Welcome back to work, Americans.
Welcome back to work, Americans.
This is an excerpt from an email message Jill Noble sent out last Tuesday announcing her immediate departure from Noble Romance Publishing. Since then the author’s loop has been torpedoed and there is limited communication from the owner of Noble (who is apparently James Noble, Jill’s brother, and a successful technology businessman). A new loop for authors was privately set up and according to author J. S. Wayne, there appears to be a pattern of delayed royalty payments and reported royalties not matching novel rank.
On Erastes’ blog, authors were told to expect more clarification today. Hopefully the promised communication will be released and authors will be treated fairly.
50 Shades has ruined everything, even one of the largest publishing company’s sales margins.
Kaetrin discusses the importance of emotionally connecting with a reader within a sex scene and beyond.
A librarian takes PW to task for charging $149 for the chance to appear in the PW Select which he deems “a waste of time”.
In funny news, apparently being a superhero is super expensive.
Image source: MoneySupermarket;
Samhain is having a nice sale on 6 featured titles. Two include Devil’s Gate by Thea Harrison and Wolf Line by Vivian Arend. 30% off using coupon code “BeachReads”. Store.
Personal Note: Mass market numbers are down 20.8%
Mike Shatzkin talks about selling direct and whether publishers must add this to their arsenal. Many of the people I spoke with at BEA expressed concern about selling direct. The concern that Shatzkin articulates in his post:
What I found fascinating about this next press release was that there were two individuals identified as managing the Amazon.com account. There was no other retailer mentioned by name? How important is amazon? Apparently to HC, important enough to have one person designated to rep them with AMZN:
I asked around and it seems that the blame for the losses related in the next article regarding Barnes & Noble is related to new hires and increased development costs:
From Reader Lana:
Your midday link about Amazon being evil really got me thinking. See, I live in Canada, you know that place just North of the USA. Really close by in fact. Now, it seems a few authors that I have been reading for years are deciding to only sell their books with Amazon from their backlist. I have asked some of these authors about perhaps listing with KOBO, as that is what is mainly supported up here in Canada. Most authors are more than willing to try this, but within the past few weeks, one author has said, no she wants Amazon Kindle exclusives only. In fact, she just released a new book there as well. This has made me decide that I will no longer be supporting this author at all. Am I alone in this? Are there authors that others have stopped supporting because they are sticking to exclusivity?
Have other readers stopped supporting an author? After all, if she goes exclusive, is she really supporting you the reader?
Like the new look to the links Roundup? I’m using this fantastic and free plugin called “Argo Links.”
Loretta Chase backlist titles on sale
Mark Coker has provided substantive information to the DOJ arguing that agency pricing does not lead to increased prices in books.
It’s also fallacy to believe that somehow the wholesale pricing model is the savior and enabler of low prices. Under the wholesale model, the publisher has always set the price at which they’ll sell the book to the bookstore, typically a 50% discount to the suggested list price. The $30 front list hardcover you purchase earns the publisher $15, or less. If the publisher decides they need to earn $18.00 on each copy sold, they’ll set the suggested list price to $36.00. If you agree that under normal circumstances, most retailers will not consistently sell all their books at below cost, then it’s reasonable to conclude that even under wholesale, publishers already control the minimum price all customers, on average, will pay.
It’s a good read and I don’t agree with everything Coker writes because the DOJ is looking at anti competitive behavior, not just agency pricing (if you recall the WSJ interview) and thus much of what Coker writes is inapplicable in that sense. Still, always good to read an opposing point of view.
The Bookseller reports that the volume of ebook purchases is not making up the decline in revenue generated by print book sales. I’m not sure whether these numbers are limited to the UK but it is consistent with other ebook sales numbers I’ve heard. Apparently publishing thought that ebooks might increase the number of book buyers? I’m not sure why they thought that. Rather it is keeping the number of book buyers from fleeing to other sources of digital entertainment. Low priced self published books are also affecting the lowered ebook revenue.
2012 brings big change to the numbers reported by the Association of American Publishers. In the past, the numbers reported by AAP were derived from 70-90 publishers but this year, the organization is reporting sales numbers from from 1149 publishers in January 2012. Yay for better data. The only loser in January 2012, out of both print and digital, was Mass Market Paperbacks which continue its downward slide.
Random House, a division of Bertelsmann AG, saw reduced revenues but part of the decline is attributable to currency exchanges.
At year-end, Random House had 5,343 employees (December 31, 2010: 5,264). The increasing availability of lower-priced e-reading devices and tablets contributed to the surging demand for Random House e-books, enabling the company to record triple-digit-percentage digital revenue growth and counterbalancing decreased sales of print books, especially in the English-speaking territories. … Their year’s top title was “Inheritance,” the fourth and final volume in the eponymous series by Christopher Paolini. For its first eight weeks, the novel sold more than three million hardcover, e-book, and audiobook editions. In the United States, the world’s largest book market, Random House placed 228 titles on the “New York Times” bestseller lists, including 32 at #1. George R. R. Martin’s five-volume fantasy series “A Song of Ice and Fire” sold over eight million copies in North America in 2011.
During the reporting period, Random House acquired the US digital media agency Smashing Ideas and established new English, German, and Spanish print and e-book imprints.
Open Road Media