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Lyrical Press

Monday News: Comic artistry, library stories, publisher acquisitions, the lack of professional reviewers, and a movie trailer mashup

Monday News: Comic artistry, library stories, publisher acquisitions, the lack of...

“When my stories aren’t so based on monsters or fantastical creatures, my characters do tend to be Asian-American, even if they don’t explicitly deal with Asian-American issues. There are always going to be little details that signify that they’re Japanese-American or Asian-American, whether it’s their names or the food that they eat or the things they talk about. I think it has a significant role in how I make my artwork and how I tell my stories.” NPR

“The DPLA has its roots in the controversial Google library scanning program. Alarmed that one for-profit company might soon enjoy a lock on a large part of our cultural heritage, a coalition of library leaders, technologists, and archivists in 2010 created the blueprint for what would become the nonprofit Digital Public Library of America (DPLA)—an “open, distributed network of comprehensive online resources” that would draw on collections from the nation’s libraries, universities, archives, and museums.” Publishers Weekly

“The acquisition includes approximately 250 romance, YA, and genre fiction titles in the Lyrical Press backlist. Kensington will immediately begin acquiring new titles for Lyrical Press, as well as expanding its publicity, marketing, and editorial departments in order to dedicate the resources necessary to support and grow the new imprint. All eBooks published under the Lyrical Press imprint will be DRM-free, and books over 60,000 words will be available as print-on-demand editions.” Kensington Publishing

“THERE are many who will not mourn the displacement of literary culture’s traditional elite, dominated as it was by white, middle-aged men of comfortable means and conservative taste. Jeff Bezos, the C.E.O. of Amazon, aimed to exploit such disillusion with the old ways when announcing the launch of Kindle Direct. The self-publishing e-book program would, he claimed, produce “a more diverse book culture” with “no expert gatekeepers saying ‘sorry, that will never work.’ ” But to express discomfort at the attrition of expert opinion is not to defend the previous order’s prerogatives. Nor is it elitist to suggest that making the values and personnel of such professional hierarchies more representative is preferable to dispensing with them” The New York Times

Friday News: B&N’s dismal holiday sales; Lyrical Press removes catalog from Books on Board; and one teacher gives readers sage advice

Friday News: B&N’s dismal holiday sales; Lyrical Press removes catalog from...

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During Thursday’s earnings call, one B&N executive said that this was mischaracterized. Another report has Len Riggio interested in purchasing back the retail side of B&N which is akin to stealing the diamond and leaving the setting. Nook Media, LLC, which Pearson paid close to $90 million for a 5% interest, is now the biggest lower for B&N.

The Nook Media side showed a decline of 26% over last years’ comps with EBITDA losses doubling from $83 million a year ago to $190 million in this year’s third quarter. It is the Nook devices that are causing the big losses. A lot of money has been funneled into the development of devices but there is nothing to show for it. While digital content increased 6.8%, the Nook segment declines indicate that despite all the showroom space devoted to the devices, few people are buying them. If you can’t sell devices over the holiday period, your device are dead.

There are a host of problems associated with B&N’s Nook devices but the biggest one, in my opinion, was B&N’s failure to secure multimedia content such as music and movies. What is the point of a multi function device if there is a limited app store, outdated operating system and no actual multimedia for purchase?

The retail side showed only a slight decline of only 2.1%. In attempting to buy back the only profitable portion of B&N now, Riggio is banking on ebook adoption leveling out at 30% with the remaining readers devoted to print and in store purchasing. Business Wire

If you recall, readers reported problems finding Samhain titles at Books on Board and Samhain responded that 18 months ago it stopped doing direct business with BoB and would only allow BoB access to their titles through a third party distributor. Lyrical Press