added by ian ross and · updated 5mo ago
No One Buys Books
- Having a lot of social media followers or fame doesn’t guarantee it will sell. The singer Billie Eilish, despite her 97 million Instagram followers and 6 million Twitter followers, sold only 64,000 copies within eight months of publishing her book. The singer Justin Timberlake sold only 100,000 copies in the three years after he published his book.... See more
from No One Buys Books by Elle Griffin
Seth Werkheiser added 5mo ago
We all know about Netflix, we all know about Spotify and other media categories, and we also know what it has done to some industries... The music industry has lost, in the digital transformation, approximately 50 percent of its overall revenue pool.
— Markus Dohle, CEO, Penguin Publishing Housefrom No One Buys Books by Elle Griffin
Andrew McCluskey added 2mo ago
- Markus Dohle, CEO, Penguin Random House, says the top 4 percent of titles drive 60 percent of the profitability. That goes for the rest of them too:
from No One Buys Books by Elle Griffin
Andrew McCluskey added 2mo ago
- in 2020, only 268 titles sold more than 100,000 copies, and 96 percent of books sold less than 1,000 copies. That’s still the vibe.
from No One Buys Books by Elle Griffin
David Pennington added 2mo ago
Our backlist brings in about a third of our annual revenues, so $300 million a year roughly, a little less.
— Michael Pietsch, CEO, Hachettefrom No One Buys Books by Elle Griffin
Andrew McCluskey added 2mo ago