Big Five Publishers Are Earning Most Of Their Money Out Of Established Authors
Posted at 9:01AM Tuesday 27 May 2014
Hugh Howey's Author Earnings has come out with a report on the implications of the data they've gathered for new and tenured authors.
If the figures can be believed, Big Five publishers are earning most of their money out of established authors, either in long-tail backlist or new books by well-known writers. Only 37% of their income comes from new authors. But on the other hand, indie-publishers, small and medium publishers, and Amazon-published books show a much, much larger percentage of gross revenue from new authors.
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