Author Earnings, a project started by best-selling sci-fi author Hugh Howey, has been compiling revenue data on the new world of book publishing for the past year - and they've just released their eye-opening latest quarterly survey.
As reported in a July 28th, 2014 Publishers Weekly post by Betty Kelly Sargent:
"The Author Earnings report takes its data from 7,000 top selling digital genre titles on Amazon's category bestseller lists. It found that:
The Big Five traditional publishers now account for only 16% of the e-books on Amazon’s bestseller lists.
DRM (digital rights management) “harms e-book sales at any price point.”
Self-published books now represent 31% of e-book sales on Amazon’s Kindle Store.
Indie authors are earning nearly 40% of the e-book dollars going to authors."
What does this mean for indie filmmakers?
If self-published authors are earning more in royalties than Big 5 authors combined isn't there hope that indie filmmakers - using online stores and social media to spread the word - might someday earn more than the major 6 studios combined?
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