Since January 1st, for every 100 paperback books sold, Amazon has sold 115 Kindle books. Also, the company has sold three times as many Kindle books as hardcover books. The Kindle store now has 810,000 books with more than 670,000 priced at $9.99 or less. Source: Publishers Weekly
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Although eBooks are great for the environment, authors are facing the same problem musicians faced going from vinyl/CD's to a downloaded product that is easily copied. Now there are eBook Rental sites popping up like a "Netflix" for books. DRM (Digital Rights Management) is a growing issue. Also, 2 week check outs may also reduce sales.
Approximately 70% of eBooks are read on cell phones or micro screens. This makes it vitally important to know the details of ebook formatting so the book will look great on all sizes of screens.
Publishers Weekly is hosting the Digital Book World Conference, January 24 – 26 at The Sheraton Hotel & Towers in NYC.
Borders is announced it is closing it's Tennessee warehouse and eliminating those 300+ jobs. Thursday they will make a new announcement about the financial situation with publishers.
Scholastic is digitizing the "True Books" with enhanced e-books and videos for elementary school children. Students, parents and teachers will be given passwords for online access. 47 Children's Press titles are the first to be converted. Less paper and carbon footprint for their future.
Publishers are eyeing the new Motorola Xoom as a contender against the iPad. It has a Dual Processor, 10" screen and supports the Android 3.0 operating system. Publishers are focusing on the tablet technology since it is light and easy for students to carry to class. http://www.motorola.com/Consumers/US-EN/Consumer-Product-and-Services/Tablets/ci.MOTOROLA-XOOM-US-EN.overview
Sarah Weinman: "Coming out of the December holiday, positive sales reports from Barnes & Noble and Amazon gave publishers some cheer, but news from Borders looks bleak. A Borders bankruptcy seems increasingly likely in 2011. If Borders defaults on its debts to publishers, means a sizable chunk of the trade book business, somewhere around 10% of overall market, will vanish overnight."
Nook for kids announced an app for iPad which will make more than 12,000 children's books available and many are interactive. These apps are often half the price of old fashioned printed books. Adults read over 50% more on electronic media, hopefully this will also encourage more reading for kids.
Two senior staff members leave Borders as they court new financing. The major publishing houses are still wary as WSJ mentions the word, "reorganizing". With $460 M owed, a Borders collapse could spell trouble for major publishing houses, as well as, smaller suppliers. Meanwhile, Amazon continues to gain traction.
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