Man Booker International goes to László Krasznahorkai

The biennial Man Booker International Prize, awarded to living authors of any nationality for a body of work readily available (either in its native tongue or in translation) in English, has this year been presented to Hungarian author László Krasznahorkai. It is the first time the award has been given to an author whose work was not originally published in English since the inaugural prize in 2005, when it was presented to the Albanian Ismail Kadare. It is also the first time a non-North American author has won the award since its sophomore prize in 2007 went to Chinua Achebe.

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Literary prize to rebrand after Folio Society ends sponsorship

The Folio Prize is in search of a new financial benefactor and, consequently, a new name, following the decision of the Folio Society not to renew its title sponsorship of the award. The literary award, which was presented in its first two years of existence under the Folio Society’s name, hopes to continue, and is currently in search of a new sponsor that will allow it to present its 2016 winner with a £40,000 prize.

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ALCS report finds massive disparity in authors’ earnings

The Authors’ Licensing and Collecting Society has published the results of its report into the money made by professional authors, and none of it will likely come as a surprise to the vast majority of writers forced to subsidise their work through a variety of endurable-to-menial day jobs. Based on research carried out by Queen Mary University of London, The Business of Being an Author: A Survey of Authors’ Earnings and Contracts finds that 58% of all the money earned by professional authors is earned by the top 10% of those authors, resulting in a massive inequality of wealth between that 10% and the remaining 90%.

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