Many consumers as well as investors are still wondering what will become of the dispute between bookselling giant Amazon and the major e-book publishing company Hachette. The spat has created some great drama and has plot twists you might expect to find in a thriller novel. As you may recall, the initial disagreement between the former business partners occurred when Amazon and Hachette reached an impasse in their negotiations regarding prices of Hachette books. Hachette wanted to reserve pricing control and set its own amounts, whereas Amazon – which is known for selling deeply discounted books – said
In comparison to the film, music and even newspaper industries, the publishing industry is changing rather lethargically. This does not change the inevitable fact that it will face immense changes in the future which have already been apparent for many years.
It seems like publishers have been afraid of adapting to a changing market. By analyzing other content industries they saw the pitfalls of accelerated digitalization. They tried to avoid developments such as lower prices and piracy by delaying digitalization as long as possible. Maybe they deemed the risk
In this new age of self-publishing and electronic book and readers, the most rousing debate is about what the future of publishing is going to be. A great many people suspect that the big name, traditional publishers will be obsolete in a few years. Some of our more beloved authors have insisted that traditional book publishing is not something that should be abandoned and that they in fact are going to stick to it, at least for the major projects.
We have talked about this many times on this blog – where is the future or publishing going
Last week, the world’s biggest science fiction publisher – Tor – announced that they were going to be dropping DRM from their entire list of books published. This is big news because ever since eBooks made an appearance on the market, most notably on the Kindle Store, Digital Rights Management has been part of the process.
Digital Rights Management – DRM – is how publishers ensure that the book you buy from them is only readable on the eReader it is bought for. The Kindle and Nook platforms are the biggest users of DRM since Amazon and Barnes
There has been a lot of buzz lately with the US Department of Justice probing the agreement between Apple and five top US book publishers as to whether there are anti-trust issues at play.
The history of this situation, is that Apple signed an agreement with Simon & Schuster, Macmillan, Harper Collins, Penguin, and Hachette Books for an “agency style” model which would enable them to set their eBook prices and not leave that to Apple. So long as Apple could get their 30% of the proceeds. Amazon buys books from publishers on a the wholesale model, which