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Wednesday, September 16, 2015

Crowdfunding and Literary Magazines

Literary Launches: How Crowdfunding Is Fuelling the Avant Garde

The White Review, BOMB and Guernica are just some of the magazines turning to the wisdom of the crowd to publish quality literature

September 11, 2015 | Alison Flood

Fancy a 90-minute walk around London with Will Self, “writer and psychogeographer”, or dinner with the Booker-longlisted writer Ned Beauman in London’s “best Indian restaurant”? Either would set you back £500, but would also support the quarterly arts journal The White Review, the latest in a line of high-end literary endeavours which are going direct to their readers for funding, rather than struggling for space in a crowded market.

And readers are lining up to support them. “My own hunch is that people are sick of passively consuming – that they don’t want to be told what to buy,” says Dan Kieran, chief executive of crowdfunding publisher Unbound, which is preparing to release its 50th title, a memoir from Rose Bret├ęcher called Pure. 

<more at; related links: (Phundee. Community Organization) and (Kickstarting a books revolution: the literary crowdfunding boom. Authors, publishers and literary journals are all finding new ways of connecting directly to their readers – and their wallets – on online platforms such as Kickstarter. Marta Bausells examines the books industry’s new wave of social financing and picks 10 of the best literary crowdfunding projects. June 5, 2015)>

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