Wednesday, March 7, 2012
Latest Industry News
Random House has decided that fucking over libraries is in their best financial interest. Apparently tripling prices protects the company from the "perpetuity of lending."
I don't think the RH execs take into account that there's lots of folks, like me, who use the library as a testing grounds for new authors. If we love a book, we'll go out and buy it to read again and again. If we love an author, we'll buy their whole freaking catalog. By tripling prices (and the odds are high the other big publishing houses will quickly follow suit), libraries will buy fewer and fewer books. That leads to fewer writers being exposed to new readers. Which cuts into the publishers' bottom line because fewer books are being bought by the readers and/or recommended to the readers' friends and families. Which in turn takes a bite out of the publisher's profits...
I feel like I just gave Yoda's speech from The Phantom Menace.
At the other end of the spectrum, Smashwords just signed a deal with Baker & Taylor, a print and e-book distributor. What does this mean? Indies have the opportunity to get into more libraries! Yes! *fist pump*
Goddess, I love this business!!