section_path: Contemporary publishing
section_name: Contemporary publishing
paragraph_text: Contemporary publishing
  
  Presently, books are typically produced by a publishing company in order to be put on the market by distributors and bookstores. The publisher negotiates a formal legal agreement with authors in order to obtain the copyright to works, then arranges for them to be produced and sold. The major steps of the publishing process are: editing and proofreading the work to be published; designing the printed book; manufacturing the books; and selling the books, including marketing and promotion. Each of these steps is usually taken on by third-party companies paid by the publisher. This is in contrast to self-publishing, where an author pays for the production and distribution of their own work and manages some or all steps of the publishing process.
  
  English-language publishing is currently dominated by the so-called "Big Five" publishers: Penguin Random House, Hachette Book Group, HarperCollins, Simon & Schuster, and Macmillan Publishers. They were estimated to make up almost 60 percent of the market for general-readership books in 2021.