Barnes & Noble, the venerable book merchant whose history spans three centuries, is in the midst of a strategic identity crisis: how to admit defeat on its Nook platform while turning its last-bookstore-standing status into a de facto monopoly. Barnes & Noble did not spark the e-book revolution – now accounting for 22 percent of all book sales – nor has it proven particularly good at evolving it. So now it’s back to basics, which is to say, back to books.
Inkling, the three-year-old start-up that transforms bulky textbooks into an interactive experience for the iPad and other tablet devices, launched on Tuesday an ambitious new publishing and search platform aimed for non-fiction content such as books on wine and cooking or ones that covers topics like pregnancy.
The Department of Justice, as anticipated, filed suit Wednesday against Apple and five of the Big Six publishers over alleged price-fixing. Three of those publishers have entered into a proposed settlement with the DOJ, but Apple is still on the hook.
By Tyler Cowen
The views expressed are his own.
“Can you sign my Kindle?” I guess authors on publicity tours are assuming this line is a joke, but it soon won’t be. Clever entrepreneurs are developing ways that authors can electronically sign a fan’s Kindle, Nook, iPad, or any such device, sometimes together with a photograph of the author and reader, ready for posting on Facebook and Twitter. One version of this new idea is called Autography.
Successful childrens’ books publisher Nicholas Callaway believes paper is dead and that digital has come of age, writes Mark Egan. But Callaway isn’t worried that big publishing houses will eat his lunch. “They don’t understand the new medium, they don’t have the rights, they don’t know how to create the product and they don’t know how to get it out to the world,” Callaway told Egan. January e-book sales more than doubled from the same month a year earlier, rising 116 percent to $69.9 million, according to the Association of American Publishers. That topped sales of hardcover books, which fell 11 percent from January 2010 to $49.1 million.
On the heels of major booksellers Barnes & Noble and Amazon.com announcing milestones related to their e-readers, The Pew Internet and American Life Project has released a survey called “65% of Internet users have paid for online content“.
Pity paper and ink. Over the next five years magazine and newspapers’ advertising and consumer spending (read: subscriptions) growth rate is expected to decline, according to PricewaterhouseCoopers. The firm released its annual Media and Entertainment Outlook for 2010-2014 and that is one of the more striking, if not predictable, data points in the forecast.