Well done Kobo!
What’s particularly great about this is that Kobo’s eBooks are ePub using “classic” Adobe DRM. So you can buy nearly anyone — except Kindle owners — an eBook as a gift. The ePub can be read on a Sony Reader, a Barnes & Noble Nook, a Kobo Reader, and other devices.
via Kobo Beats Amazon, Barnes & Noble, and Sony To eBook Gifting « Mike Cane’s xBlog.
Philip goes on to conclude that Publishers have much to bring to the party. he might be right, but the core power they used to have of reaching people through distribution is now gone, the balance of power has shifted and Authors or Rights Holders have a greater ability to operate without publishers:
She told me: “Penguin accepted long ago that they didn’t have the digital rights. Of course they wanted to do it, but why would we. With a brand like ours, people are looking for the books anyway, so the publicity and marketing will happen. It also gives us greater clarity of sales, which books are selling and where. We are very lucky to have such a big brand.”
Of course the deal will be interpreted as a shot across the bows of traditional publishers. And why not? Despite the energetic way that the estate has looked after the Bond brand in recent times—including the development of the Young Bond books and the new titles written by Sebastian Faulks and the Jeffery Deaver version to come—it is unlikely that the estate would have seen an opportunity to self-publish in this way until fairly recently. It has seized the opportunity at the right time, and in a way that will allow it see closely how the market develops.
via Publishers should be stirred, but not shaken by Bond move | FutureBook.