One of the key problems that has arisen under US lending and subscription models is that publishers who are willing to take the risk on an experimental lending model have rightly been cautious about participating, often resorting to testing the waters with their backlist or
a few midlist titles.
Not exact matches
What's worse is that we have to take into account that bestselling books sell about 500-1000 times more than
midlist titles, which means the potential revenue for the average book will be a
few cents.
I'm pretty much the definition of a
midlist author: I write full - time, I've hit a
few Amazon best - seller lists over the last couple years, and readers seem to enjoy my books.
You are correct that the real important questions are at the
midlist level as
few authors will be in the outlier cateory.
Also, it's been reported over the past
few years, that
midlist authors are being unceremoniously cut loose by major publishers.
Because a
few monolithic, profit - focused companies are controlling the publishing industry, critics claim, we are seeing
fewer and
fewer fringe books and new authors — and even established authors who sell respectably but not spectacularly (the so - called
midlist) are having a tough time staying in print.
In terms of authors» yearly earnings in different brackets ranging from $ 10,000 to $ 1M, despite releasing
fewer titles to the market, indie authors significantly make money even among
midlist group who earns $ 10K p.a..
The fiction sections consist mainly of more prominent authors» backlists with
few or no
midlist authors, and vast quantities of large - format hardbacks.
If a fiction model were devised for libraries, it would most likely follow the cartel bundling model: pay X amount of $ a year, get all the ebook versions of the bestsellers from Publishing House Y. Add a
few extra 000s to that subscription price and they'll throw in their back catalog of
midlist authors.
However, this shows a poor sense of the history of the industry — because just a
few decades ago, the majority of both profits and stability came from the
midlist, not the breakout hits.