Canelo / Arts Council England
Canelo / Arts Council England |
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Literature in the 21st Century report
Canelo / Arts Council England |
49 Literature in the 21st Century: Understanding Models of Support for Literary Fiction It is worth underscoring that many of the successful projects have a twist; they aren’t simply books or ebooks, but include other elements which explain why Kickstarter is attractive. Within the book space new publisher Unbound has made the model their own. Before a book is published it must reach certain targets in terms of pledges. Like Kickstarter there is a sliding scale against which people can pledge – those who want to put more money in can do so and garner additional rewards like special editions and launch party invites. CEO Dan Kieran says that in the first six months of Unbound’s last financial year crowdfunding revenue (direct sales) was up 400%. Unbound has eclectic taste and takes on a huge variety of different projects from ‘difficult’ literary fiction to illustrated books to unconventional non-fiction. As it goes from strength to strength, and with serious investment, we should expect Unbound to publish more and more literary fiction as its output overall steps up. Such crowdfunding is an unalloyed good for writers of literary fiction. It offers a new, paid route to market and provides alternatives and competition to the traditional advance structure. At the minute it’s still limited. It mean writers have to be proactive in promoting their work in order to see it become a reality. But such attempts are to be encouraged as a broadening of the models of support. Another area that has seen a huge boom is self-publishing. For years this was much derided by those on the inside of those insider networks. This should no longer be the case. Thanks to ebooks, and the Kindle Direct Publishing platform in particular, self-publishing is not only viable but increasingly upending the entire publishing industry. In the US this growth has been stark. While big publishers have seen their ebook revenues decline, the proportion of books that are ‘non-traditionally’ published now make up 60% of titles on the Kindle and 40% of revenues 32 . The discrepancy is largely because many are selling in small numbers and the price tends to be lower than traditionally published books. Yet there are still self published writers selling literally millions of copies. While the phenomenon may be less developed in the UK, it’s nonetheless marked. In theory this should be good for writers – and it is. The trouble is that self-published literary fiction is far more difficult than self-published genre fiction. Literary fiction still thrives on the oxygen of traditional publicity like broadsheet reviews and literary festivals. Both have shown a remarkable hostility to self-published fiction. Self-publishing does not, in their view, confer the same imprimatur thanks to its lack of a quality control filter. What constitutes literary fiction, and even more problematically good literary fiction, is a more uncertain affair than 32 http://authorearnings.com/report/september-2015-author-earnings-report/ |
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