Interesting piece on price I found via: Book2Book earlier today
The marginal-cost-is-all argument also fails to take into account copyright law, which essentially grants each new work a sort of miniature monopoly. If I write a book about something, you can’t republish it unless I give the okay, or unless it’s 70 years after I kick the bucket and the copyright expires. You can argue about whether copyrights are too long or too restrictive, but we grant them so creators and investors do the creating and investing they otherwise would do much less of if anyone could profit off their work. Just because a product is digital doesn’t mean it’s infinitely abundant—as long as the law is enforced.
via Whats the right price for ebooks? updated : CJR.
Great piece this and one worth reading and pondering for some time. Think how you might respond too:
When unexpected things happen, Amazon, unlike most companies, does not immediately respond with knee-jerk PR damage control. As Bezos said during an interview a while back, the company is willing to be misunderstood and endure temporary PR blowback. The larger gameplan is too important.
Which is why the current furor over the price comparison app, and the related #OccupyAmazon reaction, is unlikely to elicit any dramatic responses from Amazon. Where other companies might respond with overwrought displays of contrition and dramatic conciliatory gestures, Amazon will likely do the minimum necessary, wait out the storm, and move on. Amazon dealing with its market is the corporate equivalent of a patient, low-reactor parent dealing with a child throwing a tantrum.
More than any other corporation of the Internet age, Amazon embodies the emerging culture of business strategy. It is the General Electric of our times, and Bezos is the Jack Welch. When the definitive book on corporate strategy for the early Internet era is written, Amazon will be the main example, not Google, Apple, Microsoft or Facebook. Those are great companies too, but their greatness lies in other departments. As far as corporate strategy goes, they are mediocre players, not grandmasters.
via Why Amazon Is The Best Strategic Player In Tech – Forbes.
You should read the full piece, but I don’t buy the logic. HC would be far better off spending considerably less on a decent design/code house that would bring expertise inside or even in buying the time of an outside house in full than attempting to integrate a large publisher facing all the same issues it faces itself to acquire digital innovation know-how. Two better reasons present themselves for this move, the first, content acquisition and lots of it and the second defensive market consolidation.
HarperCollins is acquiring Christian publisher Thomas Nelson—publisher of the mega-bestselling Heaven Is For Real—for an undisclosed sum in a deal that will be finalized by the end of the year. Thomas Nelson has been on the forefront of experimentation with digital publishing, and HarperCollins is buying not just the company but also that digital experience.
via HarperCollins’ Acquisition Of Thomas Nelson Is An Investment In Digital | paidContent.
Excellent post by Thad this, read and think:
As you can see, Apple is missing half of the 10 titles on this week’s ebook bestseller lists (narrowed down to just self-published titles). That has to be troubling to Apple and its publishing partners. Apple and the big trade publishing houses could argue that the sorts of people who buy 99 cent ebooks aren’t iPad/iPhone owners. That would not be a clever argument. I would argue that after launching the iBookstore with great fanfare Apple is acting very much like a company that doesn’t much care about ebooks.
Barnes & Noble faces a different problem. None of the books here sells for over five bucks and yet Amazon manages to discount many of the titles from Barnes & Noble’s list prices, on average over a third off (of course it’s prices are lower still compared with Apple’s).
via Thad McIlroy – Future Of Publishing » Don’t Compare Specs, Compare Content.
I’m intrigued by this news on many levels. There’s much to admire in Text. I can see how the ending of the Canongate link up may present challenges but opportunities too, especially when the new owners are possessors of deep pockets like the Wheelers. It’s the hint that the move on Canongate’s part might be a defensive one, a move to retrench back to the UK market that intrigues the most.
The Wheelers bought their stake in Text from Jamie Byng, the head of Edinburgh-based publisher Canongate with which Text entered a partnership in 2004. Negotiations took place over the past few months, with the deal sealed last Friday. Mr Byng said he sold to refocus on the UK market.
Text Publishing was established about 20 years ago by former McPhee Gribble publisher Di Gribble as part of Eric Beechers Text Media. Michael Heyward has run the company since publishing its first book, Shane Maloneys Stiff, in 1994. He, his wife, senior editor Penny Hueston, and Mr Byng bought the publisher in 2004 from John Fairfax, owner of The Age, which had bought Text Media in January of that year.
via Travel guide gurus open new chapter in publishing career.