Oyster Raises Fourteen Million Dollars, Benjamin Percy’s Novel Optioned by FOX, and More

Evan Smith Rakoff

Every day Poets & Writers Magazine scans the headlines—from publishing reports to academic announcements to literary dispatches—for all the news that creative writers need to know. Here are today’s stories:

Oyster, the Netflix-like service for literature, has raised fourteen million dollars in investments. (GalleyCat)

Richard Nash will leave Small Demons and join Byliner. Small Demons, an Internet start-up launched in 2011, failed to find a buyer and will cease operations this year. (Publishers Weekly)

Benjamin Percy’s novel Red Moon has been optioned by FOX TV as a potential series. Academy Award-winning writer Akiva Goldsman and Percy will collaborate on the series pilot. (St. Olaf College)

Several law firms that specialize in “shareholder lawsuits” are seeking plaintiffs in class action suits against Barnes & Noble. The firms intend to use the recent Securities and Exchange Commission investigation as the basis for their claims. (Shelf Awareness)

In the Los Angeles Times, veteran magazine writer and editor Adam Sternberg discusses his first novel, Shovel Ready, and offers his opinion regarding the future of books.

On Flavorwire, various writers recommend twenty-six “snow reads"—books that help them through a long and arduous winter.

"I’m sorry that the facts of my life as outlined by Google did not line up in perfect synchronicity with the narrative of my memoir." Author Dani Shapiro writes an open letter to a reader who questioned her memoir’s veracity via Facebook. (Salon)