“We are working extremely hard to clear our debts”.
Crowdfunding publisher Unbound has admitted it has been hit with cash flow problems that have led to authors and freelancers not getting paid for their work – and some have been waiting for as long as a year.
Unbound says it failed to raise sufficient capital in 2024, which is the root cause of the cash flow problems and late payments. An internal restructure has taken place, including redundancies, and no new books are currently being commissioned.
Read the full article on timeextension.com
“We are working extremely hard to clear our debts”.
Crowdfunding publisher Unbound has admitted it has been hit with cash flow problems that have led to authors and freelancers not getting paid for their work – and some have been waiting for as long as a year.
Unbound says it failed to raise sufficient capital in 2024, which is the root cause of the cash flow problems and late payments. An internal restructure has taken place, including redundancies, and no new books are currently being commissioned.
Read the full article on timeextension.com
