It's a statistic that's been flying around the internet and publishing circles throughout September following some revelations in PRH/SS merger trial in the USA.
Whilst it seems to be incorrect (it seems to be about 15% which in itself is still pretty scary), the actual statistics from the industry experts are very revealing.
The real nugget for us here is that 66% of titles released by the biggest publishers with their large marketing budgets and muscle (Penguin Random House, Simon & Schuster, Hachette Book Group, HarperCollins, Scholastic, Disney, Macmillan, Abrams, Sourcebooks, and John Wiley) seem to sell less than the 1,000 copies that we all see as the bar for a profitable book.
It shows how tough it is for even the big guys in publishing and how important fan ratings and reviews are for smaller independent publishers.
If you are interested in the numbers, here's an extract from a very insightful summary on Counter Craft from Kirsten McClean of NPD Bookscan.
"Hey y'all, it's Kristen McLean, lead industry analyst from NPD BookScan. I thought I would chime in with some numbers here, since that statistic from the DOJ is super-misleading, and I'm not sure where it originally came from, since we did not provide it directly.
It is possible it came from our data, and was provided by one of the publisher parties, but based on the 58,000 figure, it's not obvious what exactly it includes in terms of "publisher frontlist". 58,000 titles is way too small a number for "all frontlist books published in a year by every publisher"--that's more like 487,000 frontlist titles--so it's clear it's a slice but I'm not sure HOW it was sliced.
NPD BookScan (BookScan is owned by The NPD Group, not Nielsen, BTW), collects data on print book sales from 16,000 retail locations, including Amazon print book sales. Included in those numbers are any print book sales from self-publishing platforms where the author has opted for extended distribution and a print book was sold by Amazon or another retailer. So that 487K "new book" figure is all frontlist books in our data showing at least 1 unit sale over the last 52 weeks coming from publishers of all sizes, including individuals.
Lots of press outlets have been calling about it today, so I did a little digging to see if I could reverse-engineer the citation, and am happy to share our numbers here for clarity.
Because this is clearly a slice, and most likely provided by one of the parties to the suit, I decided to limit my data to the frontlist sales for the top 10 publishers by unit volume in the U.S. Trade market. My ISBN list is a little smaller than the one quoted in the DOJ, but the principals will be the same.
The data below includes frontlist titles from Penguin Random House, Simon & Schuster, Hachette Book Group, HarperCollins, Scholastic, Disney, Macmillan, Abrams, Sourcebooks, and John Wiley. The figures below only include books published by these publishers themselves, not pubishers they distribute.
Here is what I found. Collectively, 45,571 unique ISBNs appear for these publishers in our frontlist sales data for the last 52 weeks (thru week ending 8-24-2022).
In this dataset:
>>>0.4% or 163 books sold 100,000 copies or more
>>>0.7% or 320 books sold between 50,000-99,999 copies
>>>2.2% or 1,015 books sold between 20,000-49,999 copies
>>>3.4% or 1,572 books sold between 10,000-19,999 copies
>>>5.5% or 2,518 books sold between 5,000-9,999 copies
>>>21.6% or 9,863 books sold between 1,000-4,999 copies
>>>51.4% or 23,419 sold between 12-999 copies
>>>14.7% or 6,701 books sold under 12 copies
So, only about 15% of all of those publisher-produced frontlist books sold less than 12 copies. That's not nothing, but nowhere as janky as what has been reported.
BUT, I think the real story is that roughly 66% of those books from the top 10 publishers sold less than 1,000 copies over 52 weeks. (Those last two points combined)"