The (Publishing) Times They Are Achanging
... or I won’t be when the thirty days for contract expiration run out.
First of all, because dropping one's agent in publishing is a lot like a Hollywood divorce, particularly when you’ve been together for eight years, as Lucienne and I have, I’d like to say it’s not her; it’s also not me; it’s the field and the way it’s changing (and how fast.) Lucienne was the best agent I ever had and is also a talented YA writer whom I can tell you without reservations to check out. (And now it’s not a conflict of interest.)
Part of me wants to sit around in a robe all day eating rocky road ice cream. (Inadvisable, since I need to finish Darkship Renegades and also because I’m not allowed marshmallows on this diet.) I haven’t been unagented since '97 and every time I dropped an agent before I secured one first. This time I chose not to do so because I think an agent won’t help. I could be wrong, in which case I’ll shop for an agent sometime in the future. However for now I’m alone, working without a net.
For the last year I’ve had a growing sense that something was wrong. Part of it was the response to two novels I sent out. The responses were slow and often rude, not just to me but to my agent. I’ve been a writer with no status or hope before and never got responses like that, because the publishers respected my agent. Now publishers don’t seem to care. Mostly they’re publishing bestsellers. It’s the only way they think they can survive the next two or three years.
Why do I think only the next two or three years?
Because agencies themselves are betting that’s all they’ll last.
The agencies are still selling – and well – the books of bestsellers, because that’s what the houses want right now. This is misguided as I think the bulk of their income is still from midlisters. It’s akin to the restaurant that decides that they make the most money off deserts, they in fact lose a little money off ribs, which brings in most of the customers. So they’re going to take out ribs and serve only appetizers and deserts. (And then they are shocked when the bottom line crashes.)
While it’s misguided for publishers, it will take a while for the financial effect to be felt. But it’s being felt by agencies. Us midlisters are by and large a low-work lot, who get our own contracts and keep on going. So we were a good "bulk" money maker for an agent. But now the big houses don’t want no stinking ribs.
Agencies are feeling the pinch from this, and in response they’re doing something which the agency Lucienne works for just did.
Yep, they’ve started their own digital publisher.
I know I’ve said here in the past that this was the logical next step in digital publishing. Agencies already sift through slush. They already promote their writers, to greater or lesser extent. So, why not transition?
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URL to article: http://pjmedia.com/lifestyle/2011/7/27/the-publishing-times-they-are-achanging