When the movie studio system was formed in the early 1900s, actors were signed to exclusive deals, treated like commodities, and paid pennies. The studios maintained all the control and made all the money. Only when movie stars became “free agents” did their autonomy soar. Their paychecks followed suit. Do you think actors today would be making $20 million per movie if the studios were still in charge?
Fast forward to the new millennium. The publishing industry is undergoing a similar paradigm shift. Authors are discovering alternatives to traditional publishing because they recognize the shortcomings inherent in the industry’s archaic business model. Currently, old-fashioned publishers accept about 2% of the books they deem “good enough” and even then the lose money on about 80% of the ones they publish. It is tough to be successful when they expect you to fail.
— Brent Sampson, President and CEO of Outskirts Press