A new publisher, but what type of publisher?

Media company PAVE Studios is launching a book publishing venture, PAVE Publishing House, focused on producing books by podcast creators. A press release says, “PAVE Publishing House is putting storytellers at the forefront with our innovative business model because we understand that when creators succeed, everyone succeeds. By meeting creators’ audiences where they are, we’re reimagining distribution and capitalizing on the massive podcast audience where monetization is limited to drive more revenue back to creators.”

Innovative business model is sometimes code for author pays expenses of publication, but the press release and website don’t offer any details on the business model. PAVE is partnered with Simon & Schuster for distribution.