We report on a lot of different literary prizes here at The Reading Room, but we’re about to have one less to tell you about.
Amid tough competition from other literary prizes, two awards – the Man Booker International Prize and the Independent Foreign Fiction Prize – have decided to merge and create one combined award.
Both of the merging prizes are based in the United Kingdom, and are focused on translations of international works originally written in languages other than English.
The new prize will be called the Man Booker International Award, and it will feature a larger purse than either of the previous awards: a total of £50,000 per year. That’s larger than the existing £30,000 per year (£60,000 for the winner selected every two years) Man Booker International Prize purse and the £10,000 Independent Foreign Fiction Prize purse. £50,000 is about $77,000 US. The prize money will be split equally between the author and the translator of the winning work, as was already the case with the Independent Foreign Fiction Prize. In addition, the shortlisted authors and translators will earn £1,000 each.
The merger will be complete in time for the first combined prize to be awarded in 2016.
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