Amanda Hocking, the darling of the self-publishing industry with over one million of her young adult paranormal ebooks sold, seems close to inking a deal with a traditional publisher.
From the New York Times Media Decoder blog:
Amanda Hocking, the darling of the self-publishing world, has been shopping a four-book series to major publishers, attracting bids of well over $1 million for world English rights, two publishing executives said.
Ms. Hocking has been held up as an example of an author who has shrewdly circumvented the established publishing industry, selling her novels through retailers like Amazon.com and BN.com and promoting them on her Facebook page and Twitter feed. Her books have landed on the USA Today best-seller list.
In Bizarro World news, this morning it was announced that thriller writer Barry Eisler rejected a $500,000 multi-book deal with St. Martin’s Press to try his hand at self-publishing.