TikTok’s owner wanted to publish books, not anymore

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When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by Chinese technology company ByteDance, the owner of TikTok, the wildly popular social media platform where viral endorsements can transform books into bestsellers overnight.

That was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the authors.

News of the press’s demise, which was reported…



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TikTok’s owner wanted to publish books, not anymore


When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by Chinese technology company ByteDance, the owner of TikTok, the wildly popular social media platform where viral endorsements can transform books into bestsellers overnight.

That was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the authors.

News of the press’s demise, which was reported…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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