But start we must
So how about with this piece from Crain’s New York about a new ebook publishing house (strangely sans website yet) OR Books. The house is run by, John Oakes and Colin Robinson, two veterans of New York’s independent literary scene. To my mind the most interesting tidbit in the article was in terms of their business plan:
Publishing only e-book and print-on-demand editions, OR won’t have to deal with any returns. The company also won’t share revenue with distributors, wholesalers and bookstores, which together can collect as much as 60% of sales. The savings will go into online marketing campaigns that will run about $50,000 to $75,000 per title—huge sums for so-called mid-list books.
Print-on-demand trade paperbacks will sell for $15 apiece, but the partners have yet to decide what to charge for e-books. Typically, prices for new titles range from around $26, or the same as a hardcover, to the discounted $9.99 that Amazon charges for most of its Kindle titles.
OR will also make a small number of books available to cooperating bookstores on a nonreturnable basis. And it will consider a title a success if it sells just 5,000 electronic copies.
I’ve added the emphasis there. That, frankly seems a pretty significant sum to be even contemplating in ad spend online (or will that mean print ads for ebooks? And the ebook price is not yet set? Stranger and stranger I say.
Wherever Spanish is read
Everywhere online and digital if the latest reports are to be believed. The top three Spanish publishers have joined forces to create a digital distributor. Seems eminently sensible. A much fuller article can be read on Publishing Perspectives a relative but very interesting newcomer to the publishing news scene, focused on international views and opinions. from the text it seems like these major players have developed a pretty sensible model too:
In negotiations with the Association of Spanish Literary Agencies (ADAL), the publishers have agreed to price ebooks at 80% of a printed books cover price, with a standard 25% royalty rate. Booksellers will be offered a maximum discount of 50%.
The truth, plain and unvarnished
I’ll only cover three items today and perhaps do a follow up post tomorrow, but that third item must be Andrew Savikas’ really gauntlet throwing down piece over at o”Reilly Radar in which he basically calls B*llsh*t in people who think the value is in theur conent. twitter has been abuzz with publisher types praising it all day and with real reason. it is clear, concise and devastating for those who disagree with his perspective:
“But people are still buying content when they buy a book or an album,” the argument goes. Yes, they are. The same way that you’re buying food when you go to a restaurant. You are purchasing calories that your body will convert to energy. But few restaurants (especially those you visit frequently) have ingredients any different from those you can get yourself at the corner store, for much less money. So it can’t be true that your primary goal is to purchase food; you’re purchasing a meal, prepared so you don’t have to, cleaned up so you don’t have to, and done so in a pleasing and convenient atmosphere. You are paying for the preparation of the food and the experience of eating it in the restaurant, not the food itself  (beyond the raw cost of the physical ingredients, which in the case of digital content is effectively zero).
And to finish the sad news, for the staff of Borders in Blanchardstown, the book buyers and the publishers of Ireland is that the only Irish store in the UK arm is closing along with four UK based branches. It is a real shame, I liked the store though I will freely admit I got there irregularly. I wish there was some way to avoid this outcome.
Not happy this evening,