Here’s a terrific article on the subject courtesy of Mashable.
I’ve followed several of the blogs for years, and can fully grasp the wisdom of a traditional publishing deal. Blogs and books are reciprocal marketing platforms, and it makes sense to monetize every possible audience.
Digital readers continue to gain traction, including Barnes and Noble’s proprietary rig.
Like the music and film industries, this is causing mayhem and panic among the publishing execs. Soon (a few years) there will be no CDs, DVDs or other ‘hard’ entertainment products. They’ll simply fade away like 8-track and Beta, and we’ll download our entertainment on demand.
But what about books? Will there come a day when no brick/mortar bookstores exist? I say no; books are tactile and Kindles are not. We readers like the feel and smell of paper, and books need no power source. However, the kids today are growing up with computer screens in their little faces, and may feel more in tune with books stored on Nooks as they grow older. After all, we’re not reading from scrolls of papyrus. Things change.
The real fear in the offices upstairs lies not with the technology, but how it can be tamed and monetized. As an author, I hope that figure it out. And with huge money at stake, I believe they will.
[Source: Associated Press]
After more than 40 best-sellers, James Patterson is just getting started.
He has agreed to a 17-book deal with his longtime publisher, the Hachette Book Group — an unthinkable commitment for most writers, but for Patterson, a mere three years’ worth of work.
”Jim has all of these incredible franchises,” said his literary representative, Washington attorney Robert Barnett, who cited such popular series as Maximum Ride, Daniel X and the Alex Cross detective stories. ”And when you put all of those franchises together, that’s a lot of books.”
Hachette announced last week that the ultra-prolific novelist will turn out 10 adult thrillers, one nonfiction work and six novels for young people by the end of 2012. Financial terms were not disclosed.
Patterson will have help with the books. His co-authors have included Maxine Paetro and Andrew Gross and he will continue to use collaborators, Barnett said.
”Whenever he works with a co-author he fully discloses it,” Barnett said. ”There’s no secret he works with collaborators.”
His most recent book, Alex Cross’ Trial, co-written by Richard DiLallo, sits at the top of the current New York Times bestseller list, while Swimsuit, written with Paetro, is at No. 18.
I recently helped a friend conceptualize and pitch a book project, without an agent or attorney in the loop.
The odds were against this particular project, mainly because of the very narrow subject matter. But a deal was offered yesterday, and I’m very happy for my friend.
Despite all of the gloom-and-doom in the publishing business, it will survive. Have you visited a Barnes and Noble lately? No recession in those four walls.
Apparently, I’m not the only one with this opinion.
John Updike has died, and who really cares?
Well, I do.
His Pulitzer Prize-winning ‘Rabbit’ series is American literature at its best.
The publishing industry has a long and storied (ha) tradition of power lunches and lavish expense accounts.
According to this article, however, those particular perks are drying up.
But isn’t this true with all businesses in this climate? Lavish Christmas parties at the Four Seasons substituted with pizza parties in the company cafeteria. Annual corporate retreats in the Bahamas replaced with webinars.
It’s called expense cutting, a tried-and-true basic strategy to keep businesses running in hard times.
The tone of the NYT article implies those in the publishing business are spolied whiners, when in fact, they are over worked and under paid. The perks make up for the crappy salaries and long hours.