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