Dagan Books is starting a line of speculative fiction novellas to be published in 2013. 17,500 to 40,000 words. Payment will be 50% of the net profits for the individual novellas. Later they plan to collect the stories together in an anthology and pay each author a percentage of the profits. You can find all the details here
http://daganbooks.com/current-projects/submissions-novellas/ Their homepage goes into greater detail about the profit sharing.
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