Mike’s speech to a packed house at Hachette, as part of a lunchtime lecture series known as The Publishing Point. Delivering what proved to be a thought-provoking and farsighted view of the future of the book industry, Mike had some clear advice for those planning a long career in publishing: the companies that will succeed will be those that focus on building compelling content for well-defined “vertical communities.”
Speech given at BEA 2009. Focusing on the changes that will take place in publishing in the next 20 years. With a look back to the last 20 years, we are able to look forward and predict not only how publishing will be in the future, but also how information will be shared.
There is no doubt that the industry is in a period of significant transition. What can we expect 10 to 15 years from now?… Ten years from now, there will still be more books sold that were printed centrally and warehoused for sale than all other ways combined, but the end of that era will be in sight.
We have turned our attention to a problem we believe will occupy just about all publishers in the years to come, the opportunities and challenges presented by an XML workflow that starts with the author, or even before there is an author.
Why should you care? Because the world we live in is changing, and XML is the key to mastering the change
The basic premise under which we’re operating here, I’ll summarize for those of you have never heard or read my work before, is that horizontal, format-specific media entities are oh, so 20th century, and won’t work very deep into the 21st. The reason for that is the web, which almost forces vertical organization. Horizontal presentations across subject matter — like CBS, Random House, or The New York Times — were the products of a capital-intensive, limited-distribution universe