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HarperStudio’s CEO, Bob Miller, Begins a Series on the Broken Publishing...

Ask anyone with a business degree and they’ll tell you that the business publishing model is broken. For example, isn’t it crazy that unsold goods get to be returned for credit? What other business model allows for the manufacturer to shoulder all the risk?

It’s either time to change or watch the traditional publishing industry struggle to make it from this generation into the next. Bob Miller, the CEO of HarperStudios, is engaging industry leaders in a discussion about where publishing is and where it is going. The first response he has posted is George Jones of the struggling Borders.

While I am interested in hearing what everyone has to say on this topic, I do wonder at Bob Miller’s imprint and how revolutionary it really is. After all, over fifty percent of his releases in 2009 are from celebrity authors who already have a built in base. There is only one fiction book.

Via Galley Cat.

Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

2 Comments

  1. MCHalliday
    Oct 14, 2008 @ 11:59:44

    George Jones wrote:

    …we are rolling out the new Borders.com e-commerce site on our in-store kiosks so that we can keep store inventory productive and still offer customers a very easy, prompt way to get the titles that may not be in the store…

    Mr. Jones is implying this e-service is beneficial for all but simply, it shifts personalized ordering with a clerk onto the customer and allows for reduced stock, pending popularity of a title. And while “marshmallow resisters” may be willing to wait for an order, many others would rather buy a book already shelved.

  2. XandraG
    Feb 11, 2009 @ 09:50:45

    If HarperStudio has celebrity authors as its major participants, that might be a good thing. After all, part of the overall problem is the loss stemming from ridiculous advances to celebrities that never earn out. Having a “celeb” receive a bigger portion of actual sales may not be all bad if it takes out the mega-ridiculous advances. I mean, I give them props for trying something new. If it doesn’t work, at least *something* new was attempted, instead of more wringing of hands and waily-waily-waily. Let’s see where it goes.

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