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Online book retailer Amazon.com Inc (AMZN.O) said on Monday it has signed a multi-year deal with Simon & Schuster Inc, the second Big-Five book publisher, on the future price of e-books.
Amazon, which had been in talks with Simon & Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.
Amazon, the giant Internet retailer, is taking a step into the physical world with plans to open a brick-and-mortar store in New York City.
Full piece here.
Somebody smarter (or more patient about wading through data) than I am could probably figure out how far along this bifurcation is already, but Amazon is doing its very best to build a body of content that is desirable and available from nobody else but them.
This is something you can do when you’re in the neighborhood of 70 percent of ebook sales and already more than half the total sales for many works of fiction, which is where the self-publishing world is strongest. It is not an opportunity that is really available to any other retailer. Apple has given it a try for more complex ebooks for which they provide ebook-building tools and, presumably, offer the most productive distribution environment for complex content. But they’re playing on much less fertile ground and they don’t have anything like the audience share necessary to drive this strategy very far.
It is hard, if not impossible, to imagine that any other ebook ecosystem could offer benefits that would make it worth skipping Amazon.
"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. "