The Wylie Agency, which represents authors such as Norman Mailer, Philip Roth, Saul Bellow, and John Updike, is publishing 20 books through its new Odyssey Editions imprint and making them available for sale exclusively in Amazon.com's Kindle Store for $9.99.
Andrew Wylie, the founder and head of the agency, has been locked in a battle with publishing houses over the digital rights to a number of modern classics and "backlist" titles. His new move makes a big statement to big-name publishers, which have been shut out of a potentially lucrative revenue stream. Because digital rights have only been included in more-recent book publishing contracts, the electronic rights to a multitude of famous books are held by authors.
Deals, such as this one with Wylie, have the potential of netting authors or their estates much higher royalties than if they'd signed an e-book deal with a major publishing house. … Read more