In these final days of 2015, here we are, with a traditional publishing industry that’s evolved to include new players and business models, alongside an independent publishing industry that’s steadily growing and continually evolving, too. What we haven’t seen are the radical disruptions that so many predicted were right on the horizon…
Being sold for only slightly more than the revenue you brought in the prior year isn’t exactly a signal that anyone believes the company has a lot of growth potential, especially not one whose roster theoretically covers the full gamut of shiny author services so many seem to believe are publishing’s revenue streams of the future. Plus, ASI was apparently on the block for a while with no buyer, so I find Penguin’s CEO John Makinson’s claim odd, as reported by Publisher’s Lunch, that he expects there will be a “new and growing category of professional authors who are going to gravitate towards the ASI solution rather than the free model.” So then, what’s the real angle here?
It’s not a huge stretch to posit Amazon as the reverse-Valve of the ebook world, constantly pushing the envelope in unexpected ways, aggressively experimenting with pricing, developing a core of popular franchises, while staying focused on delivering and optimizing the best consumer experience.
Since publishers are so concerned with the “perpetuity of lending and simultaneity of availability” of their ebooks, I have to wonder if libraries shouldn’t just help them out and hit the STOP button themselves? Stop buying ebooks across the board, at any price, under any terms.
Not quite one year to the day it was announced, Seth Godin is shutting The Domino Project down, offering the awkward explanation that “it was a project, not a lifelong commitment to being a publisher of books,” instead of, perhaps, admitting that publishing is harder than it looks if you want to swim at the deep end of the trade pool in the middle of a dramatic transition, as he obliquely acknowledges in many of his noteworthy takeaways.