WHY WOULD ANY AUTHOR GO TRADITIONALLY PUBLISHED??
In the trial going on between the publishers and the government to stop the merger of two of the big five publishers, this information came out, reported on the Hot Sheet.
Let me quote this exactly…
“During the trial, a couple of depressing statistics were shared: of the 58,000 trade titles published per year, fully half of those titles “sell fewer than one dozen books.” (Not a typo, that’s one dozen.) More broadly, 90 percent of titles sell fewer than 2,000 units. Even a small advance of a few thousand dollars would not earn out at standard royalty rates.”
Seriously?? I knew it was bad and that traditional publishing was all hype and smoke and mirrors and buying IP to inflate value of it for their bookkeeping, but never in a million years did I think it was THAT BAD!!
I think I need to go soak my poor head. Those statistics just hurt.