Indie Publishers gaining market share, while big 5 are slipping

Bestselling author Hugh Howey’s quarterly analysis of sales is remarkable:

http://authorearnings.com/report/may-2015-author-earnings-report/

Several interesting findings include a 44% increase in share of bestsellers by indie books and a 26% slide in number of big-5 published books on the bestseller lists. The traditional publishers had only 14% of the bestsellers.

The Nook is also down to single digits and sinking, (sales off by nearly 50%) leaving Amazon back in the catbird seat.

Over 7 quarters of data, the price of eBooks in the big-5 legacy publishers has risen 17%.

All in all the Big 5 publishers and their authors are losing money fast, selling fewer ebooks, and losing discoverability as they are giving up significant market share.

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