Well, Amazon is coming out of the chute swinging this week. The good news is that they’re acknowledging the competition by fighting for independently-publishing authors with their 70%-royalty offer for Kindle books. For the record, 70% is a seriously high royalty rate.
Just a year ago, Publishing Frontier ran an article discussing Amazon’s position in the industry and predicting their future. It’s an interesting analysis.
Andrew Savikas has a good post on the O’Reilly site on “why the Apple-talking-to-publishers news isn’t really news.”
And this week Lulu announced they’re going public. This may or may not make a lot of difference for Lulu authors, but it will matter to anyone with money who’s banking on Lulu’s business success. Which looks pretty rosy.
Meanwhile, Daemon News reports that some geeks turned a Barnes and Nobles Nook into a web tablet. Voided their warranty, but hey, now they’ve got a computer! Oh, and by the way—I don’t recommend going for the marketing game that says the Nook isn’t capitalized. That’s trying to play on the grammatical convention that brand names are capitalized, while normal vocabulary words in a language are not. I’m sorry, Barnes and Noble: I don’t think so.
The name of Houghton Mifflin Harcourt’s parent company, EMPG, is being bandied about, as Barry O’Callaghan’s three-card monte attitude toward stockholders is revealed in this week’s financial avalanche.
Also, Borders continues to tank. Publishers Marketplace reports that Borders is in trouble now for delaying payment to small publishers, although they seem to be keeping the big publishers happy enough (thanks, guys, for your support of independent business owners in these troubled times.) They are also apparently playing around with reporting periods in order to make their numbers look better, but honestly? Beethoven’s Fifth.
On the hurrah side of the ledger:
Santa Cruz’s Logos Books and Records has survived Borders’ attempt to wrest their business away from them. When we rented our little house in the Santa Cruz Mountains to the then-new manager of the then-new Borders in downtown in 2000, the random public out-cry against franchise domination actually crossed the line into personal violence, scaring the wits out of a perfectly nice young woman. She moved to Hawaii. We sold the house. Fortunately, Logos just kept right on doing what Logos does, which is sell great books to people who love them, and they, like Modern Times Bookstore of San Francisco and Powell’s Books of Portland, Oregon, are still alive and thriving.
Hey, what great bookstores do you guys frequent? Can we compile an esoteric list of faves, so when we travel to each other’s parts of the world we’ll know where to check in when we arrive?