Booker Prize for fiction secures new financial backer
LONDON (AP) — Britain’s leading literary award, the Booker Prize, found a new financial backer Thursday after its sponsor of almost two decades pulled out.
Prize trustees said the Crankstart Foundation will become the sponsor in June. The charity was founded by Silicon Valley venture capitalist Michael Moritz and his wife, writer Harriet Heyman.
Crankstart has committed to funding the Booker Prize for English-language novels and the International Booker Prize for translated works for at least five years.
The prize’s previous sponsor, the investment firm Man Group PLC, announced last month that it was stopping its funding after 18 years.
Founded in 1969, the 50,000-pound ($67,000) Booker Prize was originally open to writers from Britain, Ireland and the Commonwealth. U.S. authors became eligible in 2014, a move that remains contentious.
Anna Burns won the 2018 prize for her novel “Milkman.”
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.
Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. Advertise Today.
