Thursday, 5 p.m. Panelists were David Hartwell (moderator; editor at Tor), Stephen Jones (from England), James Minz (Del Rey), and Barbara Roden (Ashtree Press, from Canada) These are notes, not necessarily direct quotes, though I do attribute them to individual speakers.
There is more separation between fantasy and horror in the US. In the UK, publishing is publishing. (I didn't note who made this pithy comment.)
Stephen Jones: A few years ago, horror was coming out of a black hole, small presses were coming to the UK, but that all went away. It's reduced to 3 or 4 companies, owned by the Germans and the French. Now all are competing for the same market, and it's harder for mid-list authors to get published. Fewer editors specialize in the area.
There are no publicity budgets. No time, energy, or money to specialize. They concentrate on books that will make a profit for the company.
Barbara Roden: I can't really talk about fantasy. I'll focus on supernatural, primarily short stories. Short stories don't get recognition. A small press can publish books of short stories. For horror, the pendulum goes back and forth.
The Canadian market is based on what happens in England or the US. You can't get momentum with Canadian authors unless they can be a big seller in the US or UK as well. Small presses can be a stepping stone to larger things for authors. Everyone's looking for The Next Big Thing, and you won't get the push unless they think that's you. There are only one or two at the top of the heap, and everyone else is scrambling.
Stephen Jones: Everything for Canada also holds true for Australia. [me: I'll post notes for the panel on Australian fantasy later this week, so that will have more details, I think.]
James Minz: Australians have problems getting distribution.
David Hartwell: No mainstream publisher in Canada has ever been interested in developing genre; Australia had Harper.
Barbara Roden: Hutchison did a series a few years back, but it lost what it had.
David Hartwell: Canada has no law as the US does about monopolies. The second-largest Canadian bookstore chain bought out the largest, then went bankrupt, which collapsed distributors and half the publishers in Canada. Recovery has been coming in bits and pieces.
Stephen Jones: WH Smith set themselves up as main chain and distributor in England. They insisted on books being marketed as they chose, with covers of their design. They started to lose money. Everything they told everyone was wrong. They became too powerful and destroyed the industry.
James Minz: Symptom of the times, of society as a whole--fractionation of the market. You see it with cable and satellite TV. There are hundreds of choices but few main markets, and even they are getting divided. Everyone is fighting for smaller pieces of the pie, which is why small presses can do well.
David Hartwell: There's a difference between getting known and getting paid.
James Minz: It's easier to start big because it's hard to fight mid-list history as an author. There's no industrial memory, no institutional history.
Barbara Roden: Ramsey Campbell's discussion board. What makes "dark horror"? Not doing anyone a favor by subdividing what's already a small genre.
Stephen Jones: It started with trying to use "dark fantasy" to market horror.
James Minz: Publishers do make marketing decisions, but they also need a product to sell.
Stephen Jones and David Hartwell both agreed that it's got to be product.
David Hartwell: Historically, publishing and books do well versus other entertainment in economic down times. Probably heading for good times for the industry.
James Minz: But it costs more to ship books than CDs or DVDs.
David Hartwell: There are 10 major and 3 minor publishers of genre in the US--still a large segment; haven't had the kind of collapse that happened in the UK, France, and a lot of the west in the 80s and 90s. Trade publishing was preserved. A lot was sold to German conglomerates, which is good for Germany because in tough times they can take money from the US and UK to Germany.
Superficial--lot of money to buy books from big name authors. It's set up to use money rather than expertise to succeed. Multinationals don't do fiction; they prefer fact, nonfiction. Trying to make nonfiction sell bigger, with some success. They don't care if I know the field, only if I've used their money to buy another best seller. Twice, I was told they don't care if my division is making money because they aren't interested in publishing that kind of material, and I was fired. Now I'm at Tor, and I plan to stay.
If we cultivate talent, we might get the next best seller. Not really trying to make money from a book if not giving big advances.
Stephen Jones: This is one market that still exists and is rather healthy. Selling American publishers world rights. Very difficult to make a living by being a writer. Advances are often $500-$1,000. [me: Compare this with Tobias Buckell's survey, previously linked from this blog.] Short stories are even harder. People can't afford to do it. Make less money now than did ten years ago, and it's difficult without a second job.
The same is true with a small press. The money you'll get for something that will sell 500 copies if you're lucky will only keep you going a couple of weeks. But you get stuck in the cycle."
Barbara Roden: "You're a small press writer, and that's all you'll ever be." It's the minor leagues in baseball. Can't make it sell, even if it's good.
Stephen Jones: That's one good thing about year's best anthologies; they pull work out to a larger audience. And, once a writer becomes big, they can go back to small press to do projects that they want to.
David Hartwell: There's a 150 year horror short fiction tradition. Not true for fantasy, which was more or less invented in 70s by Del Rey, who were trying to reproduce the effect of Tolkien's trilogy. People who read fantasy novels much less frequently read short fiction.
James Minz: There are two rough paradigms. There's the pet project, something different, that can get the industry excited. Then there's the big book like other previous best sellers.
Barbara Roden: Look back to pulp magazines, how many markets were available for writers to hone their craft, get their name out there and known. There's nowhere for writers to get their name out there and known now.
Stephen Jones: There aren't that many fantasy magazines--Realms of Fantasy, and Fantasy & Science Fiction, which has a bit of everything.
James Minz: Horror is at its best short, science fiction is also very good, but fantasy isn't necessarily at its best.
audience question: Market bubbles: why do they continue? Do any companies make enough money to go through crash afterward?
To keep the competition from getting a crushing share of the market. Everyone tears off a piece to keep someone else from making tons of money off it. Just meet expectations for this fall, make the bottom line look good NOW, even if it means putting out money to ride a trend, even if you know it's going to burst because you need the support of the people paying the salaries.
audience question: Given the general older age of readers, is anything being done to pull younger readers to the field?
Harry Potter phenomenon. YA books in fantasy and horror are easy to sell.
Halo books (SF) are doing well.
Make more money, sell more copies. But no evidence of cross-over to nonseries books.
Barbara Roden: Even if it's a fraction crossing over--1 in 100 or 1 in 1,000--it's better than 0.
audience question: Are genres mixing and merging? (SF/F/H)
There's so much out there, people can discriminate, and the buy just what they want.
About cross-genre stuff: Have to know what section of the bookstore to shelve books, or they won't get picked up by a publisher.