Hachette digital sales

A couple of press articles on the Andrew Wylie/Odyssey Editions thing have picked up on some remarks that I made to The Bookseller last week on Hachette's digital sales - in particular Andrew Franklin's piece in The Independent, which asserts that digital accounts for 8% of Hachette's turnover. Though I wouldn't rule this out at some point in the future, it's worth clarifying that what I said and was run in The Bookseller was that at most digital can account for 8% of volume sales of some new titles in publication month - the average is of course lower. It's a somewhat less exciting statistic given the various caveats, but nonetheless, it is an indicator of the way the market is going.

Seth Godin on publishing

"It's paper that makes the book industry what it is. As soon as you remove paper from the equation, the costs change, the timing changes, the barriers to entry change, the risk changes. And defenders of the status quo don't like change . . . If the demise of paper means that good people doing good work in important industries will have to find faster and better ways to do their jobs, I don't think that's a bad thing."

http://sethgodin.typepad.com/seths_blog/2010/07/but-who-will-speak-for-the-trees.html

Andrew Wylie, Odyssey Editions and Amazon

"Odyssey Editions is an ebook publishing company designed to bring classic works of fiction and nonfiction to dedicated readers globally."

http://www.odysseyeditions.com/About-Odyssey-Editions

For 'dedicated readers', read 'Amazon customers exclusively' for the next two years. Amazon's press release here:

http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-newsArticle&ID=1450416

Finally, Peter Collingridge on producing the ebooks:

http://www.enhanced-editions.com/press-release/2010/07/enhanced-editions-the-wylie-agency-and-amazon-launch-odyssey-editions/

@evanschnittman on Ebook Royalties

A counterpoint to recent statements by Tom Holland and others:

"The problem with that approach is that successful and coherent publishing is not the sum of individual publishing rights, but rather the gestalt work presented coherently to a global audience. Viewing the ebook out of the context of the rest of the work gets us nowhere. We must understand how ebooks fit into the publishing ecosphere and only then can we determine what the right royalty should be."

Discretionary Spending

"While discretionary spending on items such as food, jewellery and cosmetics has slumped over the past two years, US consumers have retained a healthy appetite for mobile phones, netbook computers and other devices that enable them to stay connected … 'When people were in dire economic straits and thinking through what their next steps were, they chose the idea of being connected over other discretionary choices they might make.'" [Ben Dunn, Best Buy.]

http://www.ft.com/cms/s/0/d190bd78-54a0-11df-8bef-00144feab49a.html