NOOK Media LLC, a subsidiary of Barnes & Noble, Inc., announced the launch of NOOK Press, a new self-publishing platform offering authors a fast, easy and free way to write, edit, collaborate and publish the ebooks and directly distribute them to readers.
NOOK Press is the rebranded version of PubIt!, Barnes & Noble's original self-publishing platform. According to the press release, PubIt! continues to attract 20% more independent authors every quarter; titles from self-published authors continue to increase by 24% each quarter in the NOOK Store; customer demand for great independent content continues to dramatically increase as 30% of NOOK customers purchase self-published content each month, representing 25% of NOOK Book sales every month.
Leveraging technology from partner FastPencil, and designed with input from PubIt! authors, NOOK Press now offers unique collaboration, content creation, and publishing tools one interface.
The author compensation model is as follows: NOOK Press authors can price their titles between $0.99 and $199.99 and receive a competitive royalty based on the given price. For NOOK Press NOOK Books priced at or between $2.99 and $9.99, authors receive 65% of the list price for sold content. For those priced at $2.98 or less, or $10.00 or more, authors receive 40% of the list price.