2 min read · May 31st · AuthorSHARE, a royalty fund set up by two used booksellers with support from industry bodies, is calling for more retailers to participate
William Pryor, founder of Somerset-based used bookseller Bookbarn International, came up with the idea to pay authors royalties on used book sales in 2015, but needed a wider partnership to make it work. World of Books Group, which describes itself as the UK’s largest retailer of used books, then got involved to help Pryor create AuthorSHARE, a royalty fund worth £200,000 for the scheme’s first year.
Authors will be paid each time one of their books is bought directly from the World of Books and Bookbarn International websites, up to a cap of £1,000 a year.
Nicola Solomon said that “as well as the welcome financial boost, authors love to know that their books are still being read and enjoyed long after the first sale”.