According to the London Evening Standard, the publisher of the popular book and movie The Girl with the Dragon Tattoo had 25% of their ebook sales attributed to that one particular work. Quercus is the publisher of The Girl with the Dragon Tattoo, and their chief executive officer Mark Smith said that he believes all of their e-book sales will make up between 17 and 20% of gross book sales in the calendar year 2012.
“People are buying more because it’s so convenient,” said Smith.
With that said, Smith also explained that the ebook sales do tend to be seasonal, with a majority of sales coming around Christmas time and the subsequent three months.
“What ebooks I buy for my Kindle and what I am willing to pay for them has absolutely nothing to do with the price of the device itself. And to say that it does is ridiculous. I buy between 20 – 40 books for my Kindle per month. I am a voracious reader. Unless a book is by an author that I like enormously I will not pay over $9.99. I usually don’t buy books that cost even that much. Period. I put books that cost that much on my Wish List & check back periodicaly to see if the price has dropped, which usually happens when a paperback edition of the book is released. I don’t read as many mysteries anymore because for some reason that genre has higher prices than any other. I’m a patient person. I wait until the price goes down. Or get it from the library.
Publishers need to realize that by lowering their prices they’ll make more money from ebooks because they’d sell many, many more. Even old books that were published 60 – 80 years ago are being put out by publishers at $9.99! Get real. Once a book is on the publisher’s computers for publishing, the editing and other technical details are done anyway. The only thing they have to do for an ebook edition is to format it properly. It’s all digital. No additional costs for cover art. No cost for warehousing ebooks. No returns processing for ebooks. No printing costs for ebooks. And publishers expect us to pay the same prices they charge for hard copy books?!?”
READ THE FULL STORY FROM PAID CONTENT
Rather than working with a traditional publisher, controversial billionaire and owner of the NBA’s Dallas Mavericks, Mark Cuban has caught the wave and is publishing a new book, How to Win at the Sport of Business: If I Can Do It, You Can Do I, as an eBook through digital publisher Diversion Books.
The content for comes from Cuban’s blog and he figures he can market the eBook to his readers through his blog, Twitter and Facebook.
Cuban told the Wall Street Journal: “All I have to do is get them to pay attention and hit a link.”
Flag of Spain
Spanish newspaper La Vanguardia is launching an e-book publishing program, entitled “E-books De Vanguardia.” La Vanguardia is Barcelona’s leading newspaper, and the third largest in Spain.
La Vanguardia is starting its program with two free titles, both of which are available in EPUB, PDF and MOBI formats.
Next up are two more books: ¡Adolescente en Casa! (“Teenagers at Home”), a guide for parents living with teenagers, which will sell for €5.99, and another free book, Las 30 Webs Más Relevantes de 2011 (“The 30 Most Important Websites of 2011”).
This is a growing trend as several English-language newspapers, including the Guardian, Boston Globe and Washington Post, have published e-books of varying lengths this year.
In some ways the transition from paper to digital distribution for book publishers and independent authors is a boon. It’s true that most e-books currently have high profit margins, and are free from many of the drawbacks of print. Peter Osnos, who is the founder of PublicAffairs Books, states that the biggest challenge small publishers face is managing their inventories. Print too many books, and lots of them will be returned by stores. Print too few and publishers will forgo sales while they order reprints (at higher prices). None of these problems exists when distributing books digitally.
The Natural History Museum in the UK has launched its first e-book for the iPad, created from the most expensive book ever sold, John James Audubon’s The Birds of America.
The e-book features all 435 illustration plates of the original. The NHM will release a resized printed edition of the 19th-century classic in October, bound in linen and presented in a slipcase, with an introduction by bird artist and author David Allen Sibley.
The complete e-book will be priced £9.99, with the digital Highlights edition, featuring only 85 plates, priced at only £3.99.
What the publishing industry faces right now is a customer base that demands a digital product even as the technology that makes these products possible is still in its early stages of development. Random House has experienced a 200 percent growth in eBook sales this year, and every other company’s sales tell similar tales. The various devices on the market—the Kindle, the Nook, and the Kobo eReader, among others—all do different things. Thanks to each business’s attempt to dominate the market, they are mostly incompatible with each other. For example, the Nook and Apple’s iPad feature color displays for picture books, but for the time being the Kindle does not.
How can…READ MORE
Classic book released as an e-book
Author Alice Walker’s “The Color Purple,” a Pulitzer Prize winner in 1983 and still a widely taught and discussed classic, is finally coming out as an e-book.
But the classic novel in e-book format is not being released by a traditional publisher.
Open Road Integrated Media, a digital publishing company co-founded two years ago by former HarperCollins CEO Jane Friedman, has reached an agreement with author Alice Walker to release the electronic version of “The Color Purple” and most of her other work in the latest technology.
IKEA has noticed a shift in what consumers are storing on their bookshelves. After all, a Kindle can hold thousands more books than a wooden tower in the living room. According to the Economist, next month Ikea will release a new version of its classic Billy bookshelf, one that’s focused less on storing books than on storing everything else.
Ebooks have become the single bestselling category in American publishing for the first time, according to new data released last April.
By contrast, sales of adult fiction in hardback so far this year have fallen by over 10% according to book sales monitor Nielsen BookScan… Read more
Did you know that…Keeneland racetrack in Lexington, KY held 161 thoroughbred races on 17 days in the fall of 2010.
Trainers winning at least two races totaled 28.
The 28 multiple winners won a total of 110 races collectively or 68% of all races.
Of the 28 multiple winners, nine trainers won at least five races.
Those nine trainers collected a total 64 wins or 40% of all races.
Profiting at Keeneland for handicappers is all about knowing the tendencies of the individuals that know how to win year-in and year-out at the Lexington racetrack. Click here to learn more about a new handicapping book.