a partnership with The Story Factory to expand in the print and e-book markets. The centerpiece of the deal: Blackstone is making a three-author deal with New York Times bestselling and two-time Edgar Award-winning Steve Hamilton, five-time New York Times bestselling and four-time Edgar Award-nominated Reed Farrel Coleman, and Edgar Award-winning Meg Gardiner. All three authors, who are Story Factory clients, are leaving Penguin Random House to join Blackstone.
The partners said that at a time when even well-established authors are seeing advances and promotional budgets slashed, the three authors will receive career best paydays in a deal in the seven figures. The authors get creative and promotional approvals throughout the publishing process, and guaranteed publicity budget for each book launch.
The partners said that at a time when even well-established authors are seeing advances and promotional budgets slashed, the three authors will receive career best paydays in a deal in the seven figures. The authors get creative and promotional approvals throughout the publishing process, and guaranteed publicity budget for each book launch.
- 4/1/2019
- by Mike Fleming Jr
- Deadline Film + TV
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