Tuesday, November 15, 2011

Latest updates on the future of publishing

The publishing industry is one of the most dynamic industries I know, with new products and innovations coming almost every week, if not every other day.

Just think about the last couple of weeks, where we saw the release of two new tablets (Kindle Fire and Nook Tablet), significant reduction in the price of e-readers (again the Kindle and the Nook), introduction of Amazon new e-library and a new innovative book publisher (i.e. iPad editions of children's classics), Ideal Binary, raising $1.03 million in venture capital. And did we mention the upcoming Publishing App Expo?

And these are just the tip of the iceberg.. We keep tracking the most interesting stories on our 'future of the publishing' webpage. Here are links to couple of interesting articles we read in the last couple of weeks:

Amazon lending library and the future of digital publishing
- Virginia Postrel, The Washington Post, November 13, 2011

Amazon.com Inc. is at it again. To the consternation of much of the book industry, the online giant is again offering digital titles for less than major publishers think books are worth. And this time, the price is zero.

The future of books? Publishing by numbers - The Irish Times, November 11, 2011

BARELY A week goes by without something – a full-page discursive article in a newspaper, a hefty blogpost on an arch American culture website – declaring the death of publishing. “Books are doomed. Doomed I tell you!” is the general gambit of these pieces, but many don’t share that view. At a time when books are engaged in a paper-versus- electronic tussle between physical copies and e-reader editions, at least people are still reading.

The Future of Publishing - Rocky Lewis, November 11, 2011

Let's talk about the future of publishing. This conversation usually looks like a self publish vs. traditional publish debate. I believe that is not the “bunny” we should all be looking at behind the camera.

Our relationship with e-books: It's too complicated - Mathew Ingram, GigaOM, November 1, 2011

One of the best things about media going digital is that it can be easily shared and distributed to others with just a click — except of course that it often doesn't work like that, thanks to copyright or licensing restrictions and competing platforms. E-books are a great example:

Epstein on the future of the publishing industry - Sophie Rochester, The Frankfurt Book Fair Blog, October 12, 2011

Jason Epstein has had an incredible career in books – co-founder of the New York Review of Books, a long-standing and lauded editorial career working with literary stars such as Mailer, Nabakov and Roth, and a pioneer in the 1950s when he created a whole new category of book publishing – the Trade Paperback. Most recently he has brought us the Espresso Book Machine – named by Time magazine as Invention of the Year in 2007 – which now gives retailers, libraries and other institutions the chance to offer readers a much wider choice of reading through a print on demand service.

Enhanced E-books and the Future of Publishing - Peter Osnos, The Atlantic, October 9, 2011

Enhanced e-books are thought to be the next major threshold in the digital book universe. We are still in the very early stages of the development and availability of these books, which contain audio and video features. An informal count of enhanced e-books, according to a publishing executive who is following the field closely, numbered about one thousand available on a variety of devices.

Will book publishers be able to maintain primacy as ebook publishers? - Mike Shatzkin, The Shatzkin Files, October 4, 2011

Here’s an assumption that is not documentable; it is my own speculation. I think we’re going to see a US market that is 80% digital for narrative text reading in the pretty near future: could be as soon as two years from now but almost certainly within five. We have talked about the cycle that leads to that on this blog before: more digital reading leads to a decline in print purchasing which further thins out the number of bookstores and drives more people to online book purchasing which further fuels digital reading. Repeat. Etcetera.

For more updates visit our Future of Publishing webpage at http://www.ecolibris.net/publishing_future.asp

Photo credit: marklarson, Flickr Creative Commons

Raz @ Eco-Libris

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