The Frankfurt Book Fair published results of a survey entitled "How will digitization shape the future of publishing?" Over 1,000 industry professionals from more than 30 countries responded to the survey. Overall, the findings are pretty interesting.
40% of respondents expect e-Content will overtake traditional books in sales by 2018.
60% of those polled do not currently [...]
Microsoft announced on Friday that they’re abandoning their massive book digitization project. Likewise, the search site will also be shut down. I’m not totally surprised by this. I’ve always thought this project was more about Microsoft reaching parity with Google than anything else. This much is true…Microsoft figured out that its money should be spent [...]
Or yet another publisher driven internet strategy bound for failure?
Hyperion President and founding publisher Robert S. Miller is bailing on that company to “launch a new global publishing program based on a non-traditional business model” at HarperCollins.
According to the press release, “Miller will publish approximately 25 popular-priced books per year in multiple physical and digital [...]
Amazon’s promise to complete the purchase of Audible as soon as possible following the completion of its tender offer last week turned out to be a couple of days. Yesterday, the growing e-tailer announced it had finalized its $300 million acquisition of the digital audio distribution, making Audible a wholly-owned Amazon subsidiary. Amazon’s $11.50 per [...]
That’s what National Writers Union president Jerry Colby is calling the move by Simon & Schuster to change their standard contract language to retain rights to a book even if it is stored only as an electronic file. For authors, this is a REALLY BIG DEAL.
“Simon & Schuster is violating the principle that a publisher [...]