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"In an interesting post, writer Claude Nougat estimated the total number of books on Amazon – about 3.4 million at last count (a number that could include apps as well) and then figured out how many books were added in a day. Nougat noticed that the number rose by 12 books in an hour, which suggests that one new book is added every five minutes. And, most likely, it’s probably an indie book.
Let’s let that sink in.
What does that mean for the indie publisher? If you’re perpetually optimistic, very little. If you’re even a little bit pessimistic, however, you might want to rethink your career."
Excerpt: Perhaps, you may think, I am an ivory tower academic blind to the coming disruptive change…like when the Internet was going to put libraries out of business… then Google…then Netflix…then Yahoo! Answers. Here’s the plain truth: there is a HUGE disruptive change happening in libraries, and it is facilitated by things like Google and Kindle Unlimited. Libraries are shifting from collection-focused buildings to centers of innovation focused on communities. If you think of libraries as places filled with books, you are in for a bit of a shock. Any library that can be replaced by a $10 a month subscription to stuff SHOULD be replaced.
Full post here.
Excerpt: “I’m enough of a realist to assume that consumers will gravitate to the cheapest, most convenient source of content, whether that’s Amazon or the public library,” said Jimmy Thomas, executive director of Colorado’s Marmot Library Network. “Amazon continues to set a high standard of convenience libraries should attend to. And every time this huge corporation does something on a massive scale, libraries should be reminded to approach services differently. Competing with Amazon on its own terms is not a good direction for libraries. But thinking about how to complement Amazon is worthwhile.”Full piece
"Driving the prices lower isn't likely to expand the market of readers, since book prices don't seem to be the deciding factor on whether someone reads a book (time is). But those lower prices directly shrink the incomes of authors, who lack any other means of translating their sales into additional revenue. "
"I’ll use the numbers from my native UK here simply because I have a better grasp of them. As a country we spend some £1 billion a year (currently around $1.7 billion) on supporting the library system. There’s some 60 million citizens meaning that we can, from that sum, afford to pay perhaps £20 (as with most numbers I use, there’s a lot of rounding here, the numbers are not meant to be accurate, just informative as to magnitude and so on) for each subscription. That’s a lot less than Amazon is currently demanding but I would bet a very large sum of money that an adequate bulk discount could be arranged for such a slug of customers."
Amazon is testing an ebook and audiobook subscription service called “Kindle Unlimited” that would cost $9.99 a month. According to pages that were pulled down, it will offer access to over 600,000 titles.
An Amazon executive finally spoke out on the ongoing Hachette contract negotiations, saying that they are in the customer’s long-term interest.
Full piece at gigaoam
Talk at NYPL
In April 2014, Amazon and Hachette locked horns in what has become a very public, and still ongoing, battle over contract negotiations. After the online retailer removed the pre-order option, imposed shipping delays, and slashed discounts on the book publisher's titles, the reaction against Amazon was swift and fierce. But the story of the Amazon-Hachette dispute is anything but simple, and raises critical questions about the future of the book publishing industry. What is really at stake for the companies, authors and readers? What larger issues of free-market capitalism and free speech are at play? And what does the Amazon-Hachette dispute reveal about the future of the publishing industry in the age of e-books? Authors, agents, and publishers take to the LIVE from the NYPL stage to tackle these urgent questions in a conversation moderated by Tina Bennett, literary agent at WME. Guests include: best-selling author James Patterson; Morgan Entrekin, publisher and president of Grove Atlantic; Bob Kohn, attorney and founder of EMusic.com; Tim Wu, law professor and theorist of “net neutrality;” and Danielle Allen, political theorist, author of a new book on the Declaration of Independence and elected chair of the Pulitzer Prize Board.