Draft2digital acquire Smashwords and it’s the latest news in the publishing world at this moment. Draft2digital and Smashwords are two giants in the self-publishing world and their merger should get authors and publishers excited. Should it?
Related: Formatting your books for Kindle and Smashwords
Draft2digital acquire Smashwords: Surprise of the new year
Smashwords merges with Draft2digital. News filtered in yesterday about this interesting merger between these two giants of self-publishing.
Very few people expected this. It caught me unaware. I was shocked to the bones. Particularly because it happened the way I never expected it to happen – Draft2digital acquire Smashwords and not the other way around.
Smashwords is the big brother – it has been in the business for 14 years. Draft2digital is relatively younger in the business of self-publishing.
Smashwords merger with Draft2digital
Smashwords merger with Draft2digital hit the publishing world like a thunderbolt. But it has happened. Draft2digital has acquired Smashwords and the final details of the acquisition will be finalized by March 1, 2022.
Draft2digital acquire Smashwords: What Mark Coker said
Mark Coker, the CEO of Smashwords, in his email to authors and publishers, tried to explain the details of the merger and tried to assure authors about how this will not affect their businesses.
Anyway, we keep our fingers crossed. We hope all will be well with this new business arrangement between these giants.
Draft2digital and Smashwords merger: What we feel
I believe you want to know how we feel about it at NowNowBooks/Zarepath Publishing, I am going to write about that in my next post on our blog.
Draft2digital acquire Smashwords: What’s in it for authors?
What’s in it for authors in this merger of the giants of self-publishing:
- Will this increase how authors reach out with their books?
- What about income? Will this increase the income of authors and publishers?
- What happens to authors and publishers on the two platforms?
- What’s now going to be the name of the new publishing platform?
- What’s going to happen to the staff of the two publishing companies?
- How can this merger help these two companies to challenge the giant called Amazon in the publishing world?
- And many more…
Please be on the lookout for this blog post.
In the meantime, you should just take home this shocker – Draft2digital has acquired Smashwords!!!
Let me read from you.
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