Inside the Australian and New Zealand book industry

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‘New-title publishing has become much riskier and more expensive for all publishers. They naturally react to that by publishing fewer new titles, and that describes the tactics of just about every publisher in the business over the past decade. And a smaller percentage of those titles go on to become enduring backlist.’US publishing industry consultant Mike Shatzkin on how trends from the past decade could inform the books market in the 2020s.