— Bibliocrunch (@BiblioCrunch) May 6, 2015
The May 2015 Author Earnings Report has arrived. If you’re not familiar, AuthorEarnings is a website by authors and for authors, which gathers and shares information so that writers can make informed decisions, and the site also calls for change within the publishing community for better pay and fairer terms in all contracts. The gist of this month’s report is when publishers work to protect print sales by favoring high ebook prices, self-publishers prosper with the proven approach of “elastic” ebook pricing. Publishers hurt themselves by marking up high ebook prices only to get a smaller earnings, while self-publishers remain dynamic with their prices and prosper. Via the May 2015 Author Earnings Report:
Publishers fought hard to take back control of ebook pricing from Amazon. This was a stated intent by Hachette to its investors in 2014, and it was touted as the end result of their lengthy negotiations. What has that control brought?
By our data, which matches industry reports, this control has brought higher prices to consumers, lower sales for publishers, and less earnings for their authors. It has also brought greater market share for self-published authors, which is why many were pulling for publishers to get their way during negotiations with Amazon.
— David Gaughran (@DavidGaughran) May 6, 2015
The May 2015 Author Earnings Report. http://t.co/yHSUAGP43w The nasty consequences of high ebook prices.
— Hugh Howey (@hughhowey) May 6, 2015
— Joanna Penn (@thecreativepenn) May 6, 2015