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E-book publishing platform Byliner has been acquired by digital publishing firm Vook.
In June, San Francisco-based Byliner, which focused on releasing longform journalism, announced that it had "struggled to reach the level of growth" it had expected and was looking for partners.
Vook, based in New York, has now announced its acquisition of Byliner, and said it will turn the brand into its first in-house imprint. Vook has previously produced e-books for brands such as the New York Times and the Wall Street Journal.
Byliner operated under a subscription model, giving readers access to 30,000 pieces for $5.99 a month. Its catalogue included pieces by Margaret Atwood and Jodi Picoult. Vook has said it will no longer operate the subscription model, which saw authors paid a flat fee with royalties split equally between the author and Byliner, and Vook will now pay authors an 85% royalty on their work.
Vook c.e.o. Josh Brody said: "Acquiring Byliner is our first step towards taking everything we’ve learned from powering large brands’ publishing programs, and using it to directly empower authors to publish faster, market smarter, and keep more creative and financial control of their work."