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Showing posts with label e-Readers. Show all posts
Showing posts with label e-Readers. Show all posts

Wednesday, July 10, 2013

Bugging the Strategizing Back-Rooms of Barnes & Noble

Customers at a Nook kiosk in a Barnes & Noble store. The company
said that it would no longer manufacture color tablets
Barnes & Noble is in a 'make-or-break' corner. Beat up pretty bad from its digital dalliance with the Nook e-reader --- bleeding blood-dollars from its coffers.

B&N wanted to expand its business in 2009 so they ventured into the digital field with the introduction of its first black and white e-reader, the Nook. The Nook had some initial success that convinced the B&N strategizers to further expand into more bells and whistles for the Nook --- But, this placed the Nook e-reader-turned-tablet into a field of bigger, heavier hitters which just overwhelmed the bookseller-recently-turned-digital-entrepreneur --- resulting in Barnes & Noble's digital plans being blown to hell.

"For the fiscal fourth quarter, the Nook unit showed a $177 million loss in earnings before interest, taxes, depreciation and amortization, or Ebitda, more than doubling the loss from the period a year earlier. Sales fell 34 percent, to $108 million."

On top of this, Mr. William Lynch, the tech wizard hired to run B&N's digital division, quit! Talk about pressure and intrigue.

So now Mr. Leonard Riggio, the chairman of B&N and the one who initially built the bookseller into a powerhouse, is once again in the captain's chair. He also cherishes the physical bookstores.

So you can just see the 'think tank' smoke billowing out of the B&N's boardrooms --- resulting, hopefully, in financial soundness for the last major bookstore chain. 

If B&N survives and grows, you will hear a universal sigh of relief emanating from publishers, authors and agents!

So, stay tuned!

More details by Julie Bosman in the New York Times:  

Fork in the Road for Barnes & Noble


William Lynch was brimming with the enthusiasm of a start-up entrepreneur. It was January 2012, and Mr. Lynch, Barnes & Noble’s chief executive, was showing off the company’s shiny Palo Alto, Calif., offices, a 300-person outpost that was the center of its e-reader operations.

He and other executives proudly displayed their new devices, talked about plans to expand and promised that the bookstore chain could go head-to-head with the giants of Silicon Valley.
“We’re a technology company, believe it or not,” Mr. Lynch said.
But only 16 months later, Barnes & Noble’s digital plans are crumbling. Last month, a disastrous earnings report coincided with the company’s announcement that it would no longer manufacture color tablets. And on Monday,Barnes & Noble announced that Mr. Lynch, the young, tech-savvy architect of the company’s digital strategy, had abruptly resigned. A new chief executive was not named.
That leaves the nation’s only major bookstore chain without a clear path forward, reviving fears among publishers, authors and agents — who are deeply dependent on a viable Barnes & Noble — about its future.
Barnes & Noble executives have acknowledged one fact: the digital business that was to be the centerpiece of its growth strategy must be retooled.
After introducing its first black-and-white e-reader in 2009, called the Nook, Barnes & Noble joined the tablet race, a move that industry experts have pointed to as a source of the company’s current troubles. Barnes & Noble’s inexpensive color tablets aimed for a niche in the market below the iPad. But while the company grabbed close to 25 percent of the e-book market, its digital division was getting pummeled by larger competitors, and bleeding money.
“Barnes & Noble was in a Catch-22. They had to do something in digital and Nook was their best shot at it,” said Peter Wahlstrom, a retail analyst with Morningstar Equity Research. “William Lynch had a good vision, but he was overwhelmed and fighting with one hand behind his back.”
Mr. Lynch’s departure, which was effective immediately, leaves Leonard Riggio, the chairman of Barnes & Noble, with a much more visible and powerful role within the company. Mr. Riggio, who built the company into a national force, is known to cherish the physical bookstores. His increased influence, analysts said, could shift the company’s focus more toward the retail side of the business.




Monday, December 5, 2011

Independent Booksellers Reluctant to Carry Amazon Titles in Stores

More intrigue (and actual gossip) RE Amazon's publishing imprints :)

Seems the bricks-and-mortar indy bookstores are bucking selling the Amazon publishing printed versions.

Publishers Weekly says Amazon’s “fast-growing [publishing] group had an outsized impact on the industry.”

But, research seems to indicate that Amazon Publishing has not had an outsized impact on the industry ... in fact their numbers as reported by Nielsen BookScan are quite lackluster.

These details by Laura Hazard Owen in mocoNews.net:

The Truth About Amazon Publishing, Part II


In an interview with Publishers Weekly, Amazon (NSDQ: AMZN) says it will double the number of original titles it publishes next year, to 400, and add more imprints, including a couple in New York. Much more interesting is what the company doesn’t say in that interview—and those omissions reflect the difficulties I explored in “The Truth About Amazon Publishing” last month.


Seth Godin Is Forgotten; Print Sales Are Poor: Publishers Weekly lists Amazon Publishing’s five top sellers in 2011, “in both e-book and print” (i.e., I think, in those formats combined): The Hangman’s Daughter; A Scattered Life; Elizabeth Street; Easily Amused; and Alison Wonderland.

SEE ALSO: The Truth About Amazon Publishing

Now, wait a sec. I checked the print sales numbers for each Amazon Publishing title last month, using Nielsen BookScan, which tracks about 75 percent of hardcover and paperback sales (including print sales on Amazon). Here, according to BookScan, are Amazon’s top 5 print bestsellers in 2011 (I verified these titles’ BookScan numbers this morning):

1. The Hangman’s Daughter (imprint: AmazonEncore): 28,467 copies sold in print

2. Poke the Box (imprint: Seth Godin’s The Domino Project): 24,883 copies

3. Do the Work (imprint: The Domino Project): 8,933 copies

4. AWOL on the Appalachian Trail (Imprint: Amazon Encore): 6,000 copies

5. Anything You Want (imprint: The Domino Project): 5,920 copies

Three of these are Domino Project titles and that only The Hangman’s Daughter is listed as a top seller in the PW article. Here are the print sales for the titles PW lists as Amazon Publishing’s bestsellers:

1. The Hangman’s Daughter: 28,467 copies sold in print

2. Elizabeth Street: 1,073 copies

3. Easily Amused: 681 copies*

4. A Scattered Life: 629 copies*

5. Alison Wonderland: 205 copies

*These books are sold in Sam’s Club, which does not report sales to BookScan; their sales are likely higher than the BookScan numbers.

Some thoughts here:


Read and learn more



 

Tuesday, March 1, 2011

Libraries and E-Book Circulation and a Kindle Flaw


E-books have surpassed all expectations of popularity and have actually gained prime beachfront status in the book real estate landscape.

Libraries are now lending out e-books and some publishers are trying to figure out how not to be taken too much advantage of...while concurrently maximizing their e-book profit...Harper Collins is trying to accomplish this by limiting library, e-book circulation to 26 checkouts before the e-book goes up in a puff of electronic smoke.

It seems all this new tech has really simplified and made processes much more efficient...but, nobody has figured out just how to make any money from all the new shitsky!

Aimee Levitt , of the St. Louis Riverfront Times, has this to say:

Publisher Attempts to Limit E-Book Circulation, Libraries Fight Back

It's a brave new electronic world we live in, where blogs like this one that you're reading have replaced daily newspapers, e-mail and Facebook updates have replaced letters and phone calls, and the heavy stacks of textbooks that used to weigh down schoolkids may now be replaced with e-readers.

Only problem is, nobody's figured out how to make money on all this yet, and everybody's afraid of being taken for a sucker. That's why last week HarperCollins Publishers announced that every e-book it sells to a library can only be circulated 26 times. Then it will disappear into the electronic ether. (E-books purchased before last week, however, can continue to be checked out indefinitely.)

Librarians, naturally, were not pleased. Two librarians in the Philadelphia area, Brett Bonfield and Gabriel Farrell, have organized a boycott of HarperCollins, which encompasses more than 30 different imprints. They argue that libraries don't have the funds to keep purchasing e-books; depending on the check-out period, a book that circulates 26 times would only last a year to a year and a half, less time than many printed books.

Read and learn more




Sunday, February 27, 2011

Book Substance vs Book Packaging


I, and really most folks associated in any way with the publishing (and by extension writing) industry, have understood for many years the deep inequities in that industry.

Traditional publishing (TP) has always stood on a foundation of pure jelly, sinking little by little from it's very birth. TP's survival was sustained, not by any inherent brilliance, but by a lack of any alternate, competent competition.

TP's jelly foundation really turned into liquid juice back when the main consideration turned away from the written words on the pages of a book to the eye candy of packaging and the celebrity of the authors.

Simply put, traditional publishing lost it's soul.

Dan Agin (Author/Neuroscientist), writing a blog for HuffPost, has an interesting take on the demise of publishing...A little oversimplified RE the eReader technology being the core cause...but, he nailed the shallowness of the so-called publishing business pros in the writer-to- reader chain RE not reading and just packaging books.

Dan Agin:

American Publishing: A Lesson From Tolstoy's Inkwell

My first published literary effort, an article about New York City, appeared in 1945 in a magazine called Gotham, the house organ of the New Yorker Hotel. Since this is 2011, I claim 66 years as both a participant and observer of American publishing.

The magazine Gotham folded.

The New Yorker Hotel eventually also folded.

Traditional American publishing is in the process of folding.

From the standpoint of philosophy, everything folds eventually, so what's the big deal?

Well, the fact of folding is usually not as important as the reasons for folding. Looking at reasons, causes, provoking events, often helps us understand how the world works.

For the folding of traditional American publishing, the most provoking recent event is the appearance of the new technology of hand-held E-readers, especially the Kindle, which at present outclasses them all.

But aside from this new technology and its consequences now apparent to almost everyone, there are other reasons for the present collapse of traditional American publishing.

I say "collapse" because the collapse of Borders is akin to the collapse of Lehman Brothers on Wall Street, and like that collapse the collapse of Borders suggests that too many people in American publishing don't know what the hell they're doing.

Why is that?

After 66 years of watching the American publishing circus and publishing as an "author," my personal views are as follows:

•Most publishers don't read books, they just display them on shelves in their offices.
•Most acquiring editors don't read books, they just acquire them and negotiate contracts.
•Most copy editors don't read books, they use software to locate possible grammar and punctuation problems.
•Most literary agents don't read books, they just read opening chapters or proposals for books and sell books to editors based on the book's apparent "handle", its "take-away", its "feel-good" score.
•Most marketing and publicity people in publishing don't read books, they read blurbs and look at book jackets and attach a book to market demographics.
•Most publishing accountants don't read books, they just add up the profits and losses of the various imprints of a conglomerate.
•Most booksellers don't read books, they sell books the way most people in publishing acquire books -- as physical objects with "handles."

Read and learn more

Saturday, February 5, 2011

A Reborn Nation of Readers!


God bless e-readers! They just may be our nation's salvation from a very dangerous dumbing-down period.

The recent mass availability of economical e-readers has sparked young adults and teens to devour e-readable media and re-introduced many of the old intellectual classics (as well as new knowledgeable and intelligent word-fare) to an excited and hungry audience.

E-readers are common riders in backpacks, purses and briefcases...AND this is good!

It's good for our future as a country as well as for those who write and publish and/or will be doing so in the future.

This from Julie Bosman of the New York Times:

E-Readers Catch Younger Eyes and Go in Backpacks

Something extraordinary happened after Eliana Litos received an e-reader for a Hanukkah gift in December.

“Some weeks I completely forgot about TV,” said Eliana, 11. “I went two weeks with only watching one show, or no shows at all. I was just reading every day.”

Ever since the holidays, publishers have noticed that some unusual titles have spiked in e-book sales. The “Chronicles of Narnia” series. “Hush, Hush.” The “Dork Diaries” series.

At HarperCollins, for example, e-books made up 25 percent of all young-adult sales in January, up from about 6 percent a year before — a boom in sales that quickly got the attention of publishers there.

“Adult fiction is hot, hot, hot, in e-books,” said Susan Katz, the president and publisher of HarperCollins Children’s Books. “And now it seems that teen fiction is getting to be hot, hot, hot.”

In their infancy e-readers were adopted by an older generation that valued the devices for their convenience, portability and, in many cases, simply for their ability to enlarge text to a more legible size. Appetite for e-book editions of best sellers and adult genre fiction — romance, mysteries, thrillers — has seemed almost bottomless.


Monday, December 20, 2010

Random House and Marketing Books Directly to Consumers


When you know who is looking for something to download, you can make suggestions directly to that person! Right on. AND, when you know that the download device is a new eReader, you know what that person wants...EBOOKS!

Simple enough concept, even for me.

Well, Random House has used this simple concept to come up with a delightful, functional and FREE marketing device for the holidays helpful to us consumers.

Julie Bosman, New York Times, has the details:

A Christmas Morning Spree

This year, the book publishing industry has its own version of Black Friday or Cyber Monday. It’s called Christmas Day.

On that day, hundreds of thousands of consumers are expected to unwrap new e-readers that they received as gifts, and quickly begin downloading books to read.

Random House, the publisher of Stieg Larsson, John Grisham and Stephen Sondheim, is hoping to be there to make a few suggestions. It has prepared a free e-book, “The eBook Insider,” that is full of recommendations, reviews and book excerpts directed squarely at consumers who have just received e-readers.

“With so many people receiving an e-reader for the first time on Christmas, one of the things they’re going to want to do is go looking for the books they want to read,” said Anne Messitte, the publisher of Vintage/Anchor, a division of Random House. “And we think it’s an ideal moment to really begin helping a reader curate the collection of e-books that they want.”

Unlike the traditional holiday book advertising that takes place in the weeks leading up to Christmas, the promotion for “The eBook Insider” is scheduled to begin on Dec. 25, first with social media messaging and then with Google ads and also print ads in The New York Times Book Review and The New Yorker.

Read and learn more

Monday, November 15, 2010

Tipping-Point Season for E-Readers


This Christmas season should bring mucho cha ching to e-readers and their manufacturers. Forrester Research estimates that there are 9 million e-readers in use in the USA right now, with a huge expected upswing coming this holiday season! Should be well over 10 million just by the end of the year.

More details on the break-out marketing intro of e-readers to holiday shoppers (and some in-depth numbers) by Julie Bosman in this New York Times article:

Great Holiday Expectations for E-Readers

This could be the holiday season that American shoppers and e-readers are properly introduced.

E-readers will be widely available at stores like Target, Best Buy and Wal-Mart, the nation’s largest retailer, and offered at prices that make sense for Christmas gifts — less than $150.

Publishers and booksellers are expecting that instead of giving your mother a new Nicholas Sparks novel or your father a David Baldacci thriller in the hardcovers that traditionally fly off the shelves and into wrapping paper at this time of year, you might elect to convert them to e-reading.

“This is the tipping-point season for e-readers, there’s no question,” said Peter Hildick-Smith, president of the Codex Group, a book market research company. “A lot more books are going to be sold in e-book format. It also means that a lot fewer people are going to be shopping in bookstores.”

Only a small slice of the book-buying public has bought an e-reader. About nine million devices are in circulation in the United States, according to Forrester Research.

That could jump in the coming weeks as consumers begin their holiday shopping, analysts predict. According to Forrester, at least 10.3 million e-readers could be in circulation by the end of the year.

Read and enjoy more


Sunday, August 22, 2010

Are E-Readers More Sociable than Books?


A different take on the impact of e-readers. Some are saying that when one is seen reading an e-reader they seem more approachable and less "bookwormish" and isolated than when one is seen reading a printed book.

I'm not so sure if I buy into this concept totally because I never considered a person reading a book as unapproachable in the first place...Probably has more to do with personalities and backgrounds than anything else. For sure, the popularity of e-readers has made reading anywhere more common and accepted and therefore less "isolated".

Austin Considine had this to say in the New York Times today:

E-Books Make Readers Less Isolated

VOLUMES have been written about technology’s ability to connect people. But burying one’s nose in a book has always been somewhat isolating — with its unspoken assertion that the reader does not want to be disturbed. So what about a device that occupies the evolving intersection between?

“Strangers constantly ask about it,” Michael Hughes, a communications associate at Johns Hopkins Bloomberg School of Public Health in Baltimore, said of his iPad, which he uses to read a mix of novels and nonfiction. “It’s almost like having a new baby.” An iPad owner for four months, Mr. Hughes said people were much more likely to approach him now than when he toted a book. “People approach me and ask to see it, to touch it, how much I like it,” he said. “That rarely happens with dead-tree books.”

With the price of e-readers coming down, sales of the flyweight devices are rising. Last month, Amazon reported that so far this year, Kindle sales had tripled over last year’s. When Amazon cut Kindle’s price in June to $189 from $259, over the next month Amazon sold 180 e-books for every 100 hardcovers.

Read more http://alturl.com/v2wvw

Monday, August 9, 2010

Digital Developers Imitating Traditional Publishers


Have you noticed that all the new, digital e-readers' format and style templates are designed to look like their print predecessors and even have digital pages that turn like a physical book, etc.?


Well, that is imitation of the old publishing designs and is a form of flattery...Is it not?


Robert Andrews of http://paidcontent.org/ thinks so and points out some other interesting facts in the following article:

It was pop-culture philosopher Marshall McLuhan who wrote: “All media come in pairs, with one acting as the ‘content’ of the other.”

That assertion is true once again, now that a range of developers is pushing out digital products that depend on paying homage to physical-media forebears…

On the web, where countless embarrassing “newspaper” blog templates have been available for years, sites like The Twitter Times and paper.li redeploy the aesthetic and lexicon of printed news - but not necessarily the content. Instead, they try to make “a daily newspaper” from stories linked to by fellow Twitter users.

It’s on e-readers where this format flattery is most pronounced, and where independent developers are incongruously following conventional publishers in the rebooted electronic “magazine” or “newspaper” goldrush...

The Early Edition RSS reader app for iPad reconstitutes what is usually a lifeless, date-ordered list of stories in something reminiscent of a morning rag, with front-page lead stories, distinct section layout and turnable pages. Rival app NewsRack, on iPhone, even displays feeds as though on a wireframe sidewalk stand.

The buzz about socially-organized e-magazines, like the Twitter examples above, grew to a short-lived fever pitch last month when Flipboard debuted its app for showing friends’ linked content in something like a page-turning fashion.

Read more http://alturl.com/z69v2

Tuesday, July 20, 2010

Sharp to Issue E-reader


Come on down!...And play in the ever-growing arena of e-reader money! Yes indeedy, Japanese electronic giant Sharp is entering the game with an advanced model e-reader with great text, audio and video...all automatically adjustable to all publishers' formats.

Sharp is definitely a "sharp" cutting-edge company and I'm sure their new e-reader will surpass expectations.

This from AFP, global news agency:

The Japanese electronic book market is now estimated to be worth 46 billion yen (about 500 million dollars), with most titles distributed via mobile telephones and conventional computers.

Sharp said Tuesday it would launch an e-reader this year able to handle text as well as video and audio content, in a bid to challenge Apple and other rivals in the lucrative market.

The Japanese electronics giant said it had updated its e-book format with the "next-generation XMDF" platform, an advanced multimedia version of the XMDF format for text and still images that it launched in 2001.

"The next-generation XMDF enables easy viewing of digital content including video and audio and allows automatic adjustment of the layout to match and meet publishers' needs," Sharp said in a statement.

Sharp plans to begin the service and sell two types of e-readers, which resemble Apple's iPhone and iPad, by the end of the year in Japan and will then also export the gadgets.

"Now there is a lot of attention on the e-publishing business," Masami Obatake, a senior Sharp official, told a news conference. "Launching it by the end of this year will be good timing."

Asked if Sharp can cope with the competition, Obatake said: "Since we have a new system, I think we will be able to compete sufficiently."

Sharp said it had already reached basic accords with major Japanese publishers and newspaper companies on content, adding it would be open to further collaboration to establish an e-book market.

In late May, Sony announced a similar plan jointly with telecoms operator KDDI, the Asahi Shimbun newspaper company and the Toppan printing company, with each company taking a 25 percent stake.

That came just a day before the launch of the iPad in Japan and other countries outside the United States, where print media face a steady decline in advertising and have turned to e-readers as a way to win new revenue.

The Japanese electronic book market is now estimated to be worth 46 billion yen (about 500 million dollars), with most titles distributed via mobile telephones and conventional computers.

Japanese news media had until this year taken a wait-and-see approach to the devices, contrary to US peers.

Newspaper circulation has held up better than in the United States, having fallen only six percent between 1999 and 2009 to 50.3 million sales daily, the Japan Newspaper Publishers & Editors Association said. However, magazine circulation in Japan has slumped by a third over the decade.

Copyright © 2010 AFP. All rights reserved. More »

Thursday, April 22, 2010

Amazon vs Book Publishers

As many are already aware, there is a fight being waged to control prices of digital books. Amazon initially set prices lower than their own costs to boost sales and popularity of their Kindle e-reader. The Amazon $9.99 price for all digital books upset publishers who said this would destroy the publishing business...The publishers desired a so-called "agency model" that would let them set prices and have Amazon act as a vendor or retailer who would get 30% for selling.

Simply put, my dear interested readers (and I KNOW there are many out there!), we have two adversaries with very different motivations. One wants to set lower prices and accumulate a large content inventory (question quality) to sell digital devices. NOT good for writers...While the other wants the power to set high enough prices to pay for good talent to produce future quality content that will result in higher profits realized from content-driven work rather than "at-the-moment" digital devices. GOOD for writers.

Donald Marron, The Christian Science Monitor, says this about the subject waging war:


What will the future of publishing be as the book world goes digital? The latest battle between Amazon.com and book publishers may offer a hint.

Over at the New Yorker, Ken Auletta has a fascinating piece about the future of publishing as the book world goes digital. Highly recommended if you a Kindle lover, an iPad enthusiast, or a Google watcher (or, like me, all three).

The article also describes an unusual battle between book publishers and Amazon about the pricing of electronic books:

Amazon had been buying many e-books from publishers for about thirteen dollars and selling them for $9.99, taking a loss on each book in order to gain market share and encourage sales of its electronic reading device, the Kindle. By the end of last year, Amazon accounted for an estimated eighty per cent of all electronic-book sales, and $9.99 seemed to be established as the price of an e-book. Publishers were panicked. David Young, the chairman and C.E.O. of Hachette Book Group USA, said, “The big concern—and it’s a massive concern—is the $9.99 pricing point. If it’s allowed to take hold in the consumer’s mind that a book is worth ten bucks, to my mind it’s game over for this business.”

As an alternative, several publishers decided to push for an “agency model” for e-books. Under such a model, the publisher would be considered the seller, and an online vender like Amazon would act as an “agent,” in exchange for a thirty-per-cent fee.

That way, the publishers would be able to set the retail price themselves, presumably at a higher level that the $9.99 favored by Amazon.

Ponder that for a moment. Under the original system, Amazon paid the publishers $13.00 for each e-book. Under the new system, publishers would receive 70% of the retail price of an e-book. To net $13.00 per book, the publishers would thus have to set a price of about $18.50 per e-book, well above the norm for electronic books. Indeed, so far above the norm that it generally doesn’t happen:

“I’m not sure the ‘agency model’ is best,” the head of one major publishing house told me. Publishers would collect less money this way, about nine dollars a book, rather than thirteen; the unattractive tradeoff was to cede some profit in order to set a minimum price.

The publisher could also have noted a second problem with this strategy: publishers will sell fewer e-books because of the increase in retail prices.

Through keen negotiating, the publishers have thus forced Amazon to (a) pay them less per book and (b) sell fewer of their books. Not something you see everyday.

All of which yields a great topic for a microeconomics or business strategy class: Can the long-term benefit (to publishers) of higher minimum prices justify the near-term costs of lower sales and lower margins?

Tuesday, April 13, 2010

Special Report: E-Reader Revolution in True Digital Format!


For those who have not experienced the new digital ambiance through an e-reader and all it's convenient interactivity, todays post will take you there through FOLIO magazine's special report:

THE E-READER REVOLUTION: Digital Magazines, Mobile Media, E-Readers and the Opportunities for Media Brands


If anything, this year will be a year of transformation for the digital magazine, driven by an exploding mobile device market, including e-readers and tablets. Publishers have renewed their interest in producing digital editions for these new platforms while simultaneously continuing to distribute “traditional” digital replicas of their magazine brands. Here, we check in with vendors and publishers for an update on the state of the digital magazine, its new opportunities and where it’s headed. ■

CLICK HERE to view this digital report in its entirety in true digital format.

Thursday, January 14, 2010

Publishing E-pocalypse or a New Age?

2009 has just staggered out the door...but left behind a massive footprint of electronic publishing inroads and positioning for future inevitable victories.

M. J. Rose, a successful author of numerous books, including The Memorist and The Reincarnationist, discusses this New Age of E-Publishing in an insightful article for Publishing Perspectives. She relates her own experiences in and prognostications for the publishing industry. M. J. Rose was the first author to use the Internet to release an e-book that was picked up by traditional publishers. She is also the owner of the ad agency, Authorbuzz.com. Past Life, a dramatic series based on her bestselling novel The Reincarnationist, debuts February 11, 2010 on FoxTV.

By M. J. Rose:

As we come to the end of 2009 there’s only one thing we know about the future of publishing—it’s going to keep changing. Like it or not, no matter what industry you’re in and how hard you try to hold onto the past, fighting change is not only futile, it’s often what kills you.

When Change is Pain

The changes we’re in the middle of are cause for alarm for many people:

Kirkus is gone.

Fifty-four percent of people now find out about books via online ads. (Yes ads! Not reviews.) Sixty-seven percent of people buying a book didn’t know what they were going to buy before they walked in the store.

There are millions of readers who post about what they’re reading on their blogs and social networks like Twitter, Facebook and Goodreads.

People can read e-books on their iPhones on line in the supermarket, go home, turn on their Kindles and be instantly synced up.

HarperCollins has an online slush pile called Authonomy. Harlequin has a similar testing ground called Carina.

And Steven Covey, author of the perennial backlist bestseller Seven Habits of Highly Effective People, just gave exclusive rights to his e-books to Amazon and not his publisher.

Bookstores are publishers and authors are publishers and publishers are bookstores.

And yet, the one thing everyone seems to fear the most is Amazon’s slashing e-book prices and selling them at a loss.

Last week almost all the major publishers announced they would be holding back e-book releases on select titles until three to four months after the hardcover release.

Now? The time to have gotten involved in timing and pricing was two years ago before when the Kindle came on the market. When experimentation would have made sense. When there were no precedents set. But to do it now?

Kassia Krozser, at Book Square, blogged that the way some agents and publishers are reacting is fetishistic: “We must worship the all-mighty hardcover,” she wrote, “without worrying about the actual impact to overall sales. Without even considering the reader. Of course, why would publishing ever consider the reader?”

Why indeed?

As someone who has spent her life in advertising doing endless research about the end user, I’m continually shocked by the lack of information publishers have about readers. And even worse their lack of concern about the info they don’t have.

E-books vs. Hardcovers

There is a lot of information about readers that is key to what the future holds and how it’s going to play out. And we need to be paying attention to it.

For instance, 40% of hardcovers are either resold online two or three times or lent to friend and family two to three times. Or swapped two or three or more times.

None of those transactions pay a penny to the publisher or the author.

But e-books can’t be resold. Or borrowed. (Barnes & Noble’s Nook offers publishers the option to lend once, but few allow it.)

Read the rest of the article here: http://publishingperspectives.com/?p=9346

Wednesday, January 13, 2010

Mike Shatzkin Asks: "Are enhanced ebooks the CD-Rom era all over again?"

Mike Shatzkin (The Shatzkin Files) is one of my favorite go-to sources when I want to understand the real story and history of anything publishing.

Yesterday he posted an intriguing story that included a history of E-Readers and how they have, are and probably will affect this dynamic and changing industry:

Is this where I came in?

In the early 1990s, the computer manufacturers and Microsoft were doing everything they could to persuade businesses and consumers that they really, really, really needed CD-Rom drives. That Microsoft would benefit from them was very clear; the software they were selling was taking more and more diskettes to deliver in those pre-broadband, pre-Web days when all software was “shrinkwrapped.” If computer owners could take their new software on CD-Roms, the cost of delivering the product would drop dramatically.

Only a year or two before, Bob Stein had developed what we can now identify as the first “enhanced ebooks”. His company, Voyager, introduced the “Expanded Book”. These were the first efforts to use the book as the foundation to do something much more ambitious: linking in pictures and sound and video and databased information. No web links yet, because there was no web yet, but the Voyager Expanded Books really foresaw the possibilities.

Microsoft encouraged publishers to build on the Voyager Expanded Books example with CD-Roms, and, indeed, the Voyager product itself moved quickly from a diskette-based product to a CD-Rom, which gave it a multiple of the digital space to add content.

Publishers at that time had recent experience with new product forms. In the early 1980s, a few had experimented with software publishing, but that was quickly seen not to work and the publishers who tried it, like Wiley, pretty quickly got out. In the mid-1980s, audiobooks first came on the scene, however, and their acceptance, fueled by the ubiquity of tape players in cars and the relatively new Sony Walkman family of portable cassette players, was very rapid. With the encouragement of Microsoft and the hardware makers promising that all computers would soon have CD-Rom drives, many publishers jumped into what we can look back and see was an enhanced ebook business with both feet.

It turns out they jumped into an empty swimming pool. Many legs were broken.

The whole idea that people who wanted a cookbook needed video in the middle of the recipe or that people would “read” a book on a desktop computer because of sound effects in a CD-Rom version always seemed like a stretch to me. Sometime in the middle of the CD-Rom craze, I learned that McGraw-Hill had a big animal encylopedia on which something like 60% of the cost went into the sound. This was for a high-priced professional product. This made no intuitive sense. It wasn’t placing the investment where I thought anybody would find the value.

What seemed more likely to work to me at that time was to just put the book on a diskette (they were still much more common then than CD-Rom drives) to allow one to just read it on their laptop. The writer and enrepreneur Po Bronson might not remember this, but he and I discussed that idea at great length at the time. Meanwhile, I predicted in 1995 and 1996 that CD-Roms were going nowhere, that the “action” for book publishers would be online, and that the first important thing that would happen online would be increased sales of plain old printed books, all of which turned out to be utterly correct.

Now, as Yogi Berra allegedly once said, we have deja vu all over again.

In the later 1990s, the simple ebook delivery I imagined happened through online distribution, not diskettes. The devices of choice were plain old PCs (mostly reading PDFs) and handheld PDAs, reading the Palm Digital format, Microsoft’s new “dot lit” format (remember how revolutionary that was supposed to be when it first came out!), and then Mobipocket which, until Amazon bought them and largely buried them, was going to be the cross-platform standard.

Now that I had what I wanted, I was a happy guy. I started reading ebooks predominantly and I went out on the prediction limb again. I figured that PDA-reading would become widespread, and quickly.

Talk about jumping into an empty pool!

In fact, underscoring my misunderstanding, I wrote in about 2004 or 2005 that PDAs were the key to ebooks. If you carry a PDA, was my thinking, then you shouldn’t need anybody to explain the advantage of ebooks to you. It was transparent; you always had your book with you. And, conversely, I figured that if you did not have a PDA, there was no great advantage to ebooks. What I saw as the big advantage was not having to carry the book as an “extra.”

Still, ebooks just didn’t happen. I couldn’t understand it. A lot of people told me the problem was that ebooks didn’t really do anything that couldn’t be done with plain old print books. They didn’t take advantage of the opportunities afforded by digital books. No video. No audio. No web links. That didn’t seem like the answer to me. I remembered the CD-Rom fiasco.

Then Kindle came along. On the one hand, it proved me wrong because here was a device that had to be carried around (like a book) and didn’t do anything for you except let you read a book. On the other hand, Kindles sold well (particularly considering Amazon was the only place to get one) and, more important, Kindles sparked an explosion of interest in and uptake of ebooks. And that, I thought, proved that “just the book” was enough for many people to have a satisfying ebook experience.

But now it looks like market forces are going to tempt publishers to invest in enhanced ebooks all over again. We are awash in news of new ebook readers — meaning both software that can play on PCs, netbooks, iPhones, or various more dedicated devices and a slew of those more dedicated devices to choose from. So people are going to be reading books on devices that can do a lot more than a Kindle or Sony Reader can do.

Two other things happening at the same time also push for more complex ebooks. One is that the tool sets to deliver them — and even to allow any author working with a bright young person alongside of them to deliver them — are getting more ubiquitous. And the other is that publishers think they see a connection between more complex ebooks and higher-priced ebooks, and that makes them very interested in exploring the subject.

A lot has changed in the past 15 years since the CD-Rom era. I am not in any way suggesting that the CD-Rom disaster of the mid-1990s will be repeated in the enhanced ebook era we are heading to now. But nobody figured out what compelling consumer product could be made from a book with lots of digital space to play with then and we’d be kidding ourselves to think anybody’s figured it out now either. There will be a lot of trial and error work done by the industry in the next couple of years trying to find the book-into-something-better formula that works artistically, functionally, and commercially. The answers are by no means self-evident.

One cautionary tale from the CD-Rom era. One of the first big successes on CD-Rom was issued by Simon & Schuster and based on StarTrek. In retrospect, we can see that StarTrek was the “perfect subject”: the one thing that would work with early-adapting techie geeks even if nothing else would. Unfortunately, S&S read the StarTrek success as an endorsement of the CD-Rom product idea and rapidly expanded their new media division to do more titles. Nothing else came close to matching StarTrek’s success.

Tuesday, July 21, 2009

Barnes & Noble: Please Avoid These Kindle Mistakes

As a follow up to yesterday's post on Barnes & Noble's venturing into the eBook field (to save their struggling book store business) and coupling with an e-Reader called "Plastic Logic," I have extracted the following article from PCWorld magazine which further discusses favored designs to include in the new "Plastic Logic" e-Reader. These favored designs point out the drawbacks in the current "Kindle" e-Readers.

by Todd R. Weiss
Jul 21, 2009 8:11 am:

Now that Barnes & Noble has unveiled its plans for an e-book reader and an e-book store to take on rivals such as Amazon.com and Sony, we want to get them out the door on the right track.
So here are the top five features we'd love to see them include so that the new Barnes & Noble e-reader doesn't have the same glaring shortcomings that many of us found in Amazon's original Kindle and new Kindle 2.
1) Please include great and easy file handling from the start. Amazon's Kindle 2 still hasn't gotten this right, which is very frustrating. The Kindle 2 still doesn't have integrated PDF reading capabilities. That means it requires a kludgy conversion process where the user has to send a PDF or other document file to themselves to be able to convert it so it can be read on the device. Not cool. Imagine how useful an e-book reader can be (Sony's Digital Reader PRS-700 reader includes this) if it can natively read various common document formats. Eureka! Don't disappoint us, Barnes & Noble.
2) The new Kindle 2 finally added USB support after the original Kindle came without it. Don't put us through that, please. Just give us USB capabilities from the start. It means one less bulky power adapter to have to lug along and less aggravation for users.
3) Get the price lower from the start. Amazon's new lower $299 price for the Kindle 2 is nicer, but it's still probably too high for consumers to wildly embrace these e-readers. Yes, it's $60 less than it was earlier this year, but if you get the price to the right spot from the start, say maybe a loss-leading $99, all the catching-up that would follow would be the Kindle 2 trying to catch up with your new success.
4) Please give us a backlit screen. The Kindle 2 still doesn't have one, which makes it hard to read in dimly lit places. The Sony e-reader has one. We like it. Give us one on your new reader, Barnes & Noble!
5) Be DRM friendly with your new reader. Digital Rights Management is a very emotional issue. Musicians, filmmakers, and authors deserve to be paid and shouldn't have to give up their profits due to illegal distribution of their works without payment. At the same time, a consumer who legally buys such a work should have reasonable rights to use it on any compatible device he or she owns without having to purchase it separately for other devices. If I buy a printed book, I can read it in an airplane or in a car or in my living room, without having to buy separate copies for each. The same should go for my e-reader or computer or other device. Consumers have rights, too.
That's it for now. Thanks, Barnes & Noble, for bringing us more options in the e-reader marketplace. Now get to work and make us all proud.
(Todd R. Weiss is a freelance technology journalist who formerly wrote for Computerworld.com. Follow him on Twitter at http://twitter.com/TechManTalking)
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