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.
I just liked this paragraph but the whole piece is interesting and well worth reading!
Case in point: The University of Texas Co-Op — who is the largest seller of used textbooks in the country and the most profitable independent college bookstore in the United States — recently purchased an EBM for $150,000. It has created publishing company Forty Acres Press to manage the machine, which has been affectionately named B.O.B: The Burnt Orange Book machine, in honor of the university’s signature color.
this is a significant jolt to conventional publishing economics. Sales of Konrath’s $2.99 ebook will deliver him about $2.10 a copy (Konrath says $2.04; not sure where the other six cents is going…), as much or more as he would make on a $14.95 paperback from a trade publisher, and significantly more than he’d make on a $9.99 ebook distributed under “Agency” terms and current major publisher royalty conventions.
I noted here and elsewhere how Authors will drive change and pointed specifically to Konrath. It is very interesting that this deal is with Encore whose efforts I have also been watching warily for some time.
Publishers who didn’t see this coming, having been warned that such moves were on the horizon and in the aftermath of a series of similar deals really only have themselves to blame. I wonder what the reaction will be.