Columns > Published on August 26th, 2015

Economics of the Big Release

Every now and then a tidal wave comes along in book publishing. Big releases can sometimes act as a shot in the arm for struggling bookstores, and they’ve helped to keep a changing industry afloat.

Ripple Effect

Harper Lee’s Go Set a Watchman is an obvious standout for sales this summer, breaking records in the author’s native Alabama before copies even hit the shelves. A week after its initial release, The Wall Street Journal reported that it had already outpaced HaperCollin’s initial expectations to become the fastest-selling book in the company’s history. And the really surprising part? Physical copies of Watchman sold at a 2-to-1 ratio over the digital edition. Perhaps buyers wanted a more durable copy of what they anticipated as a potential literary classic, or maybe they just needed something easier to loan amongst friends or book groups.

These unicorn titles are rare, but it's fairly clear that they do create a ripple effect capable of lasting well beyond their initial release.

But how much do blockbuster titles like Watchman impact the industry overall? Looking at statistics for Fifty Shades of Grey, some estimates credit E.L. James with as much as a 25% boost in adult fiction sales shortly after the series debuted. Considering that as many as seven out of ten books may actually lose money, sales numbers that attractive are significant. When a book does well, it benefits more than just the trio of author, publisher, and agent; a whole other string of individuals also benefit indirectly. Judging by the sheer number of orders I placed during my employment as a book merchandiser, I can vouch for the sobering fact that sales of Fifty Shades paid a large chunk of my wage for a while.

A Critical Eye

Some similar dynamics apply to literary fiction as well. When Donna Tartt’s The Goldfinch won the Pulitzer for fiction in 2014, its sales doubled. “Historically, the fiction Pulitzer winner sees the biggest sales benefit out of the five literature categories awarded,” wrote Publisher’s Weekly in the wake of the sales boom.  

Of course, not everyone sees the merit in these hugely popular titles. Just as Go Set A Watchman began to break records, one bookstore owner offered refunds to disappointed customers. Even so, does it matter if later reviews don’t match the hype? Consider this (if you need further evidence beyond E.L. James’ runaway success): while Go Set a Watchman broke all of Barnes and Noble’s first-day sales records, its second-place contender was the 2009 Dan Brown book, The Lost Symbol. And even as Goldfinch sales skyrocketed, it began to receive negative attention from critics who lambasted its supposedly simplistic prose. 

So no, it would not appear that critical acclaim is a strictly necessary ingredient in the creation of a bestseller, although it may help bolster sales in some areas. These unicorn titles are rare, but it's fairly clear that they do create a ripple effect capable of lasting well beyond their initial release and the inevitable criticism that ensues. Bearing that in mind, the odds of an individual author achieving E.L. James-level sales success are quite low. In his Salon column, "My Amazon bestseller made me nothing," author Patrick Wensink reveals the rather disheartening numbers generated by his book. 

I’m thrilled and very proud to say I earned any money as a writer. That’s a miracle. It’s just not the jewel-encrusted miracle most people think bestseller bank accounts are made from.

And on that note, this is why you should never ask a writer what's in that bottle they're cradling like a newborn. It's alcohol. Lots of alcohol.

About the author

Leah Dearborn is a Boston-based writer with a bachelor’s degree in journalism and a master’s degree in international relations from UMass Boston. She started writing for LitReactor in 2013 while paying her way through journalism school and hopping between bookstore jobs (R.I.P. Borders). In the years since, she’s written articles about everything from colonial poisoning plots to city council plans for using owls as pest control. If it’s a little strange, she’s probably interested.

Similar Columns

Explore other columns from across the blog.

Book Brawl: Geek Love vs. Water for Elephants

In Book Brawl, two books that are somehow related will get in the ring and fight it out for the coveted honor of being declared literary champion. Two books enter. One book leaves. This month,...

The 10 Best Sci-Fi Books That Should Be Box Office Blockbusters

It seems as if Hollywood is entirely bereft of fresh material. Next year, three different live-action Snow White films will be released in the States. Disney is still terrorizing audiences with t...

Books Without Borders: Life after Liquidation

Though many true book enthusiasts, particularly in the Northwest where locally owned retailers are more common than paperback novels with Fabio on the cover, would never have set foot in a mega-c...

From Silk Purses to Sows’ Ears

Photo via Freeimages.com Moviegoers whose taste in cinema consists entirely of keeping up with the Joneses, or if they’re confident in their ignorance, being the Joneses - the middlebrow, the ...

Cliche, the Literary Default

Original Photo by Gerhard Lipold As writers, we’re constantly told to avoid the cliché. MFA programs in particular indoctrinate an almost Pavlovian shock response against it; workshops in...

A Recap Of... The Wicked Universe

Out of Oz marks Gregory Maguire’s fourth and final book in the series beginning with his brilliant, beloved Wicked. Maguire’s Wicked universe is richly complex, politically contentious, and fille...

Learning | Free Lesson — LitReactor | 2024-05

Try Reedsy's novel writing masterclass — 100% free

Sign up for a free video lesson and learn how to make readers care about your main character.