Coral Wire — Fri, Oct 30 2026
The Coral Index closed at 15/100 — Storm warning. 15 graded stories fed that reading.
Fake book clubs target authors with AI-written scam pitchesLegal · Breaking — The Guardian reported authors are being invited to bogus Zoom "book club" events that ask for a contribution fee before the host's story falls apart
Publishers seek up to 95% of academic Bartz payoutsLegal — TAA director Kim Pawlak told Judge Martinez-Olguin that academic publishers are claiming 85% to 95% of settlement funds, leaving authors as little as 5%
Publishers tell court AI sequels threaten Martin's Winds of WinterLegal — The AAP-led amicus brief argues ChatGPT has already generated sequels that substitute for George R.R. Martin's unfinished novel
Baker & Taylor creditors to vote on liquidation with about $1.8 million leftMarket — The company owes more than $106 million but has only about $1.8 million in cash and accounts to distribute, per a New Jersey bankruptcy filing.
KDP royalty reports break down as Kindle+ launchesPlatform — Authors report page reads disappearing and royalty estimates dropping by as much as 40% to 50% since October 21
Over 100 authors sign letter to boycott Indigo BooksMarket — Viet Thanh Nguyen, Mosab Abu Toha, Jenan Matari, and Daniel José Older are among the signers pledging to skip Indigo-hosted and Indigo-sponsored events.
AAP tells Meta to scrap scraping terms as Norway blocks themPlatform — Oslo's court granted a temporary injunction halting Meta's terms until it rules on their legality, while AAP calls them an "appalling landgrab"
Anthropic's IPO filing names copyright as a risk factorLegal — The S1 says adverse rulings could force Anthropic to pay significant fees for licenses or retrain models from scratch.