June 11, 2019
Hello from Elizabeth, Anne, and Lynn.
As we receive daily deposits and vendor payments, all monies are going to fulfill outstanding commitments to our authors and contractors. Payments are being made each day.
To finance the transition plans outlined in the past newsletter, Dreamspinner has partnered with the Small Business Administration (SBA) for funding and expertise about strategic future planning and investment management. We are committed to maturing Dreamspinner into a company that merges the best of independent and traditional publishing models.
This partnership will support several initiatives, including:
- Combining use of print on demand and traditional fulfillment to facilitate delivering books to bookstore and library shelves while ensuring they appear at all online retailers and never go out of stock.
- Translating a higher percentage of titles into more languages and formats.
- Increasing the number of books in audio format and broadening distribution to include all available audio retailers and library systems.
- Partnering with an independent service that allows authors to customize their preferred payment method.
We are here and willing to discuss the current situation as well as future plans with authors. Our email addresses are below. Until this situation has been completely resolved, we will issue an update every Tuesday.
Elizabeth North, Chief Executive Officer,
Anne Regan, Chief Operations Officer
Lynn West, Publisher and Chief Development Officer
Questions about rights releases: firstname.lastname@example.org
This statement is not confidential. PDF download: https://tinyurl.com/DSPWorld-June2019#2