| By Charlotte Williams
The Folio Society has been announced as sponsor of the Literature Prize, the new award co-founded by Aitken Alexander director Andrew Kidd.
In an announcement at the British Library last night (13th March), organisers revealed the £40,000 prize, which aims to “celebrate the best English-language fiction from around the world”, will now be known as The Folio Prize.
The organisers also revealed a stellar and international list of over 110 authors and critics —including many of the biggest names in books—who have agreed to become members of the Folio Prize Academy, which judges the award.
Ian McEwan, J M Coetzee, Peter Carey, Zadie Smith, Margaret Atwood, John Banville, Philip Pullman and Jeanette Winterson are among them; they are joined by literary editors including Claire Armitstead (the Guardian), Gaby Wood (the Telegraph) and Erica Wagner (the Times), as well as Granta editor John Freeman. The Academy members are listed in full below.
The inaugural award will be presented in March 2014 for books published in the UK between 1st January and 31st December 2013, written originally in English from authors anywhere around the globe, and published in any form or from any genre.
The Academy will choose 60 titles, and then pick an additional 20 books from publisher nominations. The five judges of the prize will be Academy members, and will be drawn by lots in July. The panel must include three members from the UK, and two from outside the UK, and there must be no more than three members of the same gender. Five names will be drawn randomly from the two groups alternately, starting with those from the UK.
The selected judges then choose a shortlist of eight books, which will be announced in February 2014.
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