David Mamet and his peers choosing to self-publish
When the Pulitzer Prize-winning playwright and author David Mamet released his last book, “The Secret Knowledge: On the Dismantling of American Culture,” with the Sentinel publishing house in 2011, it sold well enough to make the New York Times best-seller list.
This year, when Mr. Mamet set out to publish his next one, a novella and two short stories about war, he decided to take a very different path: he will self-publish.
Mr. Mamet is taking advantage of a new service being offered by his literary agency, ICM Partners, as a way to assume more control over the way his book is promoted.
“Basically I am doing this because I am a curmudgeon,” Mr. Mamet said in a telephone interview, “and because publishing is like Hollywood — nobody ever does the marketing they promise.”
As digital disruption continues to reshape the publishing market, self-publishing — including distribution digitally or as print on demand — has become more and more popular, and more feasible, with an increasing array of options for anyone with an idea and a keyboard. Most of the attention so far has focused on unknown and unsigned authors who storm onto the best-seller lists through their own ingenuity…
Then there is the money. While self-published authors get no advance, they typically receive 70 percent of sales. A standard contract with a traditional house gives an author an advance, and only pays royalties — the standard is 25 percent of digital sales and 7 to 12 percent of the list price for bound books — after the advance is earned back in sales…
Once a small backwater of vanity presses for authors who could not get contracts with mainstream houses, self-publishing now accounts for more than 235,000 books annually, according to Bowker, a book research firm. Big houses like Penguin and Harlequin have opened their own self-publishing divisions because they see it as a profit center of the future.
Although a vast majority of self-published books will never find much of an audience, a surprising number have become best sellers, especially in genres like romance and science fiction. Self-published titles made up roughly one-quarter of the top-selling books on Amazon last year…
RTFA for beaucoup details. Fascinating turn of policy and process. Something I expected long ago – though, again, I guess my brain was ahead of the reality curve.