As the number of books being published continues to rise, it’s absolutely crucial to ensure you’re taking all the right steps to make your book launch a success. Last year, Amazon paid over $500 million in royalties to self-published authors through its Kindle Direct Publishing platform. In fact, an increasing number of aspiring authors are jumping into the game and publishing their own books. The State of Self-PublishingĪlthough a major publishing company recently shut down, the self-publishing industry is showing no signs of slowing down. By utilizing their skilled team, Scribe Media endeavored to level the playing field and grant equal access to the book publishing world, making it more accessible for aspiring authors and enabling them to share their stories with the world. They provided a range of services, including ghostwriting, editing, design, and publishing assistance. Their vision was to make this process less intimidating by providing authors with a one-stop solution, freeing them to concentrate on their expertise and ideas instead of the publishing’s technical intricacies. Scribe Media stood out as a top self-publishing firm founded by Tucker Max and Zach Obront, who aimed to help authors tackle the hurdles of publishing. This is an unexpected turn for one of the premier self-publishing companies. Employees have come forward with reports of issues with payroll that were early indicators of the company’s struggles, despite its recent expansion. This renowned company that offered professional book writing and publishing services has closed its doors due to “unforeseen business circumstances and faltering business”, as was announced on May 24, 2023, via email to their staff.Īlthough not out of the blue for some insiders, it still came as a shock to many. If you’re a part of the self-publishing world, you may have heard about the recent news regarding Scribe Media. This article was updated on June 8, 2023. He expressed sincere regret and acknowledged his poor decisions and well wishes to the Scribe community. McCormick resigned and highlighted ongoing efforts to secure a buyer and ensure the future of Scribe. Despite the closure, he praised the quality of Scribe’s published books and the commitment of the remaining team. McCormick apologized for not communicating with stakeholders promptly and admitted to not living up to his own values. He acknowledged specific mistakes, including mishandling layoffs and failing to be present as a CEO following a personal tragedy. JeVon McCormick, the former CEO of Scribe Media, took full responsibility for its closure and apologized deeply for the impact in a LinkedIn post.
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