May 10 2012
Thursday Midday Links (and Deals!): Adult Fiction eBook Sales Nearing 30% at Hachette; Amazon Gets Potter Books in Kindle Lending Library
News
Dear DOJ: Agents Speak Out | Publishers Lunch – “The 13-member board of the Association of Authors Representatives has sent a letter to the Department of Justice opposing the proposed agency ebook pricing settlement with Hachette Book Group, HarperCollins, and Simon & Schuster. In a separate email, the AAR called on members “to express their views on the settlement to the DOJ and we hope you will also urge your clients to do the same. Your note might address whether you feel the settlement will foster competition and well-being in the literary marketplace, or the opposite…. We believe it is tremendously important that we all be heard on this most significant issue. We believe the more letters from publishing professionals that are received, the better the chance of affecting the judge’s final decision.” The organization is planning “an open forum at which we will discuss the various elements of the suit and the proposed settlement,” with details to come.” Publishers Marketplace (paid link)
Personal Note: Of course agents are unhappy with the decline of paper books and frankly their opposition to the settlement just confirms the DOJ’s assertion to the court that ebook prices were held unnaturally high to prevent cannibalization of print book sales and to slow ebook adoption. If you haven’t sent a statement in support but would like to, please feel free to use this form: http://support4settlement.wordpress.com/
LAGARDERE S.C.A. : Lagardère SCA: Quarterly Information – First quarter 2012 | 4-Traders – “On April 11, 2012, Hachette Book Group has negotiated a settlement with the U.S. Department of Justice (DoJ) on e-book sale price-fixing. According to the terms of that agreement, the agency contract with distributors is being maintained, but those distributors may offer customers discounts within certain limits and during a two year period following the enforcement of new contracts.” and “Good performance in the United States (+2.8%) due to steady growth in e-book sales, now at 28% of net Adult trade sales in the US (vs. 20% in 2011).”4-Traders.com
Personal Note: It looks like Hachette is going to pursue some kind of agency pricing deal with Amazon. The only agency pricing deal (which isn’t even agency pricing but whatever) limits the total number of discounts that Amazon can give on a book by the amount of commission Amazon earns on the aggregate sales of the publishers’ books.
Amazon Media Room: Press Releases – “Owning a Kindle just got a whole lot better for magic-loving Muggles. Starting June 19, Amazon.com (NASDAQ:AMZN) is adding all seven Harry Potter books (in English, French, Italian, German and Spanish) to the Kindle Owners’ Lending Library (KOLL). Harry Potter is the all-time best-selling book series in history, and Amazon has purchased an exclusive license from J.K. Rowling’s Pottermore to make the addition of these titles possible. The Kindle Owners’ Lending Library is a benefit of Amazon Prime membership—Prime members also enjoy free two-day shipping on millions of items and unlimited streaming of more than 17,000 movies and TV episodes. The Kindle Owners’ Lending Library has now grown to over 145,000 books that can be borrowed for free as frequently as once a month, with no due dates.” Amazon Kindle Boards
NY1 Exclusive: Memo Shows Company Aware Of State Test Errors – NY1.com – “Almost 30 different test questions have now been declared invalid because they’re confusing or have outright errors. And now Pearson Publishing is scrambling to explain what went wrong and how it’s going to fix things….. The Pearson executive wrote that an investigation is underway but said many errors seemed to result from a lack of proof reading rather than a translation issue. He mentions a math question where a negative sign somehow became a positive sign in a translated version. In another case, the translators seem to have confused common middle school math terminology, replacing the term “mean” with a translation of the term “median.””NY1
Personal Note: This is a story I have been following but didn’t post about. Apparently Pearson Publishing (a division of Pearson which is the parent of Penguin) provides testing materials to schools. A huge uproar began after there was a strange question on an English exam about the feelings of a pineapple. The author took to his website to answer questions about the Pineapple question. You can read more about it here. More problems arose. If the problems are truly because of proofing, then obviously some internal controls need to be instituted. Education, I believe, constitutes about half of the revenue of Pearson.
Inside Amazon’s Idea Machine: How Bezos Decodes The Customer – Forbes – ” Another one-time insider remembers a relentless push for sturdier-than-usual cardboard so customers could reuse its boxes for other shipments or presents, creating goodwill and putting Amazon’s name in front of a second set of potential customers.” Forbes Personal Note: This is a pretty fascinating (and long) article on Bezos.
Groundbreaking series of articles about file-sharing studies from Zero Paid | TeleRead: News and views on e-books, libraries, publishing and related topics – ” Zero Paid takes a look at eight different academic studies of file-sharing. These are not the usual industry sponsored drivel, but legitimate academic studies with science backing them up.” Teleread Personal Note: Thanks for the h/t from reader AdamThis is another long set of articles to read. You might save them up for a rainy day. Spoiler: the money thrown against file sharing isn’t actually stemming file sharing hence it might behoove media developers to spend that money on something else.
Comment from Dear Author – From a self published author: I thought I’d just e-mail here since I didn’t want to clutter up the comments with stuff that I don’t think is of any interest to readers. I wanted to remark on the statistics regarding time windows for when readers browse e-books. While I can only speak for myself, my sales numbers back up the observations that 8 – 9 and 7 – 10 in respective time zones are the most active for browsing. .. I keep an eye on purchase trends for my one self published book, and since day 1, I’ve seen most sales activity during these specific time windows.
Torstar Corp. raises dividend, reports solid results amid challenging environment – thestar.com – “Torstar Corp., publisher of the Toronto Star, is increasing its dividend to shareholders as revenues for the first-quarter declined slightly in a challenging environment, the company said.
…
Earnings before interest, taxes, depreciation and amortization, commonly known as EBITDA, for the first quarter were $40.2 million, down $1.5 million from the first quarter of 2011. The decline reflects relatively stable media results and a decline at Harlequin, which continued to adjust to the shift to digital reading, the company said.”Toronto Star
Amazon.com: Customer Discussions: Random House excludes Kindle for Jurassic Park release – Over on the Kindle Boards, someone discovered that Jurassic Park was no longer available for pre order even though B&N and iBooks had it available and Kindle once had it available for pre order. The reader called Amazon customer support and was told that Random House had pulled the book from the Kindle store for the foreseeable future. I called Amazon and was told that the book was pulled by the author. I told the CS person that Crichton was dead and she said that Amazon doesn’t control availability. I wrote to Random House and this morning was sent a link to the Kindle version of Jurassic Park. What I think happened here is that the Amazon CS reps are trained to blame the publisher for everything.
Deals
- Lavendar Vows by Colleen Gleason * $0.00 * A | BN | K | S
- Tainted by Temptation by Katy Madison * $0.99 * A | BN | K | S
- Lord of Vengeance by Lara Adrian * $0.99 * A | BN | K | S
- Simply Irresistible by Jill Shalvis * $1.99 * A | BN | K | S
- Magic In His Kiss by Shari Anton * $1.99 * A | BN | K | S
- To Surrender to A Rogue by Cara Elliott * $1.99 * A | BN | K | S
- For Better or Hearse by Laura Durham * $1.99 * A | BN | K | S
- Deception by Lee Nichols * $1.99 * A | BN | K | S
- Purple Heart by Patricia McCormick * $1.99 * A | BN | K | S
- The Doomsday Key and The Last Oracle with Bonus Excerpts by James Rollins * $2.99 * A | BN | K | S
- Heart of the Dove by Lara Adrian * $2.99 * A | BN | K | S
- Heart of the Hunter by Lara Adrian * $2.99 * A | BN | K | S
- Heart of the Flame by Lara Adrian * $2.99 * A | BN | K | S
Finally, a fun info graphic from Online Universities:
Brought to you by: OnlineUniversities.com
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May 10, 2012 @ 10:17:36
I love that graphic!
May 10, 2012 @ 12:09:52
What that self-pubbed author speaks is the truth. And, for me at least, Mondays are when I sell the most. Not the weekend. It’s the only thing that makes Mondays bearable.
May 10, 2012 @ 13:09:25
Dangerous Passion by Lisa Marie Rice is $3.99 (I found it at Kobo and BoB for that price). It was the only one in the Dangerous series I didn’t have in e format, so I jumped on that deal.
May 10, 2012 @ 13:50:20
Jane, I’m sorry but with all your hard work to put up all these links all I can think is “oh, DA looks so pretty with all the nice colors!”
I always use Amazon’s cardboard boxes when shipping books for OperationPaperback – and when I turn them inside out I figure Amazon is gettting some free advertising. Or not. But their packing is the best for paper books.
May 10, 2012 @ 14:29:18
I usually read that in a month. And so do many romance readers I know.
So is the difference between the Kindle lending program and the regular library is that there is no waiting for Prime members? Because the HP books are all available at my library to borrow digitally. So why is Amazon claiming the deal is “exclusive?” I am obviously missing something.
I had a CS rep blame the company for showing my super saver shipping deal was delaying my order for a few weeks even though the stuff was in-stock and eligible for overnight delivery. As much as I love Amazon’s customer service, half the time they don’t have a clue what they are talking about. At least that’s been my experience.
I’ve bookmarked some of the other links to read later. Lots of interesting stuff today when of course I don’t have time to read it.
May 10, 2012 @ 14:42:12
With all your hard work in putting up this post, the thing that first really engaged my attention was about the Amazon boxes. We have a corner full of boxes we have received product in from Amazon that we use for mailing or just handing over paper copies of files, etc. No doubt they have saved us quite a bit of money and cornered some good recycling karma for us in addition to any advertising advantage for Amazon.
May 10, 2012 @ 15:02:12
The smile on the Amazon boxes is genius. Every time I see it I think, “Ooh, somebody got a goody.”
May 10, 2012 @ 16:07:37
Thanks for the link to the Forbes article on Bezos…fascinating stuff. Amazon world domination is a scary prospect but it’s good to know the leader is still listening to the people.
May 10, 2012 @ 18:05:15
Souless by Gail Carriger is $.99 at Amazon and Barnes and Noble (haven’t looked anywhere else).
May 10, 2012 @ 21:07:30
Harry Potter on the Kindle Lending Library?! Scooooore! I just hooked my seven-year-old daughter on Harry Potter and the Sorcerer’s Stone. Adding in the incentive to read the next one on Mama’s Kindle? Priceless.
May 10, 2012 @ 23:29:54
I think objective measures of performance (tests) are important, but they are done so badly. I think proof-reading is a cost that every publisher has been cutting. It probably can’t be shifted to India or some other low cost place all that easily.
My son has had math tests from text books where I checked his “wrong” answers and discovered they were right.
May 11, 2012 @ 01:52:45
@Jane – is there any benefit in non US residents like me sending a letter of support re agency pricing and the DOJ settlement? I’d be happy to do it but I’m not sure if there’s any point to it.
May 11, 2012 @ 02:18:44
@library addict: Essentially that’s correct. There’s no waiting in line for a popular book and no due date.
I think Amazon’s deal is exclusive because ebooks can’t be lent without the publisher’s permission and not all of them give it. Amazon will have the books; B&N most likely won’t.
Sep 26, 2012 @ 00:59:00
I’ve learned many important things via your post. I might also like to mention that there might be situation in which you will get a loan and do not need a co-signer such as a Federal Student Aid Loan. In case you are getting that loan through a conventional bank or investment company then you need to be able to have a cosigner ready to assist you. The lenders can base that decision over a few variables but the most significant will be your credit worthiness. There are some loan companies that will also look at your work history and come to a decision based on that but in many cases it will hinge on your rating.