I’ll admit that I would have thought a few years ago that by the time we got to the point when more than a third of unit sales for major houses had gone digital — and perhaps more than half for fiction — that the future shape of the book business would be discernible. But, […]
Two questions that loom over the trade publishing business
A lot of people in publishing would pay a lot of money to get a reliable answer to these two questions: When will the growth in Amazon’s share of the consumer book business stop? Who will be left standing when it does? I won’t attempt to answer those two questions in this post. In fact, […]
By one benchmark at least, we are probably halfway through the (r)evolution
A couple of major (Big Six) publishers have acknowledged that ebook revenues for them have passed 20% of their revenues. Of the 80% that remains print, I think it would be conservative to estimate that 20% of that is sold online. That’s an additional 16 percent of their business. Adding those together tells us that, for at […]
Learning some things at ABA’s Winter Institute
The American Booksellers Association held their seventh annual “Winter Institute” in New Orleans this year, and it took place last week. When I had a meeting at Frankfurt in October with the ABA’s Chief Executive Officer, Oren Teicher, to recruit him to speak at Digital Book World 2012 (which he will do this coming week), […]
Some things that were true about publishing for decades aren’t true anymore
Back when my father, Leonard Shatzkin, was active with significant publishers — the quarter century following World War II — he observed that very few books actually took in less cash than they required. That is not to say that publishers saw most books as “profitable”. Indeed, they didn’t. They placed an overhead charge of […]
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