Cornerstone in joint venture with Unbound

Cornerstone in joint venture with Unbound

Penguin Random House division Cornerstone is to take over trade publication of titles crowd-funded by start-up Unbound, after the two companies agreed a joint venture deal.

Unbound said the joint venture would allow it to focus on its core business of "crowd-funding innovative, challenging books and developing the direct relationship between authors and readers". Unbound will continue to fund and produce its own special first editions for subscribers who pledge via the website, but the editions distributed through the book trade will be produced and sold by Cornerstone under a profit-share...

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