Penguin Moves Into ‘Self’ Publishing?
Pardon me if this confused me.
According to this blog:
“Costing between $99 and $549, depending on whether the writer wants to format their ebook themselves or plump for a “professional print and ebook” option, Book Country, the self-publishing arm of Penguin, will give writers 70% of the sale price of a book priced above $2.99, and 30% of a book priced between 99c and $2.95.”
First of all, when someone publishes your book for you, it is NOT self publishing. When you upload your book to Amazon (or B&N etc) you self-publish. The price is, well, pricy.
If you upload the book yourself, it is free. If you get a formatter from smashword.com’s list, someone can do it for as little as $25. And, if you go for the “professional print and e-book option”, you can go the CreateSpace route with $39 for expanded distribution.
My question is, what is the writer getting for those prices? Will they get on Penguin’s catalogs? Nope. This arm of theirs is a subsidy/vanity press (you have the money, you can publish a book).
And, if Book Country is going give writers 70% of the sale price if the book is priced above $2.99, Amazon’s already doing that. Without the extra you’d be shelling out for Penguin.
Not worth the price, imho.