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big advances

September Freebies from Samhain and Updated Digital Backlist from Harlequin

September Freebies from Samhain and Updated Digital Backlist from Harlequin

DA Industry NewsMockingjay sells over 450,000 copies in the first week of sale and goes back to print for another 400,000 copies.   That’s a lot of copies.   You can read our spoiler filled review here.

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File this under the annals of interesting author promotion.   Alyssa Day has a pretty professional music video with an original song that can be purchased on iTunes based on her Warriors of Poseidon series. The song was written and performed by the band Radiator Music.

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We have updated the digital backlist titles from Harlequin.   The August list books are out in the wild and the September list books will be released on the 20th.   I want to recommend the Reid books and the McAllister books. I know Sunita is a fan of Sarah Morgan (who also has an HP out this month, One Night…Nine-Month Scandal, that Sunita is recommending).

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Samsung has released a 7″ tablet called the Galaxy Tablet based on the Android operating system.   The Kobo eReading app powers the “readers hub” of the device.   It looks like a neat device but the price is quite high.   Higher than the iPad. Not sure who the market is here.

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Samhain Freebies for September:

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Investors of the parent company of UK mega bookseller Waterstones are unhappy and suggesting that Waterstones should be jettisoned from the company.   Waterstones is the last big mainstream brick and mortar store in the UK.

Rebel shareholders have opened fire on music shops chain HMV  over its management of Waterstone’s, Britain’s largest books  retailer. Investors want HMV chief executive Simon Fox to sell  the book business if a turnaround strategy unveiled in March  fails to boost returns by this time in 2011.

So digital book sales and online book sales are affecting the publishing business everywhere. Thanks Laura Vivianco for the link and explanation of high street and the meaning of Waterstone’s financial trouble in the UK.

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Smart Bitch Sarah hosted a Sony Reader launch event at the Sony Reader store in Manhattan.   She came away with pictures and thoughts about the new Sonys.   The good news is that the touchscreen has not degraded the quality of the screen whatsoever.   The bad news is the price point.   The lowest price model, the Sony Pocket Edition, has been pushed up to $179.

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I see a lot of authors going YA these days but I’m telling you the money is in non fiction.   Sportswriter Adrian Wojnarowski signed for a $400,000 advance to write a book about Jim Valvano, the late great basketball coach. (ESPN is a big supporter of the Jimmy V foundation. I myself hate it because Jimmy V necessarily brings out Dick Vitale and I find him incredibly annoying).   Anyway, Wojnarowski didn’t deliver and Penguin wants some of its money back.   Wojnarowski is returning $140,000.   I know that some amount of money is paid at the signing of the contract, another portion at the delivery, and another portion at the publication so I suspect Penguin didn’t pay out the entire $400,000 but it probably paid out more than $140,000.

Dear Author

Are Big Advances Killing the Publishing Industry?

Even though publishing is facing dire economic times, it is still spending furiously for celeb books.   Galley Cat points out that these rarely earn out for the publisher so why the overspending?   Dan Stone, agent for many of these celeb authors, argues that publishers must know where the market is otherwise why spend the cash?   I can’t remember the last celeb book I bought unless you call The Audacity of Hope a celeb book.