I wonder how long before we stop reading these types of stories, either because it has become so established a route to publishing success that it’s not worthy of comment or because no author would be crazy enough to do the deal?
I suspect publishers will just have to keep paring back their at operations edges (the fat if you will, though i sure in some cases they’ll be cutting muscle) in order to offer enough cash and royalties to sink these deals:
“It’s life-changing,” said Graves, who chronicled her path from rejection to viral e-book sensation last month in the Des Moines Register. “I’m happy for my good fortune and humbled by it. I’m not sure what happened.”
What happened is this: The 45-year-old Clive mother of two rose before the sun and work at Wells Fargo every day and tapped out a steamy novel about a 30-year-old English teacher shipwrecked on an island with a 16-year-old student. She was rejected by 40 book agents and 14 traditional publishers so she spent $1,500 for editing and formatting and posted the e-book on Amazon.com. It sold only 100 copies in the first month, then took off by word of mouth and thousands of positive online reviews from readers.
A paperback was offered and by last week the title rose to No. 7 for e-books and print sales combined on the New York Times best-seller list.
via After viral e-book, Iowa author inks seven-figure deal | The Des Moines Register | DesMoinesRegister.com.
I’m intrigued by this. Not least because 5,000 paperbacks in 7 months is 23 books a day. Impressive stuff, though I wonder if ut makes any money:
Politics and Prose has produced almost 5,000 paperback books — some in as little as five minutes — since receiving the book machine nicknamed “Opus” last November. Leggett said about 90 percent of the books printed on the machine are self-published works by local authors.
The others are out-of-print editions, millions of titles available in the public domain like Google Books, and digital formats licensed out through major publishers including Harper Collins.
Alfred Morgan Jr. was able to get a copy of his father’s out-of-print 1923 aviation guide, “How to Build a 20-foot Bi-Plane Glider,” printed on the machine for $8. The volume was on Google Books.
via Independent bookstores embrace digital publishing with ‘espresso’ book machine – The Washington Post.
Very sensible and not even remotely surprising:
And increasingly, one of those ways is in digital book format. The fast rise of tablets and e-readers, the low-friction of buying content through vertically integrated experiences from the likes of Apple or Amazon, and the explosion in new voices that digital books have enabled, have all helped e-books ride up the hockey stick of growth to reach 25 percent adoption in the broader market, and is no doubt even higher among our own early adopter audience.So what does that mean for us? At GigaOM, it usually means we try new things. One thing I learned quickly when I came over to the company in 2009 to help launch a new model for market research, it was that Om and our CEO, Paul Walborsky, encourage their employees to experiment and embrace new ideas. So late last year, when Mathew, Nicole Solis and I suggested we should try our hand at e-books, they were all for it.
Announcing GigaOM Books’ first two titles
And so today, we’re happy to announce our new imprint, GigaOM Books. What is GigaOM Books exactly? Well, it’s where we’ll publish new works from our own team of writers as well as other great voices we’ve discovered. We’ll also publish some of our most popular reports from GigaOM Pro, allowing, for the first time, access in e-book format to great research on Kindle, Nook and iPad.
via Introducing GigaOM Books — Tech News and Analysis.
Wowzers! How crazy is this?This makes publishing Hebrew Books pretty uncompetitive. How does all this work with ebooks?
The bill also states that for the first 18 months authors will receive a minimum 8% royalty for the first 6,000 books sold, and royalties of at least 10% for all books sold after that number.
For the next seven years, publishers will be obligated to pay authors at least 16% royalties on profits from their books.
via Bill will end low prices for new Hebrew … JPost – National News.
Great post from Brett Sandusky here. I disagree with some of it, but the main thrust I agree with very much:
What I hope will be coming down the pike is not just an acceptance of direct-to-consumer as an necessary channel, but what I’ll call for now the curated distribution experience. Right now, we take so much time to polish our content and our products, and then we just throw away. All this content curation we’re doing or at the very least talking about makes no sense at all if we simply hand over the UX ownership to retailers and their locked devices. In fact, not owning the whole customer experience with regards to digital has basically reduced us to little more than book packagers for our retail partners. And, we’re not even getting paid for it.
via The Biggest Lie in Publishing | brett sandusky.