US independent publisher Perseus Books Group has launched a distribution and marketing service for authors wanting to self-publish their own e-books, offering a 70% royalty rate to the author.
Called Argo Navis Author Services, it will be offered to authors represented by agencies that have signed an agreement with Perseus, with Janklow & Nesbit Associates the first to have done so.
It is understood that Curtis Brown Ltd is also close to signing an agreement, with discussions ongoing with more than twelve other agencies. No authors have adopted the service as yet.
The NY Times quoted Perseus president and c.e.o. David Steinberger, who said: "Fundamentally, it comes out of a concern that we've been hearing from authors and agents that they're looking for another alternative. We've heard from authors that they may have a book that's never been published, but it doesn't fit what their existing publisher is looking for."
The e-books will be distributed to retailers including Amazon, BN.com, Google, Kobo, Sony and Apple.