From Dean Wesley Smith:
As I have been saying for some time, the indie side of publishing will slowly become a major way into traditional publishing. And a way with power that allows a writer to negotiate a better contract.
But up until this morning I didn’t have any real evidence on that other than a few news articles about the large or different books that started indie and went traditional and a few friends it had happened to.
Then this morning Publishers Marketplace gave out their information about six figure deals in publishing that were reported to them. Combining nonfiction, children’s, and fiction, there were about 300 six figure deals reported to Publisher’s Marketplace. (There were a ton more, of course, since most deals are not reported.)
Then Publisher’s Marketplace followed with the line:
“As everyone knows, originally self-published books made for a number of high-profile crossover deals in 2012–though in total numbers, we recorded 45 such deals in all.”
Of the 300 or so six figure deals that were reported to them in 2012, 45 were from books that started off self-published.
Indie publishing is now a clear route in.
Link to the rest at Dean Wesley Smith