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The collective insanity of the publishing industry

genedoucette.me

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Re: The collective insanity of the publishing industry

#151
post #125

Earlier quoted context omitted.

Which, for someone who can establish a good relationship with a good publisher, is a perfectly reasonable position to take. Publishers are like any other service. If they provide good value, authors should use use them and otherwise not use them.

On the other, other hand, editing, etc., is a one time cost. And, as far as I can tell, Publishers, however, take their share per-copy. And, IIRC, the final profits are divided about 50/50 between author and publisher. Charlie may be leaving a significant chunk of money on the table, given his popularity. I wonder how much more work it would be to get a good relationship with a single priced editing service over a tr…

Maybe. On the other hand, I suspect that, precisely because he is a popular (at least by genre standards) author, he probably also gets some benefit from the publisher in terms of sales, promotion, etc. I've heard from a number of sources that one of the issues with going to a traditional publisher for a new author today is that you have all the publisher overhead while not getting much of an advance or much in the way of marketing and promotional support.

But I don't know how the relative economics work for an established author like Charlie. Empirically, most known authors seem content to stay with publishers so I'm guessing it makes economic sense for them. But I don't really know.

Re: The collective insanity of the publishing industry

#152
post #81

> That sounds thoroughly reasonable, and it sort of is, but please let me explain because the crazy is in the details. What was happening was that Amazon was discounting the price of the ebooks, and it may seem like this is something the Big 5 would want to stop, except the markdown was coming off of Amazon’s end. In other words, if Hachette wanted to charge $15.99 for an ebook, and Amazon marked it down to $9.99, Ha…

Everyone keeps saying that Amazon has a secret evil plan to become THE source for everything and then jack up the prices, but no actual evidence of this ever happening.

It's not a secret evil plan. It's quite obvious, and such techiques are well known (and forbidden actually).

https://en.wikipedia.org/wiki/Dumping_(pricing_policy)

Re: The collective insanity of the publishing industry

#153
post #56

Earlier quoted context omitted.

This might be a little out of date, but the breakdown is something like 40% retailer, 10% distribution, 10% print, 5-10% author, 10% editorial, 20% profit. On future print runs the publisher gets more profit of course. NB the retailer takes most of the profit. For ebooks the situation is worse in that Amazon takes 70% unless you choose to sell exclusively, but at least canny authors can bypass the publisher. You can…

Oh hey, someone better-informed than me. There's also a sizeable fraction of the reading public of all ages who still prefer print books for a host of reasons both sentimental and practical. (The one I've just discovered: I can't read ebooks before bed because the blue light from the iPad screen keeps me up. Whoops.) Ebooks have mostly killed the mass-market paperback, though---more's the pity for beach-reading and o…

Definitely try a kindle. It is cheap enough to take to the beach and comfortable in all lighting.

Re: The collective insanity of the publishing industry

#154
post #138
post #70

Earlier quoted context omitted.

Serious answer: I think there is a huge oversupply of authors at the moment. The world would probably be better off if half of all authors (selected at random) were to quit and go find something more productive/lucrative to do. (I think everyone, even people who simply don't want to work, should be able to eat and receive reasonable medical care. Authors not having healthcare is terrible, but no more terrible than un…

Writing isn't alone for this one. Musicians, actors, and artists fall in the same group. These are things a huge number of humans are capable of doing at a very high level. Many perform irregardless of earning potential. My guess is that the long term earnings for writing will move closer to zero. The best writers working for the best organizations will still be able to make a lot of money. We have just barely starte…

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