Publishers have institutionalized a singles‑hit economic model that demands huge first printings and star authors, pushing out gradualist talent development, editorial risk‑taking, and stylistic diversity. The shift creates a feedback loop: fewer risky acquisitions → less discovery → more reliance on backlist and formulaic branding (covers, marketing) that further reduces cultural experimentation.
— This change concentrates cultural power, narrows the range of voices reaching mass audiences, and turns publicly important cultural production into a high‑stakes industrial calculus with consequences for diversity, democracy, and the labor market of writers and designers.
Ted Gioia
2026.01.14
100% relevant
Steve Wasserman’s 1995 Random House anecdote and Gioia’s repeated observations about same‑looking covers, ten‑thousand vs forty‑thousand first‑printing math, and editors being unable to nurture talent illustrate the economic rule change driving the phenomenon.
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