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The
Writers Literary
& Publishing
Services Company
For Immediate Release
From: Writers Literary Services
Re: Acquisition of The Literary Agency Group (TLAG)
Writers Literary Services announces the acquisition of The Literary Agency Group.
This press release should answer the typical questions about the acquisition. I also am happy to answer any further questions you may have.
I hope that in this spirit of cooperation we can all help more writers meet their goals.Q) Why are you buying TLAG?
A) In short, their asset base. They may have the largest database of profiled and edited writers in the world. The assets (writers) that are in their database are tremendous. We know as we've edited most of their authors. It is a natural for us to want to vertically integrate by acquiring them. Publishers want work that is clearly edited and professionally presented. We think it is a natural fit and we plan to acquire other agencies as well.
Q) Tell me more about Writers Literary.
A) We think we are the second largest editing company in the world, second only to Scribendi, and we may have them beat. We employ about 20 editors, both full and part time. We help writers of all genres and through the years we have built some very solid contacts within the industry. We're here to stay, and that's a good thing for writers.
Q) Isn't that a conflict of interest? For an editing company to own an agency?
A) Only if your thinking is 20 years old. Vertical integration has come to the entire writing/publishing/moviemaking industry. We will be specializing in the development of emerging authors and we will be utilizing contemporary marketing strategies to reach publishers and consumers. We believe that the vast majority of writers deserve an opportunity to develop their skills and present their work in an open and competitive marketplace. Like the traditional press, the traditional literary agent and mass-market publisher model is antiquated. Writers Literary will lead its writers into the new century.
Q) What about the people at TLAG? Are you keeping them?
A) Some we are, and some we aren't. It's the same as any acquisition. We hope that we will add resources and depth to what they have already accomplished.
Q) Are you going to change things?
A) Some things yes, and some things no. We will be dissolving the Literary Agency Group name as well as the names of its subsidiary agencies. Both marketing and development services will be operating under the Writers Literary name. We plan to be more stringent on evaluations. We plan to continue requiring that all works we represent have been edited. Many authors will already have worked with an editor so it's an easy request in our opinion. We plan to expand both the sales and production departments in the company.
Q) Is what is being said about TLAG on the writers' blogs true?
A) Do you remember the game where the class sits in a circle and you start with a statement and whisper it in each ear around the circle? By the time it reaches the end of the circle, it's unrecognizable. That's what our diligence showed. Yes, they had some startup woes, and yes, they made some mistakes, but in general, they did what they said, they had sales, and they have pioneered some interesting concepts. We think there is value in the authors they have on their roster.\
In conclusion, we hope that people will judge us by our results and give us at least a year to show them to the world.
I am happy to answer any further emails or questions about the acquisition that you may have.
Warmest regards,
Robert West - Senior Agent
Bob @ WritersLiterary.com