The Window is Closing

People, it's time, and past time.

The basic shapes of the markets of the publishing world online are being settled; the DoJ action in the US; Google's decision to drop the provision of ebook sales for small bookshops as part of its ebook program; the arrival of serious indie-published bestsellers; the creation of an indie Alliance of Independent Authors (apparently the SoA rejected the idea of taking indie published authors); the removal of DRM from Tor ebooks; and the beginning of ebook lending - there are fewer and fewer blank spaces on the map. The easy moment to do something new is coming to an end. That's not to say that things aren't going to change, just that making them do so will be much harder, and anyone without a single immovable point - call it a platform - will have a very hard road to travel. Maybe too hard.

And let's do that again in slow motion... the beginning of ebook lending.

Once again, Amazon is staking out a new market, creating a new way of consuming books, and once again the company is doing so unopposed by the publishing industry. Why is there not already a Penguin Library App? Where is the Harper Collins "All You Can Read" Book Buffet? It's been five years since the Kindle showed the world that ebooks were a real product, two since Apple rewrote the rules with the iPad. The Kindle is on its fourth generation, fifth if you count the Fire. The third iPad is out. It's not as if there hasn't been time to get something done.

I have been, in general, optimistic about publishing. I think it's all there for the industry to take. I think the natural resources of the traditional houses are so staggering that they should have no difficulty in getting into the game and rewriting the rules. What I am beginning to fear, however, is that for whatever imponderable reason they simply never will. 

If Amazon is able to create this new space and thereby get a controlling share of it without any attempt at a fightback from publishers, even I will have to acknowledge that the traditional industry may be determined to earn that 'legacy' label so unkindly hung on it by the likes of Barry Eisler

Seriously, folks, this is it.

The window is closing. Time to embrace the new possibilities, be a bit brave, and get in the mix. Time to do the Kindle better than its maker. Time to be bolder than Apple. Time to form relationships with readers, treat them like customers. Time to make the shift to the digital world. The alternative is dying of thirst within arm's reach of a well.

Time, and past time. The window's closing.

[Image: The Torches of Nero]

Comments

SoA

Actually, the Society of Authors DOES accept the self-published. From their Eligibility Criteria:

"Full membership is open to ... those who have self-published and have sold over 200 copies of a single title within a 12-month period."

Going by these very modest requirements, it seems they welcome indie authors.

huh

Nick Harkaway's picture

Interesting. I had the impression from Orna on Naked Book the other day that they didn't... maybe there's fine print or something. Or possibly she simply felt that the needs of indie authors weren't going to be addressed properly by the SoA. We could ask her, she's on Twitter! @OrnaRoss

Futurebook also had a review of an ebook lender startup

AppOpus's picture

Yesterday there was an excellent review of an ebook-lender startup on Futurebook. Check it out if you haven't seen it.

This subscription model could work for ebooks, simply because it is bulletproof and proven for video - Netflix, Blockbuster etc. The main concern is pricing - will people pay for an ebook what they pay for a movie?

As for Free ebook-lending, like a library, it's hard to imagine the big publishers going along with it. When libraries were first built in the modern western world, they were opposed by the publishing industry because they were afraid it would destroy their business.

Rob Z

I'm with you on this.

I'm with you on this. Streaming (or lending, whatever you want to call it) is the way forward for e-book publishing. However, when digital goes to 30% or 40%, it's hard to see how a traditional publisher can afford it, since revenues for lending will typically be less than for regular sales. This business model demands more from the industry than just producing digital products - it demands a whole new approach to how a publisher operates, especially us publishers who can't profit from scale as the Big Six can. We will have to bring overhead way down... so much so, that I feel it would be best to start from scratch.

Post new comment

You will need to register to comment on Futurebook.net. Register here This will take less than a minute.
By posting on this website you agree to the Bookseller Comments Policy. comments go live immediately, please be relevant, brief and definitely not abusive.
Enter your FutureBook username.
Enter the password that accompanies your username.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <p> <b> <i> <strong> <br>
  • Lines and paragraphs break automatically.

More information about formatting options

Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.