What's Up with Publishing?
First, I want to state that I have no answers about what's happening with the publishing industry. However, over the last several weeks I have observed some interesting trends:
- Borders is bankrupt and is planning to close a number of stores. I'm not sure how many will eventually be selected, but this is a major blow to book publishers as well as Borders. The company is in debt to several publishers and there's no suggestion that all the owed funds will be repaid.
- Sales on ebooks continue to climb. I don't think this is an artifact. People are increasingly getting ereaders, Kindle, Nook, and others. Versions of ereader software are available for PCs. I suspect that the ease of obtaining and the price are turning more and more people to buying books for ereaders.
- Random House has announced that they're joining the agency model. Random House announced that "Going forward, Random House will set consumer prices for the e-books we publish, and we will provide retailers with a commission for each sale."
- Thomas Nelson is offering coupons in it's books in bookstores for prizes. I'm sure the company hopes that the desire for something free will encourage people to look for TN books.
So what does all this activity mean? A few things are clear, at least to me. Ebooks are here to stay and may well be the wave of the future. This becomes even more likely with the advent of iPad 2. The iBookstore is apparently a lucrative place to sell books. In all this maneuvering, it seems to me, that independent bookstores, including those on the web are on the losing side. From personal experience, I can say that I sell twice as many books on Amazon and Barnes and Noble than I do on sites like Smashwords and other independent sites, certainly more than I sell hard copies.
I'm interested in what you think. For me, I think it's a good new era in publishing. The playing field for authors is leveled. Amazon and Barnes and Noble, among others, will sell your self-published books the same way they do the books from the major publishers. Is it a bad time for independent bookstores? Without question. I find that I spend my time locating books on the web rather than visiting my local bookstore. Prices are better and I don't have to travel a long distance and then be disappointed.
So what do you think about the state of the industry? I'd like to know.
BIO: Nancy Famolari splits her time between her farm in the Endless Mountains of Pennsylvania and a smaller farm near Ocala, Florida. Her five horses are becoming seasoned travelers. Before moving to Pennsylvania, she and her husband owned a small Standardbred breeding farm in Central New Jersey. Her soon to be released novel, Winner's Circle, is based on her experiences in harness racing. Her other novels include: Unwelcome Guest at Fair Hill Farm, Murder in Montbleu, and The Lake House.
Nancy's Website
Blogs:
Nancy Famolari's Place
Nancy Famolari's Author Spotlight
Montbleu Murders
For more writerly insights, please visit Virginia Grenier's blog tommorow for a feature with Donna McDine.
BIO: Nancy Famolari splits her time between her farm in the Endless Mountains of Pennsylvania and a smaller farm near Ocala, Florida. Her five horses are becoming seasoned travelers. Before moving to Pennsylvania, she and her husband owned a small Standardbred breeding farm in Central New Jersey. Her soon to be released novel, Winner's Circle, is based on her experiences in harness racing. Her other novels include: Unwelcome Guest at Fair Hill Farm, Murder in Montbleu, and The Lake House.
Nancy's Website
Blogs:
Nancy Famolari's Place
Nancy Famolari's Author Spotlight
Montbleu Murders
For more writerly insights, please visit Virginia Grenier's blog tommorow for a feature with Donna McDine.