Ideal e-Book Reading Device
Posted on July 27, 2010
It’s increasingly evident that book publishing is undergoing a fundamental transformation. First, for two-and-a-half years Amazon.com pioneered the e-book market toward critical mass, largely keeping industry statistics to themselves. Second, the March iPad launch accelerated matters by initiating an irrevocable chain reaction that has only just begun. Cascading new developments seem to materialize monthly, if not faster.
For example, by unit volume June e-book sales at Amazon.com were eighty-percent greater than hard covers. Earlier this month notable authors such as Pat Conroy and Philip Roth contracted with powerful agents to publish their pre-Internet-era novels as e-books. The arrangement circumvents traditional publishers and increases author royalties. Simultaneously e-book reading devices are proliferating and prices are dropping. Visiting a typical Barnes & Noble store symbolically underscores the magnitude of change. As the leading terrestrial book chain few companies could be more dependent upon physical book sales. Nonetheless, each store now normally exhibits the Nook electronic reader prominently at the entrance. Read more…
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Selling e-Books as Agent
Posted on February 17, 2010
Phil Leigh
Amazon’s grudging agreement to act as agent when selling Macmillan e-books next month has important implications.
An agent is a business partner. However, Macmillan’s partnership notion is not fifty-fifty. The publisher concludes that they contribute more than twice the value of Amazon by taking 70% of the sales price for themselves and leaving only 30% for the online merchant.
There could hardly be a better example of irony considering that the 167-year-old publisher never found enough time to develop an e-book business on its own. Instead, 14-year-old Amazon.com invented the Kindle. To date Amazon has done more than any single business to launch the entire e-book industry, yet it gets the short end of the stick. Read more…
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A Christmas Lesson for Publishers
Posted on December 19, 2009
Santa Claus
One February night in 1938 Philip Van Doren Stern had a dream. The 38 year-old published historian also had a deep interest in fantasy and the macabre. As with most dreams his morning recollections were vague and conflicting. It had something to do with a man who had never been born, or wished he had never been born.
Stern decided to write down his recollections. A narrative began to take shape and with later revisions became a short story he titled The Greatest Gift. It was a simple celebration of things taken for granted. Read more…
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