Monday, January 06, 2014

Monday Mentionable: Kensington Acquires Lyrical Press....Meaning What, Exactly?

Happy New Year! I hope you enjoyed a wonderful holiday season and ate and drank appropriate amounts of holiday food while laughing with friends and family. Can you believe it's 2014? Well, two days into this new year, I got some interesting news from the publisher of my recent novel, Beacon of Love. Lyrical Press was acquired by Kensington, a well-known, well-established New York publishing house. (Here's the full press release.) Why? Well, advantages to Kensington would seem to be a backlist of 200+ romance titles and authors, as well a Managing Director who's spent the last 7 years running a digital press. I think New York houses are finally coming around and realizing the potential of the e-book market. The advantages for Lyrical are the chance for some of its staff and authors to join a larger publishing company which has wide-spread, well-established resources for sales and marketing.

What does this mean in the big picture? All Lyrical authors have the option to sign a new contract with Kensington, putting our previously-released books into Kensington sales channels. Lyrical will remain a romance imprint under Kensington, releasing new works digitally and longer (full-length, at least 60K words) works in Print-on-Demand as well. Royalties are competitive with other digital presses, as far as I can tell. Or authors can choose not to sign, and to keep our rights to those books published with Lyrical - we could perhaps contract them with other publishers or potentially publish them ourselves.

What does this mean for me personally? As of right now, Beacon of Love is no longer currently for sale. If I sign with Kensington, it will be re-released within the next few months. This also means, however, that until I decide what I'm doing with Beacon of Love, I won't be publishing Inferno of Love this month, as I had originally intended. (I'm sorry, I'm sorry....I know some of you were waiting for it!). Don't worry - it WILL come out, I promise! And I'll keep you posted on both stories and where you can find them in the next few months.

Tentatively, I can say that I'm excited about this chance to sign with a New York publishing house. While I enjoyed indie publishing The Promise of Paradise, and will probably indie publish again in the future, it's hard work to do so, folks - especially when I have a full-time teaching job that consumes my days as well. And to be honest, being able to say that I'm a Kensington/ New York author is a big feather in my cap, one I've been dreaming of since I first started this publishing journey.

I'll keep you posted every step of the way. I have to say, it's been a pretty exciting start to 2014 so far!


Liz said...

Congrats Allie!

Janet Walters said...

There are always decisions to face in this business. The amount of time it takes to self-publish is one reason I haven't bitten that bullet.