Something Is Rotten In The State Of E-Book Publishing

The publishing industry has a problem. The old guard haven't innovated. And neither their business models nor their products embrace the digital books revolution. Take the ongoing and complicated spat between Apple and the Justice Department over the agency pricing model and alleged collusion which ended up with consumers being forced to spend more than they needed to. The battle may expand internationally, in fact. Apple tried to expand its 30% revenue share model, which has done very well in the billion-dollar app economy, into books. It also pushed publishers to agree to a very different way of selling their products: Instead of buying books traditionally, at a pre-agreed wholesale price and then pricing them as Apple saw fit in the iBookstore, it would let the publishers set their own price and extract its usual fixed share of the income ... as long as the publishers wouldn't sell ebooks elsewhere.It was a bold move, and one that could and did shake up the industry a bit. Amazon, the publishers contend, had established a monopoly on ebooks, and was selling their wares at overly discounted prices. With Apple's model they could choose to price ebooks lower than physical books cost (appeasing consumers who expect to pay less for a non-physical product), and yet extract more money due to the cost-savings of e-publishing.The DOJ disagreed, and says Apple's deal meant consumers ended up spending much more than they needed to, hence its action against Apple and a laundry... Continue reading at 'Fast Company'

[ Fast Company | 2012-04-26 00:00:00 UTC ]
News tagged with: #rich media #tablet screens #kit eaton #fast company

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[ Publishing Perspectives | 2013-08-15 00:00:00 UTC ]
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Haruki Murakami's latest novel to be published in the U.S. in 2014

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[ Los Angeles Times | 2013-08-15 00:00:00 UTC ]
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Ether for Authors: How Clear a View of Publishing Do We Have?

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[ Publishing Perspectives | 2013-08-13 00:00:00 UTC ]
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E-book trial: judge has suggestions for enforcing the guilty verdict against Apple

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[ The Christian Science Monitor | 2013-08-13 00:00:00 UTC ]
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More college bookstores offer book rentals

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[ Baltimore Sun | 2013-08-13 00:00:00 UTC ]
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DOJ defends Apple ebook price fixing injunction, says publishers had it easy

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[ Engadget | 2013-08-10 00:00:00 UTC ]
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[ BBC News | 2013-08-10 00:00:00 UTC ]
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[ The Christian Science Monitor | 2013-08-09 00:00:00 UTC ]
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Samsung Ativ Book 7 review: The look is fine; the feel is not

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[ PC World | 2013-08-09 00:00:00 UTC ]
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[ The Bookseller | 2013-08-09 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-08-09 00:00:00 UTC ]
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[ BBC World | 2013-08-09 00:00:00 UTC ]
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[ Crains New York | 2013-08-08 00:00:00 UTC ]
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[ PC World | 2013-08-08 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-08-08 00:00:00 UTC ]
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[ Los Angeles Times | 2013-08-08 00:00:00 UTC ]
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[ The Bookseller | 2013-08-08 00:00:00 UTC ]
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[ The Atlantic | 2013-08-08 00:00:00 UTC ]
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[ Los Angeles Times | 2013-08-08 00:00:00 UTC ]
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[ Editor & Publisher | 2013-08-06 00:00:00 UTC ]
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