By Thomas Kies
In a recent blog that’s gone viral written by Elle Griffin for the website www.Elysianpress.com, she refers to the time when Penguin Random House tried to buy Simon and Schuster in 2022. The government brought a case against the merger saying that it would create a publishing monopoly and a judge ruled that the $2.2 billion acquisition could not take place.
During the trial, a number of publishing houses and literary agencies testified, and some interesting numbers came to light.
Ms. Griffin, in an essay that she wrote in 2020, stated, “only 268 titles sold more than 100,000 copies, and 96 percent of books sold less than 1,000 copies.”
Madeline Mcintosh, CEO of Penguin Random House US, when asked how many authors over a four-year period sold 500,000 units…she answered 50.
The upshot of Ms. Giffin’s blog is that publishing houses gamble by buying books and paying low advances in the hopes that one of them will be that lightning in a bottle and hit it big. The big advances are paid to celebrities like Brittney Spears and Prince Harry who have recognizable names, and the publishers feel are a comfortable bet.
Now, admittedly, the numbers from Penguin Random House/Simon Schuster trial were meant to be depressing. The reality is that more books are selling now than ever before. Numbers that were tossed around in the trail were based on calendar years and not necessarily during the lifetime of the book. It was a trial. Isn’t everything about a trial depressing?
Books don’t go bad like vegetables or fruit. My first book, RANDOM ROAD, continues to sell in bookstores to this day and it’s been around for seven years. Will any of my books make me rich? Nah…not in money.
Don’t kid yourself, getting published the traditional way is still hard. Finding an agent, then finding a publisher, then getting bookshelf space and a place in libraries, getting the marketing message out…it’s all a slog. And even when you do, there’s no guarantee about anything.
Bottomline, publishing is a business. They’re not in it to lose money, although, don’t kid yourself, many books do.
But there are many publishing platforms and I know many writers who are happy using those publishing avenues.
There’s a joy when you hold one of your own books in your hands. There’s nothing quite like the feeling you get when someone tells you how much they enjoyed what you’ve written. There’s an indescribably elation when you see one of your books on the bookshelf of library or in a bookstore.
Before I was published, I had dreams of flying to New York, being picked up at the airport in a limo, being treated to lunch, then hustled off to a standing room only book signing. Well...that doesn't happen. At least to most of us.
I recall that early in my writing career, I did a book signing and one person showed up. That keeps you humble. But to keep perspective, Don Winslow (if you don't know him, read him...he's terrific) in one of his first book signings, had one person buy his first book. That person happened to be the owner of the bookstore, Barbara Peters who owns the Poisoned Pen Bookstore in Arizona (and was my first publisher).
I advise the students who take my creative writing class that writers gotta write. We do it because we love it. We do it because we want to tell stories. We do it because we’ve got something to say.
To paraphrase a friend of mine, a wonderful writer by the name of Jeffrey Siger, “Writing is a hard way to make a living. But it’s a great way to make a life.”
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