Showing posts with label publishing industry. Show all posts
Showing posts with label publishing industry. Show all posts

Wednesday, December 2, 2009

Is publishing dead? At the moment it's just morphing according to Sarah Nelson

We discuss here many times stories and news about the future of the publishing industry, especially those with a "green" angle. Today we want to recommend a talk of Sarah Nelson, which has no direct "green" connection, but is very interesting and worthwhile listening to.

Sarah Nelson definitely knows a lot about publishing. She is now books director for O, the Oprah magazine and from 2005 to 2009, she was editor-in-chief of Publishers Weekly. Nelson talked at the 2009 PubWest Conference about two weeks ago and the title of the talk was: Is Publishing Dead?

Her answer was 'No'. Changing - Yes, Dying - Nope (at least not for now). She pointed out that "Publishing, the publishing business or the book business as we know it, is also not dead, but it is undergoing tremendous change and will die in the way that we know it. Publishing as we know it will die if changes are not made. I think that there will always be books, there will always be people to read books, the books may be in a different format from the way we read them now, some of them. But I don’t think that the way the systems, the back-office systems, the distribution systems and so on, will be the same. I think those are changing. Dying? I’d rather say that they’re morphing rather than dying."

If you're interested to hear more of Sara Nelson’s thoughts on the publishing industry, its traditional business models and how they should change, writers, self-publishing and more, please check it out on Copyright Clearance Center’s podcast Beyond the Book.

A transcript is also available at http://www.beyondthebookcast.com/wp-images/SaraNelsonPubWest09.pdf

Yours,
Raz @ Eco-Libris

Eco-Libris: check out our special holidays offer!

Friday, February 27, 2009

And the winner in one of Justin Locke's books is...

We had a very interesting discussion here following Justin Locke's guest column "A New Business Model for the Book Publishing Business".

We got great feedbacks and we thank all the readers who added their comments on this blog, as well as other places on the web where this article was mentioned. And we have a winner!


The winner who was chosen by Justine Locke is Brooke, who wrote the following:


"The art world has a similar issue when it comes to resales at auctions. Europe resolved it by giving a portion of the profits to the artists, but ONLY at auctions, not private resales."

Congrats to Brooke, who won one of Justin Locke's books! She will be able to choose between Real Men Don't Rehearse, his very popular and laugh-out-loud musical memoir of his playing days with the Boston Pops (see the writeup in this month's International Musician Magazine) , and his new book, Principles of Applied Stupidity (How to get and Do More by Thinking and Knowing Less). Find out more about each book and his other publications and his professional speaking at www.justinlocke.com

We thank Justine Locke again for bringing up this important issue and we will keep you updated in the future in his efforts to establish a new model for the book business.

Yours,
Raz @ Eco-Libris
www.ecolibris.net

Thursday, February 19, 2009

A New Business Model for the Book Publishing Business

Eco-Libris is happy to host guest writers that present interesting and creative ideas that goes along with our mission to make reading more sustainable. Today we are happy to host author Justin Locke who writes about an issue that has many sides, including environmental and social ones - the lack of compensation of authors for re-use of their books and how it can be fixed.

We hope that not only you will enjoy this piece, but you'll also take part in the discussion we hope to generate following this post. If you need further incentive check out
the giveaway at the bottom of the post :)

A New Business Model for the Book Publishing Business

by Justin Locke

The Internet has been viewed by many in the book business as merely a glorified sales brochure and order form, but this is "horseless carriage" thinking. The way it is being used by the major used book resellers (i.e., Amazon and Half.com) has fundamentally changed the environment of the book business, in very much in the same way that television and VCR's changed the movie business, and radio and recordings changed the music business.

For those of you who don't remember, when television came along, Hollywood viewed it entirely as a threat. The big movie studios nearly went broke, as up to then they only made money selling tickets in theaters. But after a while, they figured out how to do a new business model and take advantage of this new medium. Now, big Hollywood movies make most of their money, not from theatrical releases, but from television and DVD sales.

Something similar happened in the music business. Before recordings and radio, orchestras had a simple business model: if you wanted to hear a concert, you had to buy a ticket. But when recordings and radio came along, the musicians' union negotiated to put various fees in place so that musicians would get additional payments for "electronic transcriptions."

Composers of music have similar "re-use" payments structures under what is known as ASCAP. When an orchestra plays a piece that is under copyright, a payment is automatically made to the composer. Same thing if their music is played on the radio or TV. Every time you hear a golden oldie in an elevator, a little payment gets made to the owner of that original song. It might only be .2 cents, but it adds up in a hurry.

Unfortunately, the traditional book selling establishment has at its core a 19th century business model, one that is very similar to the music business before electricity. If you want to buy a book, you buy it new. That's where the money is made, period. There are no provisions for more payments down the road. Yes, Amazon's Kindle and other e-book deals are more or less doing what movies and music have done. But what is getting missed is the huge change in the used hard copy book business.

Here's the big thought: While books themselves are still made of paper, the WAY in which used books are sold and distributed has changed. Radically. It is as much of a change as television or radio.

Books are not electronic of course, but the way in which used books are now marketed on the internet has fundamentally changed, into its own new form of "electronic distribution." We need to recognize this, and change the way the business works to capture proper payments.

The used book market is different now because in the old typical traditional local used book store, the store might have a title you want and then again, they might not. So physical used books stores, while nice things to have on the block, are not a huge threat to new book sales, as they are not the place to buy "hot" or new books. You are limited to what they have in stock right now, which could be anything.

But now, virtually any book, even one that is recently published, is available "used" (at a lower price), on the internet. And when someone buys and reads a used book, the copyright owners of that book get zilch for that "re-use" of their intellectual property.

Pardon my vision here, but I think it's time that authors got the same deal as union musicians, composers, television actors, and screenwriters.

What I am proposing is a very simple system similar to the ASCAP model. If a copyrighted book is sold on line, the author (or their estates or whatever) should get some small payment for that "re-publication" (from the legal definition of the word "publish": "to make available for sale") of their work.

I don't know what that fee would be. I am hoping you, dear readers, can offer some insight and suggestions. Perhaps 15% of the sale price, or perhaps 25 cents, whichever is greater? Right now I am getting 100% of nothing, so I am open to suggestions.

In terms of execution and monitoring, I would think that ISBN numbers would make this a breeze to set up. Authors would also need to register, just like members of ASCAP. You would have to accrue a minimum of maybe $50 to get a payment (to save mailing checks for 25 cents).

All sorts of little details would need to get ironed out of course, but that's the concept. And I confess, I have no idea how one would set up a literary form of ASCAP. Federal legislation? I await your insight.

Note, I suspect that it might be a good idea to exempt non-internet on-site sales in bookstores. It's a tradition, it's too easy to cheat, and they don't make much dough anyway. Also the bookkeeping might prove onerous. Although with printed bar codes, maybe not.

Amazon charges $4 for shipping a book when most books only cost $2.50 to ship. Shouldn't some small piece of that remaining $1.50 go to the person who created the book? Composers and musicians and movie producers get re-use payments. How is it that musicians and B-movie moguls have shown themselves to be smarter than authors of books??

Also, from an environmental perspective, instead of publishers always being motivated to make past editions obsolete as much as possible, and always look for ways to sell new books and cut down more trees, authors and publishers would have economic incentive to encourage the purchase and "recycling" of used books, as it would become an added income stream. Updates to existing books could be sold on line. Not sure if this would be a meaningful carbon change, but it's worth looking into. As the cost of paper continues to go up, who knows, could be a huge paradigm shift.

I have a new page on my web site that invites people to start doing this on a voluntary basis. I call it my go-green publication partnership: http://justinlocke.com/gogreen.htm

Big picture: If this added payments system were to work with books the same way it has worked with movies, added income will encourage ever more creation of new products, instead of publishers and authors being squeezed at every turn. At last, readers will not have to choose between supporting their favorite authors and a cheaper deal. Everybody wins, and furthermore, it's the right thing to do.

(c) Justin Locke

GIVEAWAY ALERT!!!

Thank you for reading. We invite and encourage your comments. And we also have a giveaway!

Justin Locke is donating a copy of one of his books, and the the winner will get to choose between Real Men Don't Rehearse, his very popular and laugh-out-loud musical memoir of his playing days with the Boston Pops (see the writeup in this month's International Musician Magazine) , and his new book, Principles of Applied Stupidity (How to get and Do More by Thinking and Knowing Less). Find out more about each book and his other publications and his professional speaking at www.justinlocke.com

How do you get a chance to win this prize? please add a comment below with anything you have to say or comment on this issue. That's it!

Submissions are accepted until Thursday, February 26, 12PM EST. The winner will be chosen by Justin Locke and will be announced the following day.

Yours,
Raz @ Eco-Libris

Tuesday, October 23, 2007

Joe Wikert and the future of the publishing industry

I haven't recommended for a while on a bookish website, and therefore I was happy when I learned few days ago about Joe Wikert's Publishing 2020 Blog.

For anyone who is interested in the future of the book publishing industry (and I definitely am), Joe Wikert's blog is a great place to get information and news from an insider perspective - Wilkert is a Vice President and Executive Publisher in the Professional/Trade division of John Wiley & Sons, Inc.

Only on this month's posts you can learn on issues such as print on demand (POD), future of textbooks, e-books, Microsoft's Live Book search program, and more.

The blog has a clear techie orientation, but even those who are not very interested in new media formats can benefit from it. Sustainable reading is about awareness, vision, leadership and economics, but also about technology.

So you're welcome to check it out. I will certainly will.

Yours,
Raz @ Eco-Libris

Eco-Libris: Plant a tree for every book you read!