Author Amanda Hocking signs seven-figure book deal

In January she had sold more than 450,000 copies of nine self-published titles, tales of trolls, vampires and zombies. More than 99% were e-books.

“I can’t really say that I would have been more successful if I’d gone with a traditional publisher,” Hocking, who lives in Austin, Minn., told USA TODAY’s Carol Memmott. “But I know this is working really well for me.”

Today, St. Martin’s Press announced that it secured print and e-book rights to a new young adult paranormal series by Hocking in a major auction. The New York Times says bidding “rose beyond $2 million” for the four-book deal for Hocking’s new Watersong series. St. Martin’s would not discuss the money.

Said Hocking on her blog earlier this week: “I’m a writer. I want to be a writer. I do not want to spend 40 hours a week handling emails, formatting covers, finding editors, etc. Right now, being me is a full time corporation.”

The first book will be published in fall 2012.

Source:

http://content.usatoday.com/communities/entertainment/post/2011/03/author-amanda-hocking-signs-seven-figure-four-book-deal-/1#.WH5fO9IrInQ

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