American Literature Needs Indie Presses
For better or worse, writers and readers live in an age of the million-dollar book deal. The Big Five publishers (Penguin Random House, Hachette, Macmillan, HarperCollins, and Simon & Schuster) increasingly gamble on massive book advances in hopes that they might put out one of the biggest hits of the year. Last fall, Knopf—a division of Penguin Random House—paid an unprecedented $2 million advance for the first-time novelist Garth Risk Hallberg’s City on Fire. Other recent million-dollar debut deals include Imbolo Mbue’s Behold the Dreamers, Stephanie Clifford’s Everybody Rise, and Matthew Thomas’s We Are Not Ourselves—and the list goes on.