What does this mean for all the authors out there?
Hard to say considering what ARe is doing as far as getting royalties to authors for this 4th quarter. Is it shady? Not for me to say, but I can tell you that organizations such as RWA don't appear to approve of the way this is all going down.
Is it a sign of better things to come in 2017?
Maybe these companies such as Ellora's Cave and ARe have simply run their course. Their business practices have been exposed. Perhaps going forward into the new year is a matter of authors taking back their rights to their work and becoming independent of publishers all together.
Don't get me wrong. I have publishers and I appreciate what they do for me, but the industry as a whole is changing and changing fast.
If publishers want to stay relevant they may have to reconsider their business design. They may need to offer more to writers. All writers, not just their bestsellers. Higher royalties may need to be paid, and real work might need to be done by publisher to promote their authors and get them honest reviews. Perhaps publishers need to get their author's works back into stores as paperbacks.
Fact is, Authors are becoming savvy to their own success.
2017 should be an interesting year. I don't know what will happen, but considering how fast the publishing industry moves, there is sure to be more drama and changes. Author are keeping up. It's time for the publishing industry to take notice and get ahead of the curve so they aren't left behind to close up shop.