(above) Apparently co-editions have not worked out for Laredo, and the company is now promoting good old-fashioned "co-publishing" (#16 on last year's list).
It doesn't look like much has changed other than the label. Laredo wants prospective author/customers to think it's a traditional publisher: "Laredo Publishing co-publishes a limited amount of titles every year. We do not accept all the manuscripts submitted."
However, if you read a bit more, some of the truth comes out:
- "You assume a portion of the co-publishing cost." (Is that 25%, 75%, 99%, 127%?)
- "You will receive 25% of the net profit from the books we sell." (What if there is no net profit? This deal is like the notorious Hollywood contracts where naive actors are promised a nice percentage of the net profit, but "creative accounting" eliminates all of the net profit.)
However, there are also a nice song and a TV series and movie about Laredo, in Texas:
another version of the song