With the release of Amazon's Kindle and Apple's iPad in recent years, eBooks are finally mainstream. This group is devoted to discussing the latest developments in the eBook industry, and how you can publish your own books in electronic form.
Mike Shatzkin on Royalties
Mike Shatzkin has two interesting posts exploring the philosophies and economics of royalty percentage, as it applies to old-style publishing, print-on-demand publishing, and eBooks:
- The royalty math: print, wholesale model, agency model
- The other comparison: ebook royalties versus ebook self-publishing
Do you have anything to add?
Sony Unveils Touch eReader Devices
Sony has unveiled three new eReaders, one a 'pocket' reader and the other two touchscreen versions, one with 3G capabilities. The company also has a partnership with OverDrive - an e-book provider which does library loans via eBook - which opens up a whole new area for eBooks (and one that you'd imagine mainstream publishers would not be happy about).
Kindle 3 'Selling Fast' - But No Details
The Kindle 3 is now on sale - and with the cheapest model selling for just $139, sales are brisk. Amazon say it's the fastest-selling model yet...but they won't release any figures:
It's in Amazon's best interest to keep Kindle sales details under wraps, said Michael Norris of Simba Information, a research firm that covers the media and publishing industries.
"They can keep this perception of being the market leader without releasing the details," Norris said. "It's interesting to sit through Amazon earnings calls and nobody pushes for Kindle details. It's as if people are trained not to ask."
..."This kind of message management is beyond normal corporate public relations. And now I've gotten so used to it that I'm becoming suspicious of any stats they release."
With enhancements to the Kobo, the release of the Samsung eReader, and the continuing success of the iPad, Amazon look to have done well getting this new, cheaper and more lightweight Kindle version out on the market at this time.
Google Editions in the Fall
After originally announcing a June/July launch for Google Editions, the internet giant appears now to be aiming at unveiling the new eBook retail platform in the Fall, according to a recent story. Additionally, Google is promoting Editions as an eBook option that might save independent booksellers, rather than condemn them to death:
"We often say we're like Mark Twain: that the rumors of our death have been greatly exaggerated," said Oren Teicher, chief executive of the American Booksellers Association (ABA), an industry group for independent bookstores.
The ABA has reached a deal with Google Editions -- Google's digital bookstore, due to launch this fall -- that would allow its 14,000 members to sell Google's eBooks through their websites.
"Google Editions will serve as an e-bookstore, an e-book wholesaler, an e-book discovery platform and an e-book storage system in the cloud," said Jeannie Hornung, spokeswoman for Google Books and News.
"We anticipate Google Editions will be a popular channel for independent bookstores with a web presence," said Hornung, adding that Google expected hundreds of bookstores to sign on.
Is the Fall release a symptom of problems with the Google Editions platform, or is it part of a marketing strategy, holding back GE until a rumoured Google Chrome-powered eReader/tablet (created in partnership with HTC and Verizon) is available?
Apple & Amazon Investigated for eBook Pricing
Amazon and Apple are under investigation by a US attorney general over the pricing of eBooks. Connecticut attorney general Richard Blumenthal revealed late yesterday he was looking into agreements about the sale of e-books that "may block competitors from offering cheaper e-book prices", saying they "appear to deter certain publishers from offering discounts to Amazon and Apple’s competitors - because they must offer the same to Amazon and Apple". According to Blumenthal:
These agreements among publishers, Amazon and Apple appear to have already resulted in uniform prices for many of the most popular e-books - potentially depriving consumers of competitive prices.
The e-book market is set to explode - with analysts predicting that e-book readers will be among the holiday season’s biggest electronic gifts - warranting prompt review of the potential anti-consumer impacts.
Amazon and Apple combined will likely command the greatest share of the retail e-book market, allowing their most-favored-nation clauses to effectively set the floor prices for the most popular e-books. Such agreements - especially when offered to two of the largest e-book retail competitors in the United States - threaten to encourage coordinated pricing and discourage discounting.
Full story at The Bookseller.
Kindle Goes Mass Market
With a price war developing between eReader devices (Barnes and Noble's Nook can now be purchased for just $US149), and the iPad making significant inroads into the market as well, Amazon have gone on the attack by announcing significantly cheaper Kindles - including a WiFi only version for just $US139:
The new Kindle features a screen with increased gray-scale contrast, a battery that lasts for a month, and a slightly smaller size. It will come in two flavors: one with Wi-Fi and 3G Internet connections selling for $189, the other with Wi-Fi only for $139. The latter will be among the cheapest wireless-equipped e-readers on the market, at least for now.
"We developed this device for serious readers. At these price points, it may be much broader than that," said Mr. Bezos in an interview. "People will buy them for their kids. People won't share Kindles any more." Amazon will begin taking orders Thursday and the new models will begin shipping Aug. 27 to customers in 140 countries.
The new models and pricing seem aimed primarily at undercutting other comparable devices such as the Nook, rather than taking on the iPad. In the words of Jeff Bezos, "adding video and animation is not going to be helpful. It is distracting rather than enhancing. You are not going to improve Hemingway by adding video snippets."
Here's Bezos on Charlie Rose explaining further:
Introducing Adobe Digital Publishing Magazine Workflow
Adobe have released a short 'introduction' (read 'promotional video') to the workflow of their Digital Magazine publishing platform. Certainly an eye-opener to the capabilities that will probably quickly become standard in e-magazines:
Visit the Adobe blog for more information.
Amazon: eBooks Outselling Hardcovers
On Monday Amazon announced that over the last 3 months, sales of Kindle books had outstripped those of hardcover books on the bookselling behemoth's website (and that's not even counting free eBooks):
In that time, Amazon said, it sold 143 Kindle books for every 100 hardcover books, including hardcovers for which there is no Kindle edition.
The pace of change is quickening, too, Amazon said. In the last four weeks sales rose to 180 digital books for every 100 hardcover copies. Amazon has 630,000 Kindle books, a small fraction of the millions of books sold on the site
Amazon's reticence to release hard figures has some questioning the statement though, or at least wondering what the figures actually mean given price disparity and books available.
Nevertheless, one interesting point is that Amazon's eBook sales have continued to grow since the release of the iPad, suggesting that while the device may be some sort of rival to the Kindle, it does just offer a new market for Amazon's eBooks (via the Kindle for iPad app).
Amazon Patents Dual Screen eReader
Is Amazon likely to fight the iPad incursion into eBook territory by doubling the amount of screens? According to this report, they have just been granted their patent on an eReader which sounds like a large-scale version of the Nintendo DS - here's info from the patent application:
A handheld electronic book reader device is equipped with dual displays. The device includes a first display for presenting visible representations of textual or graphic content related to the electronic book. The device also includes a second display positioned alongside the first display. The second display includes a plurality of graphic elements that correspond to portions of the first display.
...Also, the second display is responsive to user input to one of the graphic elements to perform an action on the content that is shown in the portion of the first display that corresponds to the one element.
It might be telling though that the application was first filed in 2006...and given the speed at which the eReader sector is evolving, this design may well be obsolete already.
Patterson Becomes eBooks First Million-Selling Author
James Patterson has become the first author to sell a million eBook copies of his work, according to his publisher Hachette Book Group:
The Hachette Book Group says Patterson has moved 1.14 million units of his books for devices like Kindle and the iPad. The big seller, by far, is the most recent: Patterson's novel "I, Alex Cross," which was published both electronically and in hardcover last fall. Since his first novel in 2007, Patterson's books have sold more than 205 million copies.
There's no third-party monitor of e-book sales, so Hachette used its own figures and checked other prominent authors. The publisher didn't find any others who had cracked the million mark.
Any other authors out there that you think might be close to the million mark?
Random House Prez: eBooks 50% of the Market in 5 Years
Gina Centrello, President and Publisher of the Random House Publishing Group, says on current trends eBooks will have 50% of the market share within 5 years - and suggests that publishers need to look at ways of adding value to their product:
Her estimates are based on recent growth. She said that last year eBooks represented 3% of the market and this year it will be about 10%.
Because eBooks are the next wave, Centrello questions if digital books should become more than just a channel of distribution and encouraged a room full of publishing industry people to consider adding music and video to books when it makes sense. Still, she thinks that a book will still be about story.
Jeff Bezos on Future Prices
In an interview with Fortune, Amazon CEO Jeff Bezos says that Amazon's Kindle stands on its own merits as an e-reading device, despite the onslaught of Apple's iPad. In addition, Bezos continued to exert pressure on publishers when it comes to eBook pricing:
First of all, there are a bunch of publishers of all sizes, and they don't all have one opinion. There are as many opinions about what the right thing to do is as there are publishers. So you're seeing that some of them are being very aggressive on prices, pricing their books well below $9.99. Others are trying to do everything they can to make prices as high as possible. And what you're going to see is a share shift from one group of publishers to this other group of publishers.
Who would that other group of publishers be...?
Apple Grabs a Quarter of the eBook Market
Apple's debut of the iPad and iBookstore has been a successful one, with Steve Jobs announcing some impressive figures during his Worldwide Developers Conference keynote:
According to Jobs, users have downloaded more than 5 million books—approximately 2.5 for each device sold—in the first 65 days of iBooks’ availability. In addition, five of the six largest publishers have reported the app's share of their electronic sale to be about 22 percent, which is rather impressive for an e-book reader that has been on the market for just over two months.
That's quite a significant amount, given the short amount of time that the iPad has been available.
Kobo Review
Here's an excellent review of the upcoming Borders 'Kobo' eBook reader by retired journalist Len Edgerly, with some comparisons to Amazon's Kindle and the Barnes and Noble Nook:
The Kobo is set for release on June 6.
