expr:class='"loading" + data:blog.mobileClass'>

Pages

Showing posts with label Jeremy Greenfield. Show all posts
Showing posts with label Jeremy Greenfield. Show all posts

Thursday, May 30, 2013

Do We REALLY Need the Publishing Industry?

Sylvia Day - Successful
Hybrid Author
{EAV:05425bf9fd9e48a6}

Sylvia Day, the very successful hybrid author, thinks so. In an interview with Jeremy Greenfield she said "the world cannot survive without the publishing industry."

Why would a successful hybrid author (self-published AND traditional-published), say that? Why would she want to put up with the TP snail-paced, undermanned and generally inefficient business model after experiencing success doing things on her own - much faster?

Well the truth is, according to my own humble opinion, she does NOT think "the world cannot survive without the publishing industry."

She meant to say "the world cannot survive without "a" publishing industry. A huge difference. The difference between "the" and "a" is the same as between broken/inefficient and improved/competitive/viable.

Am I putting words into Ms Day's mouth? Perhaps. But, maybe not. You decide from reading the following interview (with links) in Forbes.com:


What Publishers Need To Do In The Era Of Self-Publishing

According to best-selling hybrid author Sylvia Day (Bared to You and over 40 other published works), “the world cannot survive without the publishing industry”

Perhaps a confusing message coming from one of the pioneers of self-publishing success. Day sold hundreds of thousands of ebooks self-publishing titles that had previously been published by traditional publishing houses and also creating original works. She moved more than half-a-million copies of Bared to You, the first book in her successful Crossfire series, before selling the rights to Penguin. The series has gone on to sell nearly nine million copies in all formats and the upcoming title, Entwined With You (out June 4) has already pre-sold a million units.

Still, despite her enormous success doing much of it on her own, Day sees the publishing industry as a necessity today for several reasons:

1. Provides a print distribution channel for books: “The publishing industry provides a viable channel which enables a wide distribution of books that we’re not seeing in any other way. Unfortunately, self-publishing doesn’t have that…. The paper book is still alive and well. It’s still there but getting to that requires a distribution network that we don’t have yet for independent.”

2. Not all books deserve to be published and widely distributed for mass consumption (despite that the tools now exist to make that a reality for many authors): “Some of the gatekeeper functions that we have in New York are also important.”

3. Foreign sales may be dependent on a publishing industry to manage the complexity of licensing, distributing and marketing overseas: “And because of foreign sales – they are still dependent on how books perform in the U.S. As the foreign market opens – and it is opening – a lot of publishers need to have a U.S.-based partner in order for them to adequately market titles in their territory.”

4. Last but certainly not least, the people: “I’ve worked with 12 different publishers and have worked with some of the best people in the industry. These people are repositories of information about books and the industry, likes and dislikes, and you need that vibrant community. Booksellers tie into this of course.”

Related: Q&A With Hybrid Author Sylvia Day

Read and learn more

The Writers Welcome Blog is available on Kindle :)))










Thursday, April 11, 2013

Ebook Growth Down in 2012 - What Does It Mean for Publishing? - Inside the Numbers


Do you know what the hell
is going on with ebooks?
The Association of American Publishers (AAP), who has been tracking ebooks since 2002, reported the dip in 2012 ebook growth. Growth in 2012 fell to 41% --- You don’t say? Well damn, whoopee do, what’s the big deal?

The big deal is ebook growth for the past three years has been in the triple digits!

Now, a 41% growth in any other industry would be astronomical--- but, not in ebooks with three years of sustained triple digit jumps. So, what does this mean for the publishing industry as a whole?

An interesting question with some even more interesting forecasts and analytical numbers --- which tonight’s post will get into with this insight from Jeremy Greenfield reported in Forbes:

Ebook Growth Slows in 2012 to ‘Only’ 41%; What Does It Mean for the Publishing Industry?


According to the latest numbers from the Association of American Publishers,revenue for ebooks for some of the biggest categories grew by 41% in 2012. Ebooks now account for 23% of trade publishing revenues.
In any other industry for any other business, this would be eye-popping growth. For the world of ebooks, it represents a significant slowdown from years past.
The AAP has been tracking ebooks since 2002. That year, ebooks represented 0.05% of all trade publishing revenues. To get to the current 23% number, the biggest gains were made in 2009, 2010 and 2011, the years immediately following the 2007 launch of the Kindle. In 2008, ebooks were 1% of publisher revenue. In 2011, they were 17%. Those were the years of triple-digit growth numbers, a trend publishers thought would continue until ebooks were at 50% of revenue or more.
But in 2012, according to these new numbers, growth in ebooks has hit an inflection point in the U.S. Of course, that’s on a larger base. Adult fiction and nonfiction, children’s and young adult and religious ebooks raked in more than $1.5 billion in revenue last year. That number is sure to increase in 2013, but by how much?
The growth rate of ebooks between 2011 and 2010 was a bit over 100%. If the growth rate in 2013 is similarly cut down to size as it was in 2012, my guess is that it will be in the 18% to 20% range*. If that happens, we’ll be looking at a $1.8 billion industry next year.
Regardless of how much ebooks grow this year, the fact is they probably will grow, but slower than last year. So, what does that mean for the publishing industry?










Wednesday, March 13, 2013

A Legal Used Ebook Market? Who Would This Screw the Most?

Used ebooks may
be a coming
Who do you think would get screwed over the most if the powers that be navigated the legal maze, ironed out the fine points and actually established a used ebook market?

Make no mistake about it, selling used digital books commercially is not legal now.

Contracts, copyrights, digital rights, royalty splits, etc. have not been worked out yet --- Hell, these documents and agreements are barely in place for new digital content.

Readers (consumers), publishers, authors, retailers, etc. would all be affected --- but, who would probably take it on the chin the most?

You might be surprised. Maybe no one if they get the right negotiated clauses established.

Let's get into some scenarios and numbers with Jeremy Greenfield of Forbes:


What Happens to Publishers and Authors If a Used Ebook Market Becomes Legal?

Amazon has a patent to develop a market for used digital content. Apple has filed for a similar patent and ReDigi, a self-styled marketplace for used digital content, is currently embroiled in a legal battle with Capitol Records over the resale of digital music files.

Basically, it looks like a used ebook marketplace might become a reality.

For consumers, this could be very good news indeed. Imagine seeing on an ebook’s Kindle page a link that will take you to a sell page for the exact same product for half the price. Same ebook, same user experience, even lower cost.

For publishers, this would undoubtedly be very bad news.

Put simply, “This will wreak havoc with the business model,” said New York-based copyright lawyer Lloyd Jassin, adding, “this shows just how creaky the publishing business model is.”

The publishing business model is predicated in part on copyright law, which gives publishers the ability to control the scarcity of a piece of content, according to Jassin. Basically, by buying the right to produce and distribute a work, a publisher can control the number of copies out in the marketplace and monetize them accordingly. Under the doctrine of first sale, once a publisher sells that copy, it is relinquishing its rights to sell that copy again and whoever bought it can do so. That’s how it’s possible (and legal) to sell used copies of physical books.

In this scenario, the publisher (and author) get no compensation. If the same were true for the resale of digital goods, it could be devastating for publishers.

However, Apple‘s ebook patent and ReDigi’s business model, for instance, factor in these fears. Under their systems, publishers (and, perhaps, by extension authors) would get a piece of the resale.

“If the publisher can’t control the resale of a book but they get compensated, perhaps that’s good enough,” said Jassin.

But what about the authors?

There are often provisions in publishing agreements which provide for a split of proceeds resulting in fees from licensing or from any other profits associated with the work, a lawyer who specializes in ebook contracts who did not want to be named, told me.

“There are potentially catchall licensing agreements in publishing contracts that might apply to a resale,” the lawyer said, adding that if not, “authors may now want to negotiate a provision for that purpose.”

Read and learn more

Get the Writers Welcome Blog on Kindle :)))