Book publishers are incentivizing midlist authors to abandon them for Amazon
So when you’re a company that’s dealing with revenues in the billions (with a B), suddenly a product that can only sell a few thousand units and is ultimately “unscalable,” isn’t worthy of investment. So instead they invest in products that have the potential to not only sell millions of units, but also spawn spin-off merchandise and movie deals.
This has been happening for quite some time. It was evident way back in the early 1980s. Alarms were sounded back in the 1970s.
And here’s something the publishers haven’t taken into account. Even books that can grow into the kind of scale they seek don’t need them.
Exhibit A, Teenage Mutant Ninja Turtles:
The Teenage Mutant Ninja Turtles first appeared in an American comic book published by Mirage Studios in 1984 in Dover, New Hampshire. The concept arose from a humorous drawing sketched out by Eastman during a casual evening of brainstorming and bad television with Laird. Using money from a tax refund, together with a loan from Eastman’s uncle, the young artists self-published a single-issue comic intended to parody four of the most popular comics of the early 1980s: Marvel Comics’ Daredevil and New Mutants, Dave Sim’s Cerebus, and Frank Miller’s Ronin. The TMNT comic series has been published in various incarnations by various comic book companies since 1984.
The Turtles started their rise to mainstream success when a licensing agent, Mark Freedman, sought out Eastman and Laird to propose wider merchandising opportunities for the franchise. In 1986, Dark Horse Miniatures produced a set of 15 mm lead figurines. In January 1987, Eastman and Laird visited the offices of Playmates Toys Inc, a small California toy company that wanted to expand into the action figure market. Development was undertaken by a creative team of companies and individuals: Jerry Sachs, ad man of Sachs-Finley Agency, brought together the animators at Murakami-Wolf-Swenson headed by Fred Wolf. Wolf and his team combined concepts and ideas with the Playmates marketing crew, headed by Karl Aaronian, VP of sales Richard Sallis and VP of Playmates Bill Carlson.
The established publishers can never, ever be as hungry as an individual who can see an opportunity and pounce on it.
Just ask — and here’s Exhibit B for the win — the McDonald brothers who met Ray Kroc!