posted Friday 29 June 2012 @ 11:33 am PDT
A “Notice of Public Disposition” posted today reveals that Amazon intends to buy Dorchester at public auction; a higher bidder could outbid Amazon, should other parties be interested.
Agents and authors owed monies by Dorchester will be offered an amendment to their contracts, offering the transfer of rights to Amazon in exchange for all back royalties owed by Dorchester for the work(s) as of May 31, 2012. The winning bidder may convert the books into e-book format and release them, with the original covers, which are part of Dorchester’s assets.
For more information, see Richard Curtis’ article and official press release.