Are Bestselling Authors Killing the ‘Small’ Authors and Writing?

inspiredmagz-ImageProxy.mvcThat is what a fellow author claim. He says:

‘Would you like to know what’s really killing writing? It’s the major best-selling authors who are demanding huge advances they don’t need, thus denying newer authors from a liveable advance. Do any of those authors really need a $20 million advance when they have much more than that in the bank? I think not.

‘A new writer could easily live on a much smaller one while s/he works on a new book. We deserve to make a living too. We work just as hard and are not repeating our formula for the sake of loyal readers.’

Is traditional publishing no longer fair or sustainable?
Society of Authors says so
‘Earlier this week, the Authors’ Licensing & Collecting Society released a survey of almost 2,500 writers which found that the median income of a professional author last year was £11,000, down 29% since 2005 – a period in which median earnings for UK employees have fallen by 8%. By this year, according to the survey, just 11.5% of professional authors said they earned their income from writing alone, compared with 40% in 2005.

‘The ALCS set its findings against Department of Culture, Media and Sport figures which show that in 2014, the creative industries were worth £71.4bn per year to the UK economy. “In contrast to the decline in earnings of professional authors, the wealth generated by the UK creative industries is on the increase,” it said. “If unchecked, this rapid decline in the number of full-time writers could have serious implications for the breadth and quality of content that drives the economic success of our creative industries in the UK.”…’
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About DigitalPlato

Poch is a Bookrix author and a freelance writer. He is a frequent contributor to TED Conversations.
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