by Judith Briles on The Book Designer site:
Tate Publishing bit the dust and formally closed its doors on January 24, 2017. There are millions of dollars in lawsuits including one from Lightning Source (that’s Ingram) for over $1.8 million. In February, a default judgment was entered against Tate when its owners did a no-show in court. I can’t even imagine the number of authors and books who have been damaged.
Why another column on what I call the Publishing Predators?
The self-publishing / indie publishing avenues now publish far more books than the traditional publishing stream from New York.
Whenever there is growth, it identifies opportunity.
Opportunity encourages darker forces to surface. The floodgates opened for self-publishing went into high drive when Amazon introduced BookSurge, the predecessor of CreateSpace in 2007.
Scammers paid attention.
In other words, scammers, publishing cons and publishing predators are breeding.