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Hybrid publishing is the source of debate in the publishing industry, with some viewing hybrid publishers as vanity presses in disguise. [7] However, a true hybrid publisher is selective in what they publish and will share the costs (and therefore the risks) with the author, whereas with a vanity press, the author pays the full cost of production and therefore carries all the risk.
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In 2013 Forbes magazine and Publishers Weekly reported that Author Solutions and its associated companies were being sued as part of a potential class action suit alleging deceptive practices. Damages of $5 million were sought. [10] [11] Publishers Weekly reports that the suit has been filed in the Southern District of New York. [12]
A hybrid press is a publishing house which can be broadly defined by its source of revenue. The revenue source of a traditional publisher is through the sale of books (and other related materials) that they publish, while the revenue of hybrid publishers comes from both book sales and fees charged to the author for the execution of their publishing services.
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After acquiring the content of independent publishers E-Reads [6] and Premier Digital [7] in 2014, and signing deals with other publishers and authors, the Open Road Media catalog expanded to 10,000 titles by 2015. [8] Media veteran Paul Slavin joined the company as president in 2015 and was named CEO in 2016. [1] [9]
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