I saw one person post about how millions or so was lost on a book that they had pushed from last year. The poster commented that publishing could have taken that mil and helped a FEW good authors rather than putting all their money into one. I did notice in the NY Mag article that most of the flops where big money was put behind them was indeed literary books. Perhaps they should start paying more attention to romances and sci-fi and other genres pieces because that seems to be where the readers are enjoying their time. ;-)
A nugget from the Booksquare piece.
This ain’t your mother’s publishing business.
Resistance to change, I believe, is more firmly entrenched in the New York publishing culture than in the publishing business as whole. If you want to blow your mind, find a listing of all the publishing houses in the United States of America. Stunning. Monoliths necessarily shift very slowly. Look beyond NYC for change, and look beyond New York to understand that this is not the end. Not even close. As Carolyn Kellogg of the LA Times’ Jacket Copy notes:
Independents, who aren’t the focus of this piece, have been creative in terms of both business models and marketing, in ways that bigger publishing houses are just now beginning to explore.
Sing it sister. Let's hear it for the indies. :-D
Read the full Booksquare article here: http://booksquare.com/its-only-the-end-of-rose-colored-glasses/
Read the Full LA Times' Jacket Copy here: http://latimesblogs.latimes.com/jacketcopy/2008/09/the-end-of-publ.html