Sale Denied In Family Christian Bankruptcy
A U.S. bankruptcy court has denied the sale of Family Christian Stores to FCS Acquisition (a company founded by FCS owners to buy back the business). The bankruptcy auction is likely to be reopened.
Amazon, PRH Reach Deal
Amazon has signed new long-term sales agreements with Penguin Random House in both the U.S and the U.K. PRH was the last of the Big Five American publishers to reach a deal over sales terms.
Simply Read Books Faces Complaints
A group of Canadian children’s authors and illustrators charges that Simply Read Books has breached contracts and failed to pay advances and royalties on time.
Amazon Updates KU, KOLL Royalty Terms
Amazon is updating its royalty terms for authors enrolled in Kindle Unlimited and Kindle Owners Lending Library and will pay authors based on the number of pages read in each book borrowed.