Monday, October 05, 2009

Tectonic Shift

STATUS: Halloween is going to be here before we know it. I’m not sure I’m ready for it to be the holiday season soon.

What’s playing on the iPod right now? UNDER PRESSURE by Queen (with David Bowie)

Or to quote Malcolm Gladwell, we may have reached the tipping point. As I mentioned earlier this week, October is a big royalty statement month here at the agency. All the publishing houses have different royalty reporting periods but the good majority of statements come in February/August, and April/October. In the last week, we’ve received a ton of statements.

And it’s always a happy time because with statements comes money.

But that’s beside the point. What I wanted to highlight tonight was that I’m reading a ton of statements from different houses, different authors, and different genres.

I’m noticing one big change. The amount of eBooks being sold in any given accounting period has risen dramatically.

I’ve been watching this for years. Four years ago, any author that sold more than 50 books in the electronic form (in one accounting period) was blowing it away and mostly I’d only see high numbers from our SF&F authors.

Now I’m looking at titles selling 500 to 1000 copies (and certainly sometimes more) in electronic form regardless of the genre. Even this time last year the numbers were not running nearly this high.

The tectonic shift is happening and it’s all clearly spelled out on paper—although one has to wonder how long those paper statements will last…