Friday, December 1, 2023
Big Advances For Books That Don't Sell
OutKick
A new report details that some editors and publishers are getting sucked into giving out huge advances to left wing authors for books that don't sell.
Check out Disney stock if you don't believe that old saying about going woke and going broke.
The Free Press reported on a few of the publishing industry's most massive mistakes in recent years, and how company's often rush to buy progressive books that almost immediately flop. And why. And as an author of two books myself, it's abundantly clear that these decisions are being made to prop up a predetermined political ideology instead of making sound financial choices.
One of the most prominent examples of failed left wing books is "Pageboy," a memoir from actor Elliot Page about transitioning from Ellen Page. Page received a $3 million advance, but sold just 68,000 copies, despite massive promotion, media puff pieces and a celebrity figure with a substantial following.
Another example is "Dear Miss Metropolitan," a book about three "black and biracial" girls, which garnered a $250,000+ advance, only to sell 3,163 copies since it was released over two years ago. Claudia Cravens' book, "Lucky Red," received a $500,000 advance and sold just 3,500 copies despite being a "queer feminist Western."
Why are there bidding wars over unsuccessful woke books? Because of institutional racism and progressive political obsession within the book publishing community.
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