New release are 3% of titles sold BUT 25% of revenues!!

The due-diligence continues. The challenges for new writers just seem to amplify. This one needs watching over time, and begs the question about the role of the publishing industry. Seemingly only 3% of titles sold were from new releases, BUT they account for a disproportionate 25% of revenues. At first glance, publishers are extracting higher margins from new titles (remember that when negotiating contracts) Obviously higher priced on release.

The other trend, (European) shows that the backlist is finding more growth and support. ie fewer new books, more old favourites. A possible interpretation is that too many new releases and readers are overwhelmed and find comfort in the oldies. Quality over quantity?