SF author Alastair Reynolds has signed a £1 million ($1,634,500-odd) contract to stay with Gollancz for his next ten novels, to be published over the next ten years. This is one of the biggest SF contract deals I've heard of, maybe the biggest since Arthur C. Clarke's staggering deal in 1997 for 3001: The Final Odyssey. Given the state of publishing in general and SF in particular, this deal is a colossal show of faith by Gollancz and its parent company, Orion, in Reynolds' work.
Well-deserved, as Alastair Reynolds is definitely one of the most interesting, innovative and constantly entertaining SF writers out there, and also appropriate as the news comes in the tenth year since his first novel, Revelation Space, was published. His next novel, Terminal World, will be published by Gollancz in October.