Latest entry in the list of Gosh Wow ideas: Making money from fan fiction!
Seems that a group called FanLib (read their press release) is planning to Bring Fan Fiction into the Mainstream. They got $3 million from investors, and they’re off, as if the Dot Com Bubble had never burst.
May I invite your attention to the remarks of AngiePen and Caer in this thread at Mashable?
Somehow I am unsurprised that Simon & Schuster is involved.
My prediction? They’ll burn through their investors’ cash (just like fandom.com did) and leave a smoking hole in the ground when they crash (just like fandom.com did).
Making Light generally approves of fan fiction. See, for example, “Fanfic”: force of nature; Annals of short-lived phenomena: Star Wars fanfic on Amazon; Namarie Sue; Literary Diggers; and much else besides (Mike Ford Occasional Works, Pts. 1-8 being examples).