Last night I came across an interesting article in The Economist which was how publishing has changed. I found this timely considering what I posted about yesterday. A lot of the article is right in line with what Editor X had discussed during the Q&A about big names get churned out to keep the publishing house in cash to then fund unknowns to an extent.
It does make me ponder if self publishing will be the way I have to go since the death knell of many booksellers are ringing throughout the land. The more that happens, the harder it will be for the Big 6 publishers to push the little guy. Makes one think of how the music industry almost imploded when people took to making and distributing music on their own terms. Perhaps the publishers need to think about that or else they too will feel the heat. Considering the amount of self published works selling on Amazon already though, they may be a little late to the game.
"Few people will mourn publishers’ losses from increased price competition and new technology like e-readers. The question is whether these trends undermine the quality of books which are being published, by breaking a business model that has let firms focus on variety and range. Publishers have good reason to shiver at the decline of traditional bookshops. To fund the discovery and promotion of new authors, they have relied on books that sell steadily over a number of years. Yet mass retailers stock a few hundred new blockbusters."