As Traditional publishers try to figure out the future, and more books are being self-published than ever before, comes this news as reported on Publisher's Lunch and in Publisher's Weekly:
"Simon & Schuster is joining other publishers such as Thomas Nelson and Harlequin in pairing with Author Solutions--now owned by Penguin/Pearson--to offer its own self-publishing service. (Now that Nelson is owned by HarperCollins, that connects ASI to three of the largest trade publishers.)
The service, operated by ASI under license, brings back the old Archway brand and will be known as Archway Publishing. (Archway was an S&S line of young adult paperbacks, which published lines including Nancy Drew and The Hardy Boys.)
Like the other publisher co-branded ASI offerings, Archway Publishing offers self-published authors premium-priced packages that start at $1,999 (and $1,599 for children's book authors) and reach up to $25,000. (Nelson's West Bow Press packages start at $999; Harlequin's Dellarte's services start at $599. Other publishing partners include Hay House, Writer's Digest, and Guideposts.)
And in a nod to the ongoing clout of being Traditionally published:
"As with the other publisher-affiliated lines, Archway dangles the prospect that ASI "will alert Simon & Schuster to Archway Publishing titles that perform well in the market."
S&S CEO Carolyn Reidy said in the press release:
"Through Archway Publishing, Simon & Schuster is pleased to be part of the rapidly expanding self-publishing segment of our industry.... We're excited that we'll be able to help more authors find their own path to publication and at the same time create a more direct connection to those self-published authors ready to make the leap to traditional publishing."Fascinating times we're writing and illustrating in!