By Edward Nawotka
Publishers looking for ways to expand their revenue stream have expanded into offering a variety of services — from producing movies, to booking speaking tours, to — as mentioned in today’s feature story — opening creative writing schools and offering services to other publishers. Faber & Faber has even stopped calling itself “a publisher” and now describes itself as “a publishing house bringing services to readers, writers and others.”
How far can publishers go? Earlier this year it was suggested publishers might open their own bookshops, like they did in days past — but with the decline in shelf space and retail sales in general, this looks like a bad idea. What more can publishers due to drive revenue?
Let us know what you think in the comments.