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Folio Society ends prize sponsorship

The Folio Society will not renew its sponsorship of The Folio Prize, the annual £40,000 (A$78,360) award for best English-language fiction published in the UK, after completing its two-year agreement with the award, reports the Bookseller. The Folio Society, an independent London-based publisher specialising in illustrated hardback editions of classic books, made 12 jobs redundant in January after a drop in sales in 2014, while former managing director Toby Hartwell, who was involved in the launch of the prize, also left the company last year. Organisers are now looking for a new sponsor before the next award in early 2016. Prize co-founder Andrew Kidd said the prize would be ‘looking for a longer term commitment’ from its next sponsor.


Category: International news