Book publishing is a unique industry that attracts individuals who are passionate about books and the process of bringing them to life. These individuals are often overworked and underpaid, but they continue to be driven by the thrill of being part of the publishing process. However, a recent development in the industry has raised concerns among book workers and authors alike.
Authors Equity, a new company led by publishing veterans, has introduced a business model that deviates from the traditional practice of paying authors advances on book earnings. Instead, authors will share in the profits generated by their books. While profit-sharing deals are not uncommon in the industry, what sets Authors Equity apart is its reliance on freelancers to assemble the publishing team for each book.
The use of freelancers instead of full-time employees has raised red flags for many in the industry. This shift towards the gig economy can lead to job instability and a lack of benefits for book workers. Additionally, the quality of the finished product may suffer as freelancers may lack the institutional knowledge and experience that full-time employees bring to the table.
Furthermore, the trend towards cost-cutting measures and risk aversion by big publishers has resulted in fewer opportunities for emerging voices in the industry. Authors Equity’s focus on high-profile authors and celebrity-driven books may further marginalize lesser-known authors who rely on advances to support their work.
The name Authors Equity draws parallels to the theater actors union, Actors Equity, which has long fought for the rights of live performers. However, authors and publishing workers lack a unified voice in advocating for their rights. The need for unions and fair treatment in the industry is evident, especially as corporate consolidation continues to impact the publishing landscape.
In light of these challenges, there is a call for a new business model that prioritizes the well-being of book workers and authors. By providing job stability, benefits, and proper support for each author, the industry can ensure a more equitable and sustainable future. It is crucial for industry leaders like Madeline McIntosh to reconsider their business models and prioritize the needs of those who contribute to the publishing process.
Ultimately, the goal is to create a publishing environment where every author receives the attention and care they deserve. By valuing the people who make books and ensuring their well-being, the industry can uphold its commitment to fostering diverse voices and quality literature. A shift towards a more equitable and sustainable model is essential for the future of book publishing.
