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How publishing escaped the cruel fate of other culture industries
"the one copy/one user lending model for a one (1) year term." REBUY YOUR EBOOKS YEARLY. YES, REALLY.
With the completion of the Penguin Random House merger on July 1, the company is now the world’s largest consumer book publisher. The newly formed company will have $3.9 billion in revenue, 10,000 employees, nearly 250 imprints, and a global reach, combining Random House’s strength in Latin America with Penguin’s hold in India and China. Penguin Random House will publish 15,000 new titles a year, about one-quarter of the world’s English-language books. What will this mean for the publishing landscape?
My favorite comment on the merger of Penguin and Random House was in an Op Ed in the New York Times. “[M]aybe Random Penguin, as a few wags have suggested, would have been a more apt name.” (The name was widely tweeted and depicted as well.) I can see the image in my own mind, an even more eccentric-looking penguin than Penguin’s own, looking around with a slightly drunken gaze. It is so much more satisfying than the temporary logo.
Libraries buy lots of books. Library patrons like to read bestsellers at the library.
Good trend/demographic info on ebook adoption. Also good intro to the Big Six.
Before we get into this unintentionally hilarious response from an Author Solutions' rep (via Nate Hoffelder), we'll need a...
And why publishers accepted less money from Apple than from Amazon.
"Our experience in this area has demonstrated that management in the cultural sector tends to consider these new companies potential competitors, for which reason they are ignored. Other management teams agree to meet them with a view to extracting information on their vision of the future in the sector, without any real intention of working with them. Other, more arrogant, publishers feel that their broad knowledge of the sector, coupled with certain internal resources, are quite sufficient to face any digital challenges."
Self-publishing services provider Author Solutions and its parent company Penguin are being sued for deceptive practices.
Fairy tale characters parade down Main Avenue with light covered floats for Snowdown's largest event.