This news was huge for the translation novel community
http://www.wuxiaworld.com/wuxiaworld...ement-wqidian/
Wuxiaworld Signs Licensing Agreement W/Qidian!
Quote:
December 4, 2016 at 12:40 pm
Every so often, I hear people express worries about Wuxiaworld’s longevity. I’m extremely proud to announce that as of a few days ago, after months of negotiations, Wuxiaworld has concluded and signed an initial 10-year translation licensing and ebook/digital publishing agreement with Qidian, the Chinese website which most of our novels originate from! While the exact terms of the contract are under nondisclosure, what I can tell you is that the exclusive licensing agreement includes a total of 20 different titles that cover almost all of the Qidian novels we have on Wuxiaworld. We look forward to continued cooperation with Qidian and other websites, and once those details are ironed out, I’ll be sure to let you know here as well.
Look for more related announcements soon. Vive la Wuxiaworld!
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Wuxiaworld paid "millions" for this 20 novels copyrights according to a person that work for Qidian. The novels will still be FREE to read on the website.
15 days ago, Wuxiaworld uses crowdfunding (Patreon) to raise money for copyrights and it is on track to raise about $300,000 a year.
It is at over $17,000 a month right now on Patreon ($204,000 a year).
Kinda amazing that crowdfunding is now enabling the free reading of some of the most popular epic Chinese fantasy for many years to come.