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Another Interesting Bit of Information…
Again Out of the Hot Sheet and New Sales Studies. 30% of traditional publishing sales comes from front list, meaning the new books they put out. 70% is now coming from the backlist. (Remember, they buy all your copyright for the life of the copyright and they can do what they want with it.) But breaking down that backlist number, 30% of it is what they are calling “newer backlist” meaning originally published in the last five to ten years. 40% of the sales are coming from older backlist (because books are still new to readers who have never seen them). Traditional publishing is learning slowly that books don’t spoil,…