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By: Katie Bennett,
on 10/16/2016
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I want to live to be 100 years old. Yes, that is a bold statement, and I'll admit this goal may be a bit unrealistic and potentially impossible, but my curiosity pushes me to beat the laws of nature. As a 22-year-old avid reader working for a publishing company, I can’t help but wonder: what will be the future of the printed book? Since the creation of the world wide web by Tim Burners-Lee in 1989 and it's continual expansion since then, this question has haunted the publishing industry, raising profound questions about the state of the industry and the printed book.
The post The library – 100 years from now appeared first on OUPblog.
By: Helena Palmer,
on 11/16/2015
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What is the future of academic publishing? We’re celebrating University Press Week and Academic Book Week with a series of blog posts on scholarly publishing from staff and partner presses. Following on from our list of academic books that changed the world, we're looking to the future and how our current publishing could change lives and attitudes in years to come.
The post 5 academic books that will shape the future appeared first on OUPblog.
On July 13, 1865, Horace Greeley penned an editorial that is famously quoted: “Go West, young man, go West and grow up with the country.”
I had the privilege of meeting with a young writer this week who wanted to chat about her future. She’s articulate, smart and engaged. She’s already a member of a fan-fiction forum where she chats with other teens about writing. She’s planning to take the NaNoWriMo challenge and write 50,000 words in November. Even at fourteen, with parental controls carefully in place, she’s linked in and excited about the future of book publishing. Here are some of the things we discussed.
Go Indie, Young Writer, Go Indie, and Grow Up with the Industry.
Write 10,000 hours. If you want to be a writer, you must write.
I asked Young Writer, “How many hours do you need to write to become a great storyteller?”
She said, “My preacher said 10,000 hours to be good at anything.”
Obviously, someone has read Malcom Gladwell’s book, Outliers, where he claims experts need that level of commitment. Whether you believe that number or not, it’s true that writers write. They don’t talk about writing, they don’t study text books about writing, they don’t wish they had written. They write.
Likewise, most writers who are successful are readers. It’s certainly possible to avoid a deep literary background of reading–but I believe it’s much harder. Pour language in to get language out. The wider the variety of reading, the better.
Prepare to be a social media maven. A second skill for writers growing up today is social media. Aspiring young writers should become comfortable on different social media platforms and participate a variety of communities devoted to literature. One thing that definitely means is the young writer needs skills in photo editing. Taking your own photos is even better, but for sure, they should be able to edit photos. For example, Facebook needs horizontal photos, while Instagram prefers square, and Pinterest highlights vertical. Can you take one photo and format it to fit each platform. Even as platforms morph (Instagram now allows horizontal or vertical, while preferring square), the ability to reformat photos will remain a valuable skill. One step farther, video skills will become increasingly important online. These are things that even a fourteen-year old can do, before they are even allowed by cautious parents (Hurrah for cautious parents!) allow social media accounts. For example, Lynda.com offers reasonably priced video tutorials on a wide variety of skills, including photo editing.
Prepare to be a small business person. Already, Young Writer was asking, “Should I go Indie?”
When I said, “Yes,” she was excited. She was already tending to think indie was a strong option for her.
And fourteen years old is the time to think Indie, because it requires an entrepreneurial mindset. Indie authors are small business persons. They need a variety of skills: accounting, marketing, graphic design for book covers and book layout, social promotion and more. This was perhaps the biggest surprise for the Young Writer’s Mom. She had thought only of writing and producing the books, not of marketing them.
Now is the time to think about the classes to take in high school and college that can feed into a successful venture in indie publishing. Learn accounting and financial management. One of the biggest challenges for me has been the financial side of indie publishing; in fact, I’d never even taken a basic accounting class before I started my venture. I suggested that Young Writer invest time in accounting, accounting software, and thinking like a financial planner.
Likewise, books are an exercise in graphic design. Whether you do ebooks or print books, the book cover is a crucial sales tool, and the interior must be laid out in a professional and pleasing way. I’m not saying that Young Writer must do all her own graphic design; rather, she must be comfortable acting as an art director for her books. That means some experience in a graphic design class will help her see possible difficulties and solutions and hopefully, give her an eye for great design. Maybe an arts appreciation class is just as important as the graphics design class.
What should I major in in college? asked Young Writer.
The answer depends on Young Writer’s goals. Indie authors create multiple income streams to survive, especially in the early years. Typically, a writer earns income from book sales, speaking engagements, and teaching. Throw in some extra sales from repackaging the book for different formats: paperback, hardcover, ebooks, audiobooks, online video courses, and so on.
If Young Writer wants to be a creative writing professor at a university level, then an MFA in Creative Writing makes sense. Or even a Ph.D. University programs are generally great at turning out professors, and not necessarily (with exceptions, of course) turning out practicing and successful writers.
However, if Young Writer wants to really go entrepreneurial and try to make a living from her writing, I’d advise a minor in Creative Writing (while working on her 10,000 hours experience), and a degree in something else. Michael Crichton, author of Jurassic Park and other classics, graduated from medical school, although he never practiced as a doctor. The expertise in medicine–and his comfort in dealing with technical issues from chemistry to anatomy–brought something unique to his fiction. He was comfortable discussing the genetics of bringing back extinct species of dinosaurs – and making the science fiction plausible. Likewise, Young Writer might benefit from a degree in history, archeology, sociology, anthropology, medicine and so on.
It depends on Young Writer’s goals, their personality, and their commitment to writing. But now is the time to think about options. And I think the future for smart young writers is in their own hands. Go Indie, young writer, go Indie, and grow up with the industry.
Eighth! Annual! Poll!
I think we need a moment, guys. Eighth. Annual. Some of you probably voted in the first poll, or maybe you missed that one and voted in the second or third, but holy cow! Where did the time go?!
And where in the heck are the flying cars? It's 2014, we should be reading holograms in space or something.
Ahem. Meanwhile, there is a poll that YES WE KNOW is not scientific and is not directly applicable to previous years, but even though I say that every single year there will still be a commenter who insists on pointing out that this poll is not scientific and is not directly applicable to previous years. You may be the commenter who after eight years still insists on pointing this out, and I have to say I kind of begrudgingly love you.
Here are polls past, in case you are curious:
2007
2008 (technically the beginning of '09)
2009
2010
2011
2012
2013
And here is this one. Vote if you dare! Oh, and yes, it's 2014 but you'll still need to click through to the actual post if you're reading this via e-mail or in a feed reader.
(This is a re-post from one year ago.)
Here’s the deal: I don’t like the fact that you have to “build a platform” these days, any more than you do. But I get weary of writers complaining about it. I get frustrated by hearing that publishers are “abandoning writers” and “bringing nothing to the table.” I know it’s hard to market your books — I feel your pain — and yet I dislike it that people saying that publishers are shirking their duties by “leaving it all up to the author.”
REALITY CHECK:
Publishers did not create this brave new techno-world we live in.
It is not the publishing industry that has created this society of ubiquitous electronics, Internet noise, YouTube, X-Box, Facebook, Twitter, Instagram, Pinterest, Vine, and the decline of reading. It is not the publishing industry who put a computer in more than half of all American households, allowing millions of folks just like yourself to write books they want to sell.
It is not the publishers who brought our society to a place where it’s no longer possible to “market” books the old-fashioned way. It’s not the publishers’ fault that average human beings everywhere are being bombarded with literally thousands of pieces of information every day, making it more challenging than ever to draw a person’s attention to one little book.
The fact is, publishers are doing everything they can dream up, and everything they can afford, when it comes to marketing books. They have the same limitations you do: Time and Money. But they’re coming up with new ideas and innovations all the time.
Publishing is an “old world” industry, figuring out, day by day, how to thrive in this “new world.” We all face these challenges together. We all have to figure out how to get people to want to read our words… to want to PAY to read our words. We all have to figure out how to get our books to rise above the “clutter” and get the attention of readers who are willing to pay for them.
Those of you who find yourself bemoaning that “writers are expected to do everything” and concluding “we might as well self-publish” — perhaps the self-publishing route will work out better for you. For certain kinds of books and certain authors, it’s working out great. Give it a try!
But I want to point out that publishers are still in business because of the value they bring to the table — not just in marketing but in every aspect of the editing, production, and selling of books. It is harder these days to sell books than ever before, yes, but publishers are more than just a business selling widgets, they’re entities who take seriously the responsibility of preserving and disseminating the written word. And so publishing persists, despite the challenges, despite our changing world.
Part of the value publishers bring is a sense of history, a sense of tradition and permanence. Many authors still want to be a part of that. It’s about great stories and important thoughts. It’s about legacy. It’s about a dream. People in publishing still see this dream as worth it. They’re willing to swim against the tide because publishing isn’t just a business, it’s a life, it’s a calling, it’s a passion.
To all writers who believe in the dream, who have the passion, who feel called to the legacy — I’m right there with you, and so is everyone else who has staked their livelihood on this crazy, unpredictable, totally unrealistic business called publishing. Thanks for being here, and hanging on for the ride. To those who are frustrated by the ways it seems publishing can’t meet your expectations, I commiserate with you and I apologize that things aren’t the way we wish they could be.
To each and every author, I sincerely wish the very best for you as you seek your own way of getting your book to its intended audience. I am doing my best to be a positive and helpful part of this process.
Are you in it for the legacy? Or something else?
Comment below or by clicking: HERE.
TWEETABLES
Publishing is an old world industry, figuring out how to thrive in this new world. Click to Tweet.
Publishing isn’t just a business, it’s a life, it’s a calling, it’s a passion. Click to Tweet.
To all writers who believe in the dream, the passion, the legacy – I’m with you. Click to Tweet.
The post The Brave New World of Publishing appeared first on Rachelle Gardner.
Unless you've been living deep in the Amazon (the rainforest, not the retail giant), you have probably heard... and heard... and heard... about Amazon vs. Hachette.
There have been op-eds.
Stephen Colbert rants.
Letters from angry authors.
Counter-letters from angry authors.
You should be rooting for Amazon, says some.
No, you should be rooting for Hachette, says others.
At this point, I agree with Evil Wylie:
(But apparently, I do not agree enough to refrain from writing my own blog post about it.)
In case you need a primer, Amazon and Hachette are squaring off over e-book prices. In order to increase their negotiating leverage, Amazon is trying to squeeze Hachette by removing pre-orders for their books and otherwise making them more difficult to procure. This has dragged on for nearly two months, and in order to help quell complaints that it is harming authors, Amazon recently announced a plan to
pay authors in full during the dispute, an offer the
Authors Guild called "highly disingenuous." (Here's
more background from David Streitfeld).
What I find most amazing about this dispute is the extent to which it is a Rorschach Test for your views on the publishing industry writ large. The predictable traditional publishing industry defenders have come out in force against Amazon, and the predictable anti-traditional publishing industry forces (especially certain vocal segments of the self-publishing community) have come out in full-throated Amazonian defense.
Call me crazy, (and yes, I'm not directly affected by this dispute), but I'm not endlessly titillated by the sharp-elbowed negotiations of two massive multinational corporations who are both fighting for their respective financial interests.
Nor do I see it as a referendum on the future of literary culture, which has been on the verge of the apocalypse for the past five hundred years without said apocalypse ever coming to pass.
Instead, I see this as a wakeup call for authors to think about what it is they're actually arguing about.
Here's the thing, authors. Amazon is not your best friend. Amazon is looking out for Amazon.
Hachette is not your best friend, either. Hachette is looking out for Hachette.
Inasmuch as your interests coincide with Amazon and Hachette, they are more than happy to be your friend. And there are great people who work at both companies. But when your interests diverge with theirs and they want to maximize revenue and are able to extract more from you because they've increased their leverage, whose side do you think they're going to choose? Yours or theirs?
Do you endlessly trust Amazon to protect author's interests after they've thoroughly cemented their position as the primary game in town? Are you really happy with the digital royalty traditional publishers are paying?
So where is the for-authors-by-authors publishing option? How about a partnership with the indie bookselling community to create the literary culture we really want instead of hoping that huge corporations are going to come to our rescue? How about instead of picking which intermediary we like better we disintermediate and build a
J.K. Rowling-esque option that truly goes directly from author to readers?
Yes yes, easier said than done and someone has to pick up the mantle and do it. I'm, uh, busy with writing and stuff.
But at the very least, count me out of the letters and counter-letters and the flame wars and the bile. Rather than authors fighting it out we should be working together to create something better.
Art: Symposium by Akseli Gallen-Kallela
“The report of my death was an exaggeration.” So said Mark Twain in 1897, and I’m wondering if Barnes & Noble might be saying the same thing right about now.
Over the last week, an article by Michael Levin has been making the rounds, causing fear and trembling among certain groups of authors and publishing folks. Syndicated on news websites all over the U.S., Levin’s article predicts that Barnes & Noble may close all the rest of their stores by the end of the year. It proposes five reasons for B&N’s demise, and goes on to lament the awful tragedy this would be. (You can read a version of the article HERE.)
I just want to add my two cents to the pot:
Everybody, get a grip.
1. We’ve known for a long time that B&N’s position was—and is—precarious. This is not news. (Forecasting “B&N closing by the end of the year” is, however, a great way to get lots of clicks and shares.)
2. While it could happen, we haven’t seen any evidence that B&N will be dead before 2015. This business is always rampant with rumors, and what good does it do? I prefer to ignore attention-seeking prognostications and wait for the real news.
Now, let’s say Mr. Levin’s prediction is correct. What then?
I daresay the world won’t end. Things will change for publishers and readers and everyone in between—but things have already been changing and we ought to be used to it by now. It’s not as if publishers are unaware that this could happen. And it’s not as if readers are clinging to B&N as their last and only hope for access to books.
Let’s take a few of the statements in this article and expose them to the light.
“Literary agent David Vigliano says that the disappearance of bookstores, and the move to buying books on Amazon, represents the death of browsing.”
No offense to either Mr. Levin or Mr. Vigliano, but this is categorically untrue. Millions of readers are browsing just fine, thank you very much, online and in (gasp) libraries. Why do you think B&N is having so much trouble? Not just because of showrooming (people browsing in the store, then buying online.) But because many, many readers have already made the switch to online browsing and are having no trouble finding the reading material they want.
“Serendipity – the sweet surprise of happening upon an unexpected book – is an experience that can happen only in a bookstore.”
This feels to me like the ranting of Luddites who can’t get used to this thing called the Internet. They can’t believe that it actually WORKS. Again, this statement is so untrue as to be almost ridiculous. Millions of readers are experiencing “serendipitous” sweet surprises much more often nowadays via the Internet than they ever could from walking into a bookstore.
“Yes, Amazon’s algorithms can point you to books you may like, but there’s no substitute for wandering the aisles of a bookstore, looking into a section you might never have visited before, and finding a new author or subject you had never considered.”
Oh, brother. I regularly find new authors and subjects I’d never considered—by tuning in to NPR and the Wall Street Journal, by following smart bloggers, by checking Facebook every now and then, by belonging to a book group, by browsing on Goodreads, and by having actual conversations with actual people. I have probably been in B&N five times in the last five years—and I read as many books as almost anyone I know.
“Barnes & Noble killed privately owned bookstores, and Amazon and technology are killing B&N. It’s downright Darwinian.”
It took a lot more than B&N to drive many privately-owned bookstores out of business—it was the advent of digital books, and it was all the big stores (Borders, Walmart, Costco, etc), and it was Amazon. But think about it. If B&N folds, it might be exactly what we need to bring back the privately-owned local bookstore that knows how to serve its own community.
Could B&N close this year? Sure. Would it be a tragedy of epic proportions? No, except for the fact that many would lose their jobs because of it. My heart goes out to those people.
Publishers (and writers, and agents, and everyone else in the book food chain) will figure out how to rally. We’ve been adjusting to massive changes for half a decade already, and there’s more to come. I understand it’s difficult to deal with uncertainty (you have no idea how well I understand this). But I’m so over the drama, and the fear, and the hand-wringing.
Let’s keep looking ahead at the possible changes in our industry, and asking ourselves: What’s good about this change? How does it bring us into the future? What do I need to do to adjust to this change? Does it offer any opportunity for me?
I’d like to hear your thoughts.
Comment below, or by clicking: HERE.
Tweetables
Barnes & Noble closing? Agent @RachelleGardner says: Everybody get a grip. Click to Tweet.
Could B&N close this year? Sure. A tragedy of epic proportions? No, says agent @RachelleGardner. Click to Tweet.
“The report of my death was an exaggeration.” Mark Twain–and Barnes & Noble? Click to Tweet.
Image credit: twindesign / 123RF Stock Photo
The post OMG! What if B&N Closes? appeared first on Rachelle Gardner.
It's no secret that the publishing industry is in the midst of a vast transformation. The question is whether the industry can pivot to a vastly different reality.
I finally caught up with George Packer's excellent article on Amazon and its
fraught relationship with the traditional book world, and there was one quote in particular that stood out to me. Russ Grandenetti, Amazon's Kindle vice president said:
The old print world of scarcity—with a limited number of publishers and editors selecting which manuscripts to publish, and a limited number of bookstores selecting which titles to carry—is yielding to a world of digital abundance. Grandinetti told me that, in these new circumstances, a publisher’s job “is to build a megaphone.”
Building a megaphone is a really great metaphor for the value publishers can still bring to the publishing process even as we march steadily into the e-book era. At the end of the day, the publishing process is a
series of tasks and services from production to distribution to promotion, and when they're working well, publishers can add tremendous value to a book project. And the most important task in an era of abundance is to help a book rise above the noise.
But do they think of themselves this way? Can they quickly adapt to fulfilling that role?
And most importantly, what does this mean for authors?
The funnel invertsThe old print world really was based on scarcity. There was only so much shelf space in bookstores, therefore there was only so many copies of any book it was profitable to print, therefore it was necessary and profitable to winnow down all the books out there into a select, chosen few.
Publishers added value through the act of curation. Gatekeeping is now treated with derision in some quarters, but it was a terribly important, valuable business activity. Publishers built cachet through quality control, and booksellers and authors alike came to depend upon them for this service.
Publishers were a crucial funnel. They made the system work when it simply wasn't profitable to print every book ever written during the first five hundred years of the printed word.
Now, as so many people have already breathlessly chronicled, the funnel is inverted. We no longer live in a world with limited shelf space, and in fact the complete opposite is true. With e-books and print on demand, the costs of producing an individual book have dropped dramatically.
Because of online bookselling, e-books, and advances in print-on-demand, we live in a world where
everything can be published. Everything. As Clay Shirky very famously pointed out, publishing is no longer a job or activity --
it's a button.
The value in publishing is no longer built around scarcity. It's abundance. Instead of culling books into a select few that arrive on bookstore shelves, the value publishers now must bring is helping authors rise above the noise and connecting readers to the books they want to read.
Distribution isn't enoughRight now, the biggest thing publishers can still bring for self-published authors is getting them into the print distribution stream. Print still matters and probably will continue to matter in the near future. Publishers are still the surest way into bookstores and other important outlets like Target and Walmart.
But the importance of bookstore distribution will continue to wane, especially if, say, Barnes & Noble goes bankrupt and e-book adoption continues its steady, inexorable march.
Publishers cannot continue to rely on print distribution as a raison d'être. And in a world where there are tons of talented freelance editors and designers waiting in the wings, many of them former publishing employees, editing and packaging aren't significant differentiators either.
Indeed, authors now have a wide array of choices apart from the traditional publishing industry. It is
extremely easy to self-publish, and especially with the paltry e-book royalties offered by traditional publishers, many authors can actually make more money going it alone.
This is a world of choice. There are two major shifts publishers need to make in order to accommodate this shift:
1. They will need to start treating authors as customers
2. They will have to invest in publicity, marketing, and branding
Can they do it?
Authors as customersWhen authors have a choice about how and where they publish and many of them experience great success self-publishing, publishers can no longer count on the authors just feeling lucky to be there.
Indeed, there is an undercurrent within the traditional publishing industry (not in all quarters, I want to stress) that authors should be kept on a need-to-know basis, that when it comes to things like choosing covers it's best to let the experts do their job unmolested, that authors are a rather annoying byproduct of the publishing process best kept at arm's length. Authors are often kept in the dark about key decisions that affect their book.
This will have to change. When authors have a choice about where to publish, publishers will have to make themselves appealing to authors. In other words, they'll need to treat the publishing process like a partnership.
At the end of the day, authors will be evaluating their options based on a wide variety of criteria. Especially as we move into a primarily e-book world, authors will be able to accomplish most of the tasks of publishing on their own. No one will
have to have a publisher.
If they're going to choose a publisher, they'll need to have confidence it will be a positive experience, that their input will be valued. The next time author's have a choice they will need to feel a reason to return.
Publicity, marketing, branding
When a publisher is excited about a book it's amazing the amount of energy and marketing they can bring. It's not just the ads they place and the campaigns they execute, but even having dozens of employees excitedly talking about a new book with their friends can start the hype machine on its way.
But too often, non-lead titles are simply dropped into the ocean without a plan and nary a cent spent on promotion. It's no secret that the publishing industry doesn't pay well, and this can feel especially reflected in book publicity and marketing departments, which at some publishers can feel like a rotating collection of recent NYU graduates who stay a year or two before decamping for a higher-paying job.
It used to make sense to pick and choose where to spend marketing dollars in the past. To a certain extent, someone walking into a bookstore is faced with a zero-sum choice between books. Publishers invested in the books receiving "co-op" at the front of the store, the rest were left to magically catch fire... somehow.
But that's not the world we live in anymore. Books aren't competing against other books, they're competing against apps and movies and games like
2048 in a vast virtual store and the books aren't all hidden spine out in the back of a bookstore. It now makes more sense than ever to promote every book, and to better take into account the purchasing process of an online book buyer.
There is still value in publishing brands -- people have heard of Penguin and HarperCollins and Simon & Schuster -- but publishers have never thought of these as consumer-facing brands and are
squandering their cachet on imprints no one has ever heard of.
Publishers have grown even more reliant on authors promoting themselves at a time when advertising should be the very thing publishers are bringing to the table.
And if publishers aren't bringing promotion to the table and aren't helping a book rise above the noise, when it's so easy to self-publish and the returns-per-copy are so much higher, authors may well ask themselves: why do I have a publisher again?
The future
I have always been optimistic about publishers and feel that their level of preparation for and investment in the e-book era has been sorely underappreciated by outside observers. This isn't an industry full of retrograde dinosaurs, despite what you might read on some other publishing blogs.
But my fear is that the recent ebb in the exponential growth of e-books and
feel-good stories about independent bookstores will result in complacency about the shifts that will need to take place.
Publishers really do need to reimagine themselves as megaphones and figure out how they will help authors ascend to another level when they don't have their distribution advantage to rely upon.
Can they turn that funnel inside out?
Art: His Master's Voice by Francis Barraud
Today I’m ranting a little, but I figure you know me well enough by now, you can take it.
Here’s the deal: I don’t like the fact that you have to “build a platform” these days, any more than you do. But I get weary of writers complaining about it. I get frustrated by hearing that publishers are “abandoning writers” and “bringing nothing to the table.” I know it’s hard to market your books — I feel your pain — and yet I dislike it that people saying that publishers are shirking their duties by “leaving it all up to the author.”
REALITY CHECK:
Publishers did not create this brave new techno-world we live in.
It is not the publishing industry that has created this society of ubiquitous electronics, Internet noise, YouTube, X-Box, Facebook, Twitter, Instagram, Pinterest, Vine, and the decline of reading. It is not the publishing industry who put a computer in more than half of all American households, allowing millions of folks just like yourself to write books they want to sell.
It is not the publishers who brought our society to a place where it’s no longer possible to “market” books the old-fashioned way. It’s not the publishers’ fault that average human beings everywhere are being bombarded with literally thousands of pieces of information every day, making it more challenging than ever to draw a person’s attention to one little book.
The fact is, publishers are doing everything they can dream up, and everything they can afford, when it comes to marketing books. They have the same limitations you do: Time and Money. But they’re coming up with new ideas and innovations all the time.
Publishing is an “old world” industry, figuring out, day by day, how to thrive in this “new world.” We all face these challenges together. We all have to figure out how to get people to want to read our words… to want to PAY to read our words. We all have to figure out how to get our books to rise above the “clutter” and get the attention of readers who are willing to pay for them.
Those of you who find yourself bemoaning that “writers are expected to do everything” and concluding “we might as well self-publish” — perhaps the self-publishing route will work out better for you. For certain kinds of books and certain authors, it’s working out great. Give it a try!
But I want to point out that publishers are still in business because of the value they bring to the table — not just in marketing but in every aspect of the editing, production, and selling of books. It is harder these days to sell books than ever before, yes, but publishers are more than just a business selling widgets, they’re entities who take seriously the responsibility of preserving and disseminating the written word. And so publishing persists, despite the challenges, despite our changing world.
Part of the value publishers bring is a sense of history, a sense of tradition and permanence. Many authors still want to be a part of that. It’s about great stories and important thoughts. It’s about legacy. It’s about a dream. People in publishing still see this dream as worth it. They’re willing to swim against the tide because publishing isn’t just a business, it’s a life, it’s a calling, it’s a passion.
To all writers who believe in the dream, who have the passion, who feel called to the legacy — I’m right there with you, and so is everyone else who has staked their livelihood on this crazy, unpredictable, totally unrealistic business called publishing. Thanks for being here, and hanging on for the ride. To those who are frustrated by the ways it seems publishing can’t meet your expectations, I commiserate with you and I apologize that things aren’t the way we wish they could be.
To each and every author, I sincerely wish the very best for you as you seek your own way of getting your book to its intended audience. I am doing my best to be a positive and helpful part of this process.
Are you in it for the legacy? Or something else?
Comment below or by clicking: HERE.
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The post The Brave New World of Publishing appeared first on Rachelle Gardner.
Hachette publisher Michael Pietsch gave an interview with NPR recently where he said
we're in golden age for traditional publishers:
I think we're in a golden age for books — reading, writing and publishing. And the ways that publishers can work to connect readers with writers now are the kinds of things that publishers have dreamt of doing since Gutenberg first put down a line of type.
The full interview is worth a read/listen.
Do you agree? Is this actually a golden age for publishers?
Art: Interior of a Gothic Church by Pieter Neefs
One of my favorite predictions I have put down on pixel and screen is
this one from 2007, when the Kindle had just been announced, e-book sales were virtually nonexistent, and the iPad was but a glimmer in Steve Jobs' eye:
In my opinion there will never be a widely used iPod of books, a device that people buy specifically for books -- e-books will take off when they can be easily downloaded and easily read on a device like a larger iPhone-of-the-future, something people already have, which evens out the economics since you don't have to plop down a significant chunk of money before you even buy a book. This would give e-books the decisive edge in economics, which might just tip the world of books toward e-books. Until then? Printed page for most of us.
I would argue that this is pretty much what has happened in the last six years. Yes, Kindles have sold pretty well and you see them around town, but they're nowhere near the ubiquity that iPods were in the mid-2000s. Print is still a majority even as Kindle prices dropped below $100. We haven't yet reached a majority e-book world, and it's still "printed page for most of us," as the last paragraph suggests.
And yet... I'm actually a little worried about this prediction.
The second part of the prediction is that e-book sales would reach a majority when most everyone has a "larger iPhone-of-the-future," aka an iPad, iPad Mini, Nexus 7, Kindle Fire, Nook HD... you get the picture.
We're almost there. There are now tons of tablets in the world. Apple sold 22.9 million iPads
in the last quarter alone (link is to CNET, I work there, opinions here are my own).
Some people, including Nicholas Carr in the previous link, see the leveling off of as proof that people are simply still attached to print books. I don't doubt that this is the case for many people.
My fear is that books are losing ground to other forms of handheld portable entertainment. Tablets should make it easier for people to read more because there is no delay between deciding you want to read something and being able to read it. It's (usually) cheaper to buy e-books. But that doesn't seem to be happening at the moment.
And this is where publishers have to realize that they are not competing against just books anymore when they're setting e-book prices.
Basically: Buy a new e-book for $11.99 or buy Angry Birds for $0.99? If you want to be entertained for six hours while you're commuting and you're cost conscious, that extra $10 goes a long way, and it adds up quick when you're talking about buying multiple books over time.
E-books have to be priced in a way that makes sense relative to its competition. They're not simply competing against other books anymore, they're competing against very very cheap (or free) forms of entertainment on the same device. Books and magazines aren't the only game in town for portable entertainment anymore.
I don't think the book world should be patting itself on the back that e-book sales have slowed. Yes, print books will absolutely still exist and people are still attached to them. But if people aren't reading books on tablets the book world will be in serious trouble as tablets become still-more ubiquitous in the future.
Art: Take Your Choice by John F. Peto
A debate has ignited in the bookosphere after news surfaced that Amazon had applied for a patent on technology that would
let people sell "used" e-books through Amazon.
Author John Scalzi initially
reacted harshly: "I’m awfully suspicious that it means nothing good for writers who want to get paid for their work using the current compensation model" and then reacted even
more harshly: "I would rather you pirate the eBook than buy it used."
Consultant Mike Shatzkin rightly cautioned that just because Amazon has the technology
doesn't mean they're going into this business, and at TeleReads Marilynn Byerly notes that a group called the Owners Rights Initiative is
fighting to give digital owners the rights to resell digital works.
For me personally, it's hard to wrap my head around what a "used" digital files even means. A digital copy does not get worn, the pages don't yellow over time, there are not dog-eared corners. A "used" digital copy is exactly like a brand new digital copy. The idea of "used" digital anything is pretty meaningless.
While details have been somewhat scarce on the specifics of the technology Amazon possesses, what I'd guess it involves is the ability to transfer the ownership of a single digital copy from one person to another, deleting original copy so ownership is only retained by one person. When I'm done reading about the fiftieth shade of Grey, I can sell the copy to someone else and I no longer have access to it.
So. In this new world you would have "new" e-books for sale alongside "used' e-books, only the two are completely indistinguishable from one another. But the "used" e-book would inevitably be cheaper, because the seller is more motivated to sell. If I'm done reading something, I'm willing to take less than I paid for it if only because I want to ensure I get something back. It's no skin off my back to undercut the list price.
Authors and publishers are not currently compensated for used e-book sales, and if that paradigm were translated into the "used" e-book world, they would be undermined by
completely identical and cheaper copies for sale alongside their "new" e-books. It's hard to imagine any scenario other than the pie shrinking even further for authors and publishers.
And yet... There are
plenty of people who want to do away with DRM and sharing speed bumps entirely, which would make it
extremely easy for people to sell or share their "used" e-books with anyone who wants it, whether that is a personal friend or someone they've met in a discussion forum or anywhere else on the Internet. People who are opposed to a used e-book paradigm should consider that one alternate scenario is one where non-DRM'd books are running rampant throughout the Internet (or rather, even more than they already are currently).
Lots of readers have been rankled by the fact that when you buy an e-book you don't have the same rights and flexibility as you do for a print book. It's hard to give it away and it's impossible to resell it. It's a license, not true ownership. It's frustrating when you just want to pass it on to a family member or friend like you can a paperback.
It's always seemed to me that the realities of digital publishing should account for the difference in physical form. Digital copies are fundamentally different than print copies, and arguing that we should treat them with the exact same rules strikes me as disingenuous. We have to strike a reasonable balance between the convenience of consumers and fairness to content creators.
Is a "used" e-book marketplace the right way of striking that balance? I'm not sure. A mechanism for transferring ownership of an e-book on a one-to-one basis is appealing, and as a reader I think I might like to have that option. I'd like it even more if authors were compensated for resales.
It's certainly not the worst solution I've ever heard. What do you think?
Art: "Novgorod Marketplace" by Appolinary Vasnetsov
After many
many delays and
much speculation, a joint venture called
Bookish was launched by Penguin, Hachette and Simon & Schuster.
(Disclosure time: I work at CNET, which is owned by CBS, which is the same parent company of Simon & Schuster. I'm also published by Penguin. All opinions expressed here are my own, and I don't have any insight into Simon & Schuster operations.)
Bookish is a site where you can save books to shelves, rate them, get book recommendations, read some original content, and, very significantly for publishers, buy books directly from the site in various formats. This is a big step for the major publishers into a direct to consumer vertical.
Right now the site feels like it's in beta. There seems to be social sharing built in but I wasn't able to get it to work yet, and even after adding books to my shelves I'm actually still not sure how to get recommendations except by just adding books to a very specific recommendation engine. There's nothing along the lines of Netflix's recommendations based on the things you've rated and told the site you want to read (at least, not that I've been able to find, and I suppose this could be coming).
I've been waiting for this site for quite a while, and had some conversations with people familiar with the direction of the site as it was being developed. Now that I've explored a bit and taken a look, I definitely think Bookish has promise. The design feels polished, the checkout path feels smooth, and I do think there's some value in a good recommendation platform.
But the concerns I had as Bookish was being developed remains. Basically: How often does someone need to visit Bookish?
Aside from the original content, unless you actually need a recommendation for a book or find the book buying process superior there doesn't feel like a specific reason to visit the site. How often do you find yourself needing a recommendation for a book? Maybe a couple times a year? And even if you do want a recommendation, is this where you'll seek it out? And if you want to buy a book, isn't it already easy to buy it through existing channels?
Perhaps more importantly, in the social book recommendation sphere, sites like Goodreads had a major head start and is
growing in popularity. And it's done this by being a fun part of the entire reading experience. In addition to saving and rating books, which you can do on Bookish, on Goodreads you can track your progress, organize your books into shelves, and there's a seamless experience for sharing to Facebook.
But the crucial part of Goodreads is that it's social. I can see what my friends are reading and they can see what I'm reading, which is extremely fun. Shelves are conversation starters. It keeps me coming back to the site.
I don't see a similar reason to return to Bookish. As a platform it has promise. But unless they can find a way to become indispensable to readers it's hard to see it as a game changer. I'm not sure what will prompt me to return.
My feeling: Bookish could become the basis for a Hulu for books, a place where readers can gain access to exclusive e-book subscription plans or be a place for exclusive free content. They could really leverage the participation of the publishers. Right now it doesn't feel geared toward that, but the platform is there.
Or perhaps Bookish could finally be the place for something readers have clamored for forever: Bundled print and e-book editions.
Whatever it is, it seems to me that while it's a good first effort, the site needs another killer ingredient.
What do you think? Have you tried out Bookish and what do you think it should be?
E-book growth
may be slowing, but that doesn't appear to be making a dent in the viability of large chain bookstores.
Barnes & Noble reportedly
plans to close a third of its stores over the next decade (link is to CNET, I work there proudly). That amounts to 20 stores closing a year over the next 10 years.
I've written in the past about how I found it likely that
chain bookstores would go the way of record stores into obsolescence, even as smaller, independent bookstores still plug on into the new era. This development is a reminder that it won't take 100% e-book adoption to threaten the viability of brick and mortar stores.
And these closures could further speed the adoption of e-books as people lose their bookstores and are forced to find their books elsewhere.
The publishing landscape is going to continue to shift very dramatically over the next decade. What do you make of this news? Are you ready for the new era?
Art: The Bibliophilist's Haunt or Creech's Bookshop by William Fettes Douglas
For the first time ever, actual science can be derived from reading habits.
Thanks to e-books, companies like Amazon and B&N now know
whether people are actually reading the e-books they buy. Better yet, they even know where in books people are leaving off, which books are most likely to be read all the way through, and the speed people are reading them.
As
Mike Shatzkin points out, this is important knowledge that the e-booksellers have and publishers do not. It could be more important to know whether people finish a bestselling book than how many copies it sells. If people stop reading and start reading something else instead, it could be a sign people might not be as enthusiastic for that author's next book. And if people read something very quickly it could be a sign of enthusiasm.
The possibilities don't stop there. Could authors improve if they knew at which spots in their book people are dropping off?
Needless to say, this frontier is not without its controversy. Readers may not like to have their e-reading habits snooped, even if it's done anonymously. Authors may be frustrated to be confronted with yet another backwards-looking tool that can pigeonhole them based on their past books without considering whether the new one is really good. And publishers may be frustrated that Amazon and the other e-booksellers possesses this competitive advantage.
I'm excited to have any new insight available, provided this information is made available to authors. It hardly seems fair if this information is hoarded by the e-booksllers if it's being used to make decisions about whether and how an author is signed or promoted. And, of course, care must be taken to ensure that reader privacy is protected.
What about you? Would you want to know where people are leaving off in your book? Is this new technology exciting or intrusive?
Art: The Librarian by Giuseppe Arcimbolo
The barbarians have already demolished the gates.
Anyone who wants to make a movie can upload it to YouTube. You don't need a movie studio.
Anyone who wants to record an album can get it in iTunes. You don't need a record label.
Anyone who wants to be a journalist can start a blog. You don't need a newspaper.
And, of course, anyone who wants to write a book can self-publish it. You don't need a publisher.
We used to live in a world of funnels that were driven by physical constraints. There are only so many books that can physically fit in a bookstore, therefore it only made economic sense for a certain number of books to be published a year, therefore there was a winnowing process that involved a huge amount of hoop-jumping and elimination.
There is no limit to the number of books that can be for sale online. Now the only winnowing process happens when readers themselves decide what they're going to read from almost infinite choice.
There are few gates left anymore, but there are still influencers, people who can persuade others to buy a book or consume a movie or listen to music.
On the big end of the scale you have people like Oprah and other celebrities, who can single-handedly turn a book into a bestseller. In the middle you have bloggers and reviewers, who can persuade hundreds or maybe even thousands of people to buy something.
And on the vast bottom of the scale you have individuals, who can maybe persuade a couple of their friends to buy something, but who collectively wield the greatest amount of power.
It's not as important to scale the gates as it used to be. Popular books are coming out of nowhere like never before.
Still, just because an unknown book and
Twilight are for sale in the same store doesn't mean they have an equal shot. As I've written in the past,
not all chances are created equal. There are still going to be people who wield outsized influence, and access to those influencers can help determine a work of art's success.
Power is decentralized from a central institution to thousands and thousands of individual power centers.
Now instead of scaling the gates, will it help to get in with the influencers?
Art: The Siege of Malta by Matteo Perez d'Aleccio
When we talk about e-books, we mainly think of them as rough, imperfect translations of a paper book. The illustrations within a paper book go straight into the e-book, and while interactive e-books exist and offer some intriguing potential, they haven't yet gone mainstream.
There was another time in another medium where there was a new innovation that afforded new possibilities, and that was color coming to movies. It was initially an expensive novelty, but even after it grew more affordable, "serious" movies were mainly still in black and white. People still associated black and white with newspapers and newsreels, and it lent a more "realistic" look. It wasn't until decades after the introduction of color that it became truly mainstream.
Now it's black and white that's the novelty. It's a nostalgic throwback. And sure, many of us love old movies, but it would have seemed strange if James Cameron had tried to make
Avatar in black and white.
There is a world of possibilities afforded by the format of e-books on tablets. Books could be colorful, interactive, three dimensional. Imagine the ease of a hyperlinked choose your own adventure novel (no more having every finger stuck in the page) or instructional videos within a cookbook. A lot of this already exists on tablets. Who knows what's next? What about a book that interacts with your TV to cast spells? Oh yeah,
that exists now too.
Right now these are novelties, tablet adoption hasn't yet gone truly mainstream, and we might even feel they cheapen the experience or transform it into something other than a book. But will there be a
Gone With the Wind or
Wizard of Oz that pioneers the new mold, goes mainstream, and shows people what is possible?
Can you envision a time when it will seem strange to kids that old books are just, well, black and white?
Art: Saint Hieronymus - Follower of Joos van Cleve
Last month, agent Rachelle Gardner posted about supposed fear among literary agents. The title:
Are agents running scared?No doubt the publisher industry is changing quickly. While the pace of e-book change may be slowing, self-publishing is continuing its ascent and the role of agents is ever-evolving.
So are agents going away? Should they be worried?
In her post, Rachelle concluded that even if the specific roles of agents change, the ones who are flexible will adapt right along with the industry. I've elsewhere argued that agents
are far more than just gatekeepers and will
negotiate with whomever is left to still negotiate with even when the gates are down.
But maybe the change will be more drastic than that. Could agents disappear entirely, or at least morph into an unrecognizable form? Are their days numbered?
What do you think?
Art: Self-portrait - Pieter van Laer
Whew! Lots and lots of links to share with you from the last few weeks, so let's get straight to it.
Very sad news as one of my very very favorite writers as a child, and then one of my very very favorite writers I had the privilege of working with in the publishing industry, passed away recently. Jean Craighead George was the author of Julie of the Wolves and My Side of the Mountain, and a seriously wonderful person. She will be very very missed.
Some serious news from a publisher as Houghton Mifflin, saddled with debts and liabilities of over $1 billion, filed for bankruptcy.
You may remember a few months back when I featured a video by a web travel show I had come across by Sonia Gil. Well, we can now say we knew her when because she just won a Webby Award for Best Web Personality/Host. Congrats, Sonia!
Have a self-published novel and want it to get stocked by a bookstore? Might be helpful to see how things look from the other side. Here's a guide to stocking self-published novels... for booksellers (via The Millions).
The Fifty Shades of Grey trilogy has sold 10 million copies in 6 weeks. Holy. Crap.
Industry sage Mike Shatzkin wrote an open letter to the DOJ about the collusion lawsuit and settlement, raising some objections on technical grounds. I feel like there's been a whole lot of mud flung against people who are opposed to the lawsuit, and everyone would do themselves a favor by absorbing this letter and seeing that, agree or disagree, there are very intelligent reasons why some people are opposing the lawsuit and settlement.
Several different articles lately have tried to get to the bottom of why literary fame is so unpredictable. The New Yorker sums it up.
My former client Jennifer Hubbard wrote an awesome guest post for Cynthia Leitich Smith on the power of the walking writer.
Self-published author seeks agent. What is an agent looking for? Rachelle Gardner breaks it down.
Author Barry Eisler has been a bit of a lightning rod lately with his decision to go to Amazon to publish his next book and his outspoken opinions on traditional publishing. Editor Alan Rinzler has a comprehensive post on what writers can learn from him.
Remember how Google scanned all the books in the world and there has been a lawsuit against them that has been pe
As you may have noticed from my gazillions of posts about the wonders of e-books and the future of publishing, I'm a rather relentless techno-optimist. I think the future is going to be better than the past, and I believe having more books out there in the market is a decidedly good thing. I'm counting down the days until there's an invention that allows us to read five books at once.
At the same time, along with technological change comes major disruptions, and change is never even. There will inevitably be institutions and ways of life and old habits and jobs that will go by the wayside to make room for what's to come. Even if things are better on the whole (and I really do think they will be), there are going to be good things that are lost as well.
So I thought I'd devote a post to what I personally think are some of the biggest challenges for publishers, agents, authors, readers, and bookstores.
Publishers: RelevancyIn the old era, only major publishers had the infrastructure to get books to readers. You
had to go through them to reach readers in large numbers.
In the e-book era, that necessity is no longer going to be there, and the distribution advantage that publishers have enjoyed for a couple of centuries will be severely, if not completely, eroded. All of a sudden authors, big and small, are going to have the option of going it alone if they want to, and the value proposition that publishers provide is not as clear-cut.
I don't think publishers are going to disappear entirely, and the
package of services they bring to bear to produce a book is still unmatched. But if bestselling authors begin setting off on their own with regularity, it's going to have major ramifications for publishers' size and profitability.
Agents: StandardizationI don't think agents are going away. You know that phrase about how a combative person could start a fight in an empty room? Well, agents could start a negotiation in an empty room.
I personally think the biggest threat to agents isn't a decline of publishers - as I say whenever I'm asked, agents will negotiate with whomever is still around. As long as there are authors and readers, there will be someone getting the books to the readers, and authors will need agents to negotiate with those someones. And even in an era where agents aren't the gatekeepers to the literary world,
they'll still have a role.
So what's the biggest threat to agents? I think it's standardization of terms.
Apple's iTunes and App stores have been revolutionary in many respects, but perhaps the most revolutionary is the one-size-fits all 70/30 revenue split for all apps. Big, small, it's 70/30. That 70/30 split is so powerful it even caused major publishers to adopt the model across the board for e-books.
If, hypothetically, advances largely go by the wayside and authors of the future are simply offered the same revenue split as everyone else and there's no room for negotiation, agents may be necessary for only the biggest authors.
Bookstores: SurvivalWhen bookstores are already struggling and facing a looming mass conversion to e-books, it doesn't take a genius to see the challenges t
Harry Potter and the Deathly Hallows is the last tome of a hardcover that I lugged around on vacation. It took up seemingly half my suitcase and weighed a ton, but because it wasn't available in e-book form and because I don't believe in piracy, I carried that thing across the country.
Now I'm thrilled to have the entire
Harry Potter series resting weightlessly within my iPad.
As you have likely heard,
Harry Potter is available in e-book form. And not just in e-book form, but available
only through
Pottermore, the digital extension of the
Harry Potter brand. No other e-book vendor has it for sale, including the e-book behemoths like Amazon, B&N and iBooks. And the e-books are published by Rowling herself.
Yeah, wow.
Why This is a Big DealJ.K. Rowling just did an entire end-around on the entire publishing world in many, many ways.
Most of the focus has been on how these are for sale only from the author, and rightly so. Even Amazon is playing ball, listing the books for sale but
referring people to Pottermore to make the purchase.
And the manner in which these e-books are being distributed is revolutionary. They're being sold
without DRM but with digital watermarks to guard against piracy. Each purchaser has 8 digital copies they can download in various formats, and it's very easy to convert to the most popular devices. I had the e-books on my iPad within minutes.
The approach to DRM is, ironically enough, extremely similar to my earlier post on what good
a good approach to DRM would look like - you can convert the files to any device and you have a sufficient number of copies for yourself and others... Only there's no DRM. Ha! 10 points for Gryffindor.
So let's talk about this. No publisher. The author as e-distributor. No DRM.
Should the e-book big boys be shaking in their boots? Could authors and publishers play on their own in a world where they
don't actually have to sell through Amazon?
Rowling has certainly woken people up to this possibility. After all, in a Google world do you really have to have a central vendor? If people go looking for a book can't they get it just as easily from going to the author's site as they do from Amazon or iBooks?
Did the game just change for everyone?
Why This Isn't a Big DealMy opinion? Yeah... not so much.
There is basically one author in the world who can pull this off. And she's the one who is doing it.
Okay, there may be a few more. But in order for this to work in 2012, an author has to build an entire distribution platform themselves that is compatible with different e-book formats. They have to draw people to that site and handle financial transactions and customer service and all the other million things that go along with selling stuff. It takes massive scale.
If I were to try to pull this off as a self-publisher, even on a smaller scale, I'd still miss out on being discovered by people who hadn't heard of me but were recommended within the e-book stores, where the majority of people will be looking
by Scott Rhoades
If you're a writer, you know how popular you are at cocktail parties because of the vast stores of knowledge in your head. You also know how much mail and e-mail you receive from people seeking enlightenment.
You also know that the above paragraph describes one of your fictional worlds.
In reality, you know all this stuff, or have read interesting information, and you wish people would ask you the right questions, so you could share your knowledge. But you're holed up in your writing room, counting paddle ball hits while you avoid writing, so nobody ever does.
One of the great influences on my own writing, a brilliant columnist for the local paper where I grew up, the late Ray Orrock (that's his picture over there), used to occasionally write columns full of answers to questions he wished people would ask. I'm going to borrow a page from his legendary act.
So here, now, are some insightful answers to questions I'll never be asked, from my mailbag that's always empty.
Dear Mr. Roach: Love your blog and read it at least a couple times a year. Here's my question. My writer's group always says my stories need more emotion, but where I come from, we hide our feelings. I'm not even sure what emotion is. Where can I learn more about emotions? --Bob, from La Verkin.
Dear Bob from La Verkin, I'm glad you asked. I recently found a web page (you do have Internet down there in La Verkin, I trust) that discusses several emotion models, and how different emotions relate to each other. Although good writers don't actually name the emotions their characters are feeling, it's good to know which emotions are available to them. http://www.deepermind.com/02clarty.htm is a good place to start.
Hey, Rotz-Dawg, I have a question por voo, see voo play. I want to write a book and I have lots of idea, but I can never seem to get started. Do you have any suggestions? -- Stan the Man from LeVan.
Dear the Man, you are not alone. Most people with an idea for a novel or story never start. But I'll assume your problem is that you're just not sure how to to start, and not that you like the idea of writing better than actually doing it. The best thing to do is just start. The beginning of your story is the part that will probably be rewritten the most, so don't let a bad beginning stop you. Just get something down, and get going. Or, you could do as the good folks at The Writer Magazine suggest in this week's writing prompt, and begin at the end.
Mr. Rhoades, This letter is to inform you of a pending law suit--
Wait. How'd that one get in here? Next.
Dear Mr. Rose, You know all, so I thought I'd ask you before I asked anybody else. What is the future of publishing? P.S. Are you related to Pete Rose? Phyillis, from Flowell.
Dear Phyllis, if I were a betting man, I'd bet that I'm not related to Pete Rose, since we don't have the same last name. I'm Rhoades, not Rose. As for your question, there's lots of hand-wringing these days about the death of publis
It's difficult to overstate how big of a deal it is to bookselling culture that the Department of Justice is reportedly
planning to sue five publishers and Apple for colluding over e-book prices*.
In order to understand
why this is a big deal, here's a brief recap of what led us here (this summary is described in greater detail in my post
Why Some E-Books Cost More Than the Hardcover).
Wholesale vs. AgencyAt the time Amazon kicked off the modern e-book market with the introduction of the Kindle, e-books were sold according to the traditional wholesale model. Essentially, publishers set a cover price and they got half, the bookseller got half. If a book was listed at $25, publishers got $12.50 on an e-book sale, the bookseller got $12.50.
Problem was from publishers' perspective, Amazon was selling some e-books at $9.99 and taking a loss on those sales, all the while locking readers into their proprietary format. Not only did this devalue what consumers felt a book "should" cost, publishers were worried that competitors wouldn't be able to enter the e-book space because they wouldn't be able to compete with Amazon's prices. No competitors would mean a virtual monopoly for Amazon, and publishers were presumably concerned about Amazon's ability to then dictate terms.
Along comes Apple and the iPad. Steve Jobs talked the publishers into the agency model - publishers set their own prices and they get 70% of the proceeds.
The irony is that the agency model actually meant publishers received less money per copy sold. Napkin math for wholesale: $25 cover price, they got $12.50. Agency: Price that e-book at $14.99 and they get $10.50.
Publishers then turned around and imposed that agency deal on Amazon, which is the subject of the DOJ investigation. The end result: There really is more competition in the e-book world, but prices are higher than they likely would be if Amazon and others were able to discount as they saw fit.
Competing on PriceI don't presume to know what the end result of the current discussions will be and it appears that there are a range of possible outcomes. But if it ends up meaning the end of the agency model this will have massive, massive repercussions across the book business.
Up until now, conscious or not, consumers have grown accustomed to the idea that e-books cost what they cost. The decision of what e-reader to buy or which app to read on has largely been driven by user experience preferences.
Do you like the feel of the nook? The ease of the Kindle app? The pretty iBooks page animation? Those are the decisions people have been basing their decisions on - the reading and buying experience.
But if the agency model is dismantled in whole or in part and Amazon and others can go back to pricing as they see fit, suddenly
price is going to be at the forefront of consumer choice.
It doesn't take a genius to see that Amazon and their deep pockets are going to have a big advantage in that environment.
Who wins?The irony of returning to the wholesale model is that publishers may actually make more money per e-book copy sold even as prices go down for consumers.
This sounds like a win win for publishers, but it ignores the big losers: traditional bookstores, wh
There were two dueling posts in the Internetosphere about Amazon and independent bookstores yesterday that took vastly different approaches to the value of bookstores and Amazon to literary and reading life.
First, in a provocative broadside against bookstores called "
Don't Support Your Local Bookseller," Slate's Farhad Manjoo tackles what he sees as misplaced nostalgia for bookstore culture, the economic efficiency of Amazon, and argues that selling boatloads of books (which Amazon does) is more important to literature culture than setting up folding chairs for book readings:
It’s not just that bookstores are difficult to use. They’re economically inefficient, too... I’m always astonished by how much they want me to pay for books. At many local stores, most titles—even new releases—usually go for list price, which means $35 for hardcovers and $9 to $15 for paperbacks. That’s not slightly more than Amazon charges—at Amazon, you can usually save a staggering 30 to 50 percent. In other words, for the price you’d pay for one book at your indie, you could buy two.
I get that some people like bookstores, and they’re willing to pay extra to shop there... And that’s fine: In the same way that I sometimes wander into Whole Foods for the luxurious experience of buying fancy food, I don’t begrudge bookstore devotees spending extra to get an experience they fancy.
What rankles me, though, is the hectoring attitude of bookstore cultists like [Richard] Russo, especially when they argue that readers who spurn indies are abandoning some kind of “local” literary culture. There is little that’s “local” about most local bookstores... Sure, every local bookstore promotes local authors, but its bread and butter is the same stuff that Amazon sells—mass-manufactured goods whose intellectual property was produced by one of the major publishing houses in Manhattan. It doesn’t make a difference whether you buy Walter Isaacson’s Steve Jobs at City Lights, Powell’s, Politics & Prose, or Amazon—it’s the same book everywhere.
In the other corner you have Bookavore, the manager of indie bookseller
Word Brooklyn, who has... well, pretty mild-mannered words for Amazon and a list of ways she feels they could
be a bit less evil:
I don’t want to make lists of the reasons why Amazon sucks because I feel like I’m handing them a blueprint for rehabilitation.Many people want so, so badly to like Amazon, and many people already do. (See: comments sections on any article talking about Amazon.) Any effort they made towards making the world a better place would be embraced wholeheartedly by consumers and publishers, who mostly, when it comes right down to it, just want things to be con
The leaves are changing, Christmas music is in the air, and it's time for our annual e-book poll, which I have held every year since 2007.
Which means this is the FIFTH ANNUAL e-book poll. Wow. Thanks to everyone who has been around for all five.
Let's get the disclaimers out of the way: Yes, I'm aware this isn't the most scientific of polls. Yes, the sample has changed from year to year. Yes, there are two polls from 2009 because I forgot one at the end of '08. Entertainment purposes only!
Here are the past polls:
2007
2008 (technically beginning of '09)
2009
2010
And here is this year's poll. Do you think there will come a time when you buy mostly e-books? Do you already? Click through for the poll if you're reading via e-mail or in a feed reader:
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This week, we're shining the spotlight on another one of our Place of the Year 2015 shortlist contenders: Cuba.
The post Place of the Year 2015 nominee spotlight: Cuba appeared first on OUPblog.