Scott Pack, The Friday Project's Commercial Director, and formerly of Waterstones, said, “Our profit share contracts will give authors a bigger stake in the success of their books and by making much of our list available for free online we will have direct access to readers, enabling us to generate that all important word of mouth before, during and after publication.”
In 2007, co-founder, Clare Christian launched Friday Fiction, a new imprint for original fiction discovered on the web.The move follows a similar business model to HarperStudio. The imprint offers writers a profit sharing model with advances limited to £70,000 str.
In March 2007 The Friday Project was shortlisted for two industry awards, one for Innovation in the Book Industry for their commitment to making their books available under a creative commons license and co-founder Clare Christian was shortlisted for a second for the company in the category of UK Young Publisher of the Year.
Again, this move can only once again underline that their is now a small but clearly noticeable shift in how our books are being published and how authors and publishers alike are going to have to revise their business models for book publishing and be far more creative over the coming months and years.
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