Hachette recently bought Perseus books. What hasn’t been discussed widely in the media is that the deal included 400 indie publishers. The indies represent $300 million in distribution sales volume of the total value represented in the deal.
This is great news for authors. Although the merge hasn’t been without its issues for the indies, it does signal that traditional houses are taking indies seriously…and that they value the products they produce. In time, we are likely to see more mergers like this with traditional houses and indies teaming up to revitalize publishing…and reading.