Monday, August 30, 2010

NewsFlash

Random House and Wylie Reach Agreement

From Publisher's Weekly: "The news that Random House had "won" its showdown with The Wylie Agency, over the inclusion of titles by its authors in Wylie's backlist digital publishing business Odyssey Editions, spread through publishing circles quickly on Tuesday, after Random House and Wylie released a joint statement. The statement said that Random House will now be the exclusive e-book publisher of its 13 titles originally part of Odyssey Editions and that, as a result of the agreement, Random House will lift its ban on doing business with the agency."

I had a feeling that Wylie's action was to get the proverbial ball rolling on a decion about this topic. And now it looks like nothing was really resolved. I'm anxiously awaiting financial information about this agreement. In the meantime, Daily Finance has some intersting insight on this.