UK Publishing Pearson was already the world’s biggest publisher before they joined with Penguin-Random House (Bertelsmann Group, Germany). Seeing their revenues, one might wonder why they pay their authors such lousy royalties…
|Rank (2011)||Rank (2010)||Publishing Company (Group or Division)||Country||Mother Corp. or Owner||Country Mother Corp.||2011 Revenue in $M||2010 Revenues in $M|
|2||2||Reed Elsevier||U.K./NL/U.S.||Reed Elsevier Corp.||U.K./NL/U.S.||$5,686||$7,149|
|3||3||Thomson Reuters||U.S.||The Woodbridge Company Ltd.||Canada||$5,435||$5,637|
|4||4||Wolters Kluwer||NL||Wolters Kluwer||NL||$4,360||$4,719|
|6||8||Grupo Planeta||Spain||Grupo Planeta||Spain||$2,304||$2,427|
|7||7||McGraw-Hill Education||U.S.||The McGraw-Hill Companies||U.S.||$2,292||$2,433|
|8||5||Random House||Germany||Bertelsmann AG||Germany||$2,274||$3,844|
|9||11||Holtzbrinck||Germany||Verlagsgruppe Georg von Holtzbrinck||Germany||$1,952||$1,512|
|11||9||Cengage Learning||U.S.||Apax Partners et al.||U.S./Canada||$1,876||$2,007|
|13||12||De Agostini Editore||Italy||Gruppo De Agostini||Italy||$1,724||$1,843|
|17||33||Readers’ Digest||U.S.||RDA Holding Co.||U.S.||$1,438||$1,460|
|18||14||Houghton Mifflin Harcourt||U.S.||Education Media and Publishing Group Limited||U.S./Cayman Islands||$1,295||$1,673|
|19||19||Springer Science and Business Media||Germany||EQT and GIC Investors||Sweden, Singapore||$1,138||$1,149|
|20||18||HarperCollins||U.S.||News Corporation||U.S.||$1,100 (est.)||$1,269|
|22||21||Gakken||Japan||Gakken Co. Ltd.||Japan||$1,043||$956|
|23||22||Oxford University Press||U.K.||Oxford University||U.K.||$1,004||$941|
|25||23||Bonnier||Sweden||The Bonnier Group||Sweden||$909||$927|
|26||26||Kadokawa Publishing||Japan||Kadokawa Holdings Inc.||Japan||$904||$794|
|27||27||Simon & Schuster||U.S.||CBS||U.S.||$787||$791|
|Egmont International Holding A/S||Denmark||$703||$792|
|29||29||Woongjin ThinkBig||Korea||Woongjin Holding||Korea||$685||$723|
|30||25||RCS Libri||Italy||RCS Media Group||Italy||$667||$805|
|33||34||Mondadori||Italy||The Mondadori Group||Italy||$506||$549|
|34||35||GeMS – Gruppo editoriale Mauri Spagnol||Italy||Messagerie Italiane||Italy||$494||$525|
|37||40||China Education and Media Group (form. Higher Education Press)||China (PR)||China Education and Media Group||China (PR)||$445||$393|
|39||38||Media Participations||France||Media Participations||Belgium||$442||$434|
|40||46||Abril Educação||Brazil||Abril Group||Brazil||$411||$308|
|42||43||Westermann Verlagsgruppe||Germany||Medien Union (Rheinland-Pfalz Gruppe)||Germany||$339||$342|
|43||41||La Martinière Groupe||France||La Martinière Groupe||France||$335||$377|
|47||42||Shinchosha||Japan||n.a. (privately owned)||Japan||$319||$364|
For the latest news about the publishing giants check out Publishers Weekly Financial.
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Warning for “Self-Publishing” Authors
The reason I started this blog initially, was to warn authors of vanity publishers including most of the POD service companies who call themselves “publishers” – and are in reality often unutilized print shops.
The statistics are mind-boggling, but still too many writers fall into their traps: the average Author Solutions customers – writers – spend around $5,000 with the company, but only sell 150 books. Even their press releases tell it all: “150,000 writers have used the services of Author Solutions, but they have only published a combined total of 190,000 books.” This comes from Penguin’s press release who just bought Author Solutions including their subsidiaries Author House, Xlibris, Trafford and iUniverse.
$100 Million in annual revenue comes roughly at two-thirds from the sale of services to writers, and only one-third comes from the royalties generated by books sales. Which means that most of the money they made (and unfortenately will make in the future) comes from fleezing writers.
Read more about their schemes and a litany of complaints at IndieReader.com and on Let’s Get Digital. See also Mark Levines book: “Book Publishers Compared”
I just wish that writers read articles like these and study the “Writer Beware” website, Emily Seuss’ blog article or Marcia Yudkins blog “how to sniff out scams”. There is no shortage of warnings out there! Read them BEFORE you make decisions about self-publishing.
What steps are necessary in self-publishing a paper book:
Why I put Marketing on top of the list? Because it is the most important one and should start long before you finish your manuscript. When you followed this blog you realized that almost all of my marketing tips don’t need involvement of service providers and are free. They involve only time, but no money.
An example: How much time does it take to write a terrific press release and email it out? Two, five, eight hours? You just saved more than $1,500 plus tax, that’s what Author Solution and the like would have charged you for this task. Being on Goodreads, Wattpad, Twitter, Google+, Pinterest, FB, LinkedIn, Tumblr etc. and creating a platform and a name as a writer doesn’t cost a dime. Listing your books on Bowker worldwide is free. The list how you can promote your book for free goes on an on.
Another example: How long would it take to write a query and approach these reviewers directly: Kirkwood, ForeWord and BlueInk? One hour, two or three? Author Solutions sells these three reviews from Kirkus, ForeWord and BlueInk to writers for a whopping $ 1,155 (or $1,405 for expedited) to a package price including
“evaluating the possibilities” by MVP for $3,000 in total (all plus tax) “for writers to be discovered and have their works optioned for film or TV”.
There is more: To set up four accounts on social media, they charge authors $700. How long does it take to open an account on Twitter, Facebook etc.? Their pricing is just absurd!
You can become your own publisher and not fall into the trap of “self-publishers”, just find information how to obtain and evaluate quotes on these services. The internet is full of advice on how-to…, service provider listings, offers for all of these services – starting with the 500 posts I wrote on this blog. One third of these articles is about self-publishing and two thirds “How to Market your Book on a Shoestring” – which is also the title of an upcoming e-book I am publishing soon for independent authors. Really independent ones!
And to publish a digital version of your book, the same is true: It takes time and dedication and a willingness to put yourself out there, but if you want to write a book there’s absolutely no reason to spend hundreds or thousands of dollars getting it into the e-book market.
If you enjoyed this blog post, please feel free to check out all previous posts (there are almost 500 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “Like” next to it.
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And don’t forget to spread the word on Twitter, Facebook, Google+, Tumblr or StumbleUpon – or other social networking sites of your choice) – other writers might also enjoy this blog and find it useful.
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Posted by ebooksinternational on July 29, 2012 in All things Legal, comment on posts, join the conversation, Marketing, Self-Publishing, Social Media Book Marketing, Writer Beware
Tags: Author House, Author Solutions, Authors Beware, Emily Seuss, iUniverse, Marcia Yudkin, Penguin, POD publishers, too many writers fall into their traps, Trafford, vanity publishing, Writers Beware, Xlibris