Friday, February 18, 2011
News From The Publishing World - 18 FEB 2011
Most of my information is taken from the Publisher's Weekly Online edition.
It's been an interesting week in the publishing industry to say the least.
Here a couple of items and my commentary.
1. EBooks continue to do outstanding in today's market. Sales figures reported in 2010 estimate that ebook sales jumped to 164.4% totaling $441.3 million. These figures were reported by 14 publishers who report to the Association of American Publishers. Knowing there are a lot more than 14 publishers out there, I have no doubt the numbers are higher.
Steph's thoughts: ebooks continue to grow in popularity. Ereaders do for books what Mp3s and ITunes have done for music. I see sales steadily continuing to increase.
Question: Is the digital transition to ereaders a cause of economic uncertainty for authors?
Steph's thoughts: I'd love to hear your thoughts on this. Bestselling author Margaret Atwood recently addressed a tech-orientated publishing talk and seemed to believe it was. For me, just knowing how much ebook sales have risen, I would say no, at least from an economic point of view. As far as the traditional publishing model, and the big traditional publishers, there is more room for uncertainty, especially since so much goes into producing, printing, and marketing of print books.
Food for thought: What's the best way to sell an ebook?
2. So what makes this week interesting? The news that major book seller, Borders, has filed for bankruptcy. The bankruptcy will allow Borders to restructure into a leaner book seller. Out of 642 stores in the USA, 200 will close.
What does that mean for authors? For Readers? What did Borders do wrong? Were they too late switching to the ereader Kobo? I'd love to hear your thoughts about Borders and the publishing world this week.