One of the world’s largest book publishers isn’t happy about what Google and Amazon are doing to the publishing industry :
Arnaud Nourry, chief executive of French publishing group Hachette Livre, said unilateral pricing by Google, Amazon and other e-book retailers such as Barnes & Noble could destroy profits and kill the lucrative trade in hardback editions.He said publishers were “very hostile” to Amazon’s pricing strategy – over which the online retailer failed to consult publishers – to charge $9.99 (€7) for all its e-books in the US. He also pointed to plans by Google to put millions of out-of-copyright books online for public use in a digital library.
“On the one hand, you have millions of books for free where there is no longer an author to pay and, on the other hand, there are very recent books, bestsellers at $9.99, which means that all the rest will have to be sold at between zero and $9.99,” Mr Nourry said.
As a free market bibliophile, I love the idea of living in a world where every book is sold at “between zero and $9.99” (and since my own book doesn’t sell for much more than that, I’m fine with it as an author too). My favorite format is the trade paperback, though I now read ebooks on my Kindle and iPhone. Hardcovers have always been too bulky and expensive. And I hate paying $10-15 more for a book when I know that in a few months it will be released in my preferred form.
Large publishing houses like Hachette Livre may suffer in the short term because of technological changes and market pressures, but the end of the hardcover would be a boon to authors, publishers, and book buyers. By reducing the distribution cost—and reducing the cost of entry into the world of publishing—new companies could enter the market, providing a range of new opportunities and options for writers and readers.
But maybe I’m missing something? What would be lost of the era of the hardcover were to end?
(Via: Tim Challies )
