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Saturday, October 25, 2014

New Companies Writers Need to Know about in the World of Publishing

Chip MacGregor is the president of MacGregorLiterary, a full-service literary agency on the Oregon Coast. A former publisher with Time Warner, he has worked with authors as a literary agent for more than a dozen years, and was previously a senior editor at two publishing houses. An Oregon native, Chip lives in a small town on the Oregon coast. Chip is also the author of a couple dozen books and a popular teacher on the craft of writing and marketing. Connect with him through his blog and on Twitter.
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My recent blog posts on trends shaping the publishing industry has led to a number of people writing to me, asking what other new companies are doing significant things in the world of books. Several people simply asked, "Who are the new companies I need to know about in publishing?" I can think of several...
There are new companies that writers need to know about.
BookBub—This is a site that offers a daily deal for certain ebooks, and they have a huge database of readers they market to. Publishers and authors suggest titles and pay a fee to BookBub, and the company has an editorial team that selects the titles they want to offer. The price is usually very low (sometimes free), they send out an email advertisement to a couple million followers, and authors have been raving about the results. Another company, Riffle, is trying to do the same thing, only by offering more choices by letting the readers select the books they want to see discounted.
Oyster—A company that is the ebook version of NetFlix. You pay them a monthly fee, and you can read all the ebooks you want. They've recently signed a couple of deals with publishers, and their popularity is growing. (So much that recently Amazon created Kindle Unlimited, which does the same thing, only with a larger number of self-published books.) And, if you're not familiar, Entitle is another company that does something similar. Right now these two and the company below are leading the way with ebook subscription services.
Scribd—They also offer a monthly subscription service to ebook titles, but they're best known for document sharing and digital distribution. What you may not know is that Scribd does a nice job of working with authors, offering a bunch of analytics on who is reading what, which ebook device they're using, which genres are most popular, etc. In my view, this is one of the key companies to watch. They think creatively, are nimble, and seem determined to make an impact on the world of books.
Librify—Just started a year ago, they're basically a "Book of the Month Club" for ebook readers, and they are partnering with Target to sign up people and get them reading. I keep hearing they're right on the verge of breaking out.
With all the options, we need to stay informed.
Atavist—I'm always surprised I don't hear more from authors about this fabulous site. Started by a journalist, they offer great writing that is shorter form than books—most frequently journalistic pieces in the 10,000 to 20,000 word range, often including video and other visual elements. If you're like me and enjoy great nonfiction writing, you should check them out. A similar company is Byliner, which has done short-form fiction as well as nonfiction projects, and has teamed with some headliner authors in the past year.
DailyLit—Almost ten years old, this company got started by emailing chapters of Pride and Prejudice to people who wanted to read great books in bite-sized chunks, but needed someone to help them stay on track. Now they have their own serialized fiction projects that they send out to subscribers. I mention them because I know several authors who love their dose of daily literature arriving via email or app.
Zola Books—This is another one of those companies that may or not may survive, but has an interesting place in the business. They're a combination ebook store and social media network, and they take the unique approach of working with large independent bookstores (The Tattered Cover in Denver is one example), small indie presses, as well as working directly with some authors (such as Audrey Niffenegger, of The Time Traveler's Wife) to create and sell exclusive titles. Readers can comment on them and interact with the authors. It's a fascinating site. A company that's similar is Bilbary, which sells ebooks that can be read on any device.
Don't discount the value of fan-fiction sites.
Wattpad—One of the earliest fan-fiction sites, this is aimed at letting people come on to post their thoughts, poems, stories, and articles on the site, then letting others respond to it all. They started out focusing on young writers, ran into trouble when people started posting copyrighted material, and have said they're making an effort to stop the stealing. But they're one of the most well-funded of the newer companies, have signed deals with most of the major publishers, have done book launches for significant authors, and now offer their own crowdfunding plans. In my view, it's turned into a promotional site with some social media built in.
SliceBooks—Remember when you used to put together a playlist of your favorite songs on a CD? This company does the same thing, only with chapters of books, to try and create marketing pieces for publishers and libraries. And, if you're an author looking for new companies that offer helpful content, by all means check out BiblioCrunch, which is sort of a combination do-it-yourself publishing site and an Angie's List. You can visit the site to find cover designers, freelance editors, publicists, ebook consultants, and the like. Some people like them, others find they tend to push a bit hard, but they certainly have become a leader in the field of DIY indie publishing.

There you go... Fourteen companies that are becoming movers and shakers in publishing. What companies have you worked with that the rest of the folks in publishing should know about? Leave your thoughts in the comments section below.
Chip MacGregor

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