Estates

On The Internet, Nobody Knows You’re A …. Backlist Book

There’s a wonderful New Yorker cartoon from a few years ago by Peter Steiner and it captures an essential truth about the anonymity of the internet, about privacy and SO much more. I’m not sure I can justify using the image without licensing it, so I’ll just link it on up. In any case, the catch line is: “On the Internet, nobody knows you’re a dog.”

Recently, I’ve got to feel that publishing is experiencing its own version of this cartoon and it is seeing it happen with backlist titles. It’s not just because Catherine Cookson’s estate has decided to bring her titles out as ebooks, nor even that Barbara Cartland’s backlist is getting the same treatment. It also isn’t JUST because the first two titles in Amazon’s new Montlake Romance list will be two of Connie Brockway’s backlist titles.*

On the internet and most especially when you are an ebook, no-one knows you are a spine out title in a regular bookshop. No one checks your inside page to see your publication date or worries about your condition. In fact, if you have a nice cover, a good blurb, a sensible amount of meta data and a good price, you will be accepted along with the freshly published, the self-published and the badly published, just one more option in a vast sea of options.

An almost perfect example of this is the Len Deighton novel I bought on my Kindle for my recent trip to LA. I wanted something with a spy theme or at the very least a good thriller. If I’d been in a bookstore, Deighton wouldn’t have had a look in, firstly because he would be unlikely to have any shelf space (despite a recent reissuing of the texts with damn fine covers), at best maybe a spine out copy or two and secondly because other, newer titles would have been calling out for my attention on tables and in 342 offers.

Online however,  I spotted the nice Deighton cover while browsing spy novels, I had just read a second-hand copy of one of his other books, liked that, liked the price and bought the book, deal done. That it was backlist didn’t matter, and except that I’d bought a paper version previously it might never have entered my head.

There are lots of stories like that one online and what they mean is that new books have to compete directly with old books and especially when it comes to ebooks.

I wrote about this (from a slightly different perspective, but the case holds I feel)  in a short series of articles on Things Publishers Fear. The relevant piece is in an article on Google:

The database brings the reality of competition with EVERY SINGLE BOOK EVER PUBLISHED into sharp focus for publishers as new books face increased real challenges from books published 10, 20, 300 years ago and in every conceivable context, on a phone, laptop, desk computer, iPad, iPod, wi-fi enable device, anything that connects to the cloud and has a screen (not to mention an increase in POD). So if the web enabled a flood of amateur (and let’s face it not always terribly good) content, Google’s books database enables a flood of real professional content that rings true with quality and which at a time when being published was harder than it is now has the stamp of publishers approval. This onslaught threatens directly the lifeblood of all publishing, the new book trade, in ways that all publishers rightly fear.

The ebook sales surge, and the increased power this has given authors, combined with the new ability of backlist to ignore its status and sell to new (and old) customers makes it clear that the frontlist centric model of publishing is heading for a crisis. Of course, if publishers are smart (and many of them are) they will see that this competition presents opportunities for their enormous backlists, if they can just get them online and ready to sell.

Right now authors, agents and estates seem to be the most active in the field (and I have a lot more to say about that), but that’s because most people haven’t head about Open Road Integrated Media (ORIM) and the crazy growth of its backlist based list.

Here’s a taster of ORIM’s thinking from the website:

Open Road partners with authors, estates, and their agents to digitize, design, distribute, and market their backlist books electronically. In 90 days an author’s backlist works can be brought to market with new digital covers and promotional materials and made available widely on all ebook reading devices. Our distributors include Amazon’s Kindle Store, the Apple iBookstore, Barnes & Noble’s Nook store, the Sony Reader Store, Kobo Books, and Overdrive.

Oh yes, ORIM knows what it is doing, knows what it wants and has been driving hard for about 18 months to get there. On the basis of a quick count ORIM will have published some 208 ebooks between January 2011 and May 2011 if it gets everything listed on the site out on time, adding to well over 1000 already published. Of course, it’s led by Jane Friedman and, as this New York Times piece makes clear, she’s no slouch.

All of which goes to suggest that something big is happening slowly but surely to the shape of the trade book publishing industry.

While we can expect ebook sales for frontlist titles to rise as more and more readers move online, as they become comfortable with their ereading and they begin to explore, we should also expect the long tail to do even better in ebook and digital format than it currently does in physical form, especially if the effort put into those titles is even a little more than nothing.

I don’t know that it is a good thing or  bad thing, I suspect, on balance it is a good thing, but I just don’t know for sure. One thing I do know is that it’s going to be very interesting indeed.

Not a great day, but a good one!
Eoin 

*Well I well and truly picked that up wrong. IN fact the first title will be The Other Guy’s Bride which is an original new work by Connie Brockway

Go Read This | Publishers should improve their royalty rates | FutureBook

Sonia Land tells it like it is. Publishers cannot hope to avoid 50% net for ebooks in the medium term, at the very least on back-list titles:

Publishers can so simply redress this threat: their main concern therefore must be to secure book rights and this they can easily do by offering a fair rate to authors for their e-book rights. If any publisher offers an author 50% of net proceeds from the sale of an e-book, an agent will be hard pushed not to go with them even if the author can get 70% from the online retailers.  And I will be happy to go with a publisher because I believe they can still publish a book better than anyone else.

But does this mean that a publisher will lose out financially? I really don’t understand why the financial guys in the publishing world don’t do their sums properly. No matter how a publisher tries to gloss over the figures, there are huge profit margins in the sale of each e-book. There are no paper, print, production costs; no distribution costs in a time of ever increasing fuel prices; no need for inventory control and yes, let us not forget the bane of all publishing companies – return of books! And one last big plus: every sale is a cash sale!

via Publishers should improve their royalty rates | FutureBook.