AAP reports e-books now account for over 22 percent of US publishers’ revenue

AAP reports ebooks now account for over 22 percent of US publishers' revenue

It’s well off the triple year-over-year growth that e-books saw a few years ago, but the latest report from the Association of American Publishers shows that e-books did inch up even further in 2012 to account for a sizeable chunk of overall book sales. According to its figures, e-books now represent 22.55 percent of US publishers’ total revenue — up from just under 17 percent in 2011 — an increase that helped push net revenue from all book sales up 6.2 percent to $7.1 billion for the year. As the AAP notes, this report also happens to mark the tenth anniversary of its annual tracking of e-book sales; back at the beginning in 2002, their share of publishers’ net revenue clocked in at a mere 0.05 percent. The group does caution that the year-to-year comparison back that far is somewhat anecdotal, however, given changing methodologies and definitions of e-books.

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Via: The Next Web

Source: AAP

Barnes & Noble launches NOOK Press self-publishing platform

In an effort to compete more closely with Amazon’s Kindle Direct Publishing, Barnes & Noble is launching NOOK Press, which is a self-publishing platform that the company hopes will attract more self-publishing authors. NOOK Press is actually a rebranded service from Barnes & Noble’s previous PubIt! platform.

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The new NOOK Press includes updated content-creation and management tools that builds on the company’s old PubIt! platform. NOOK Press gives independent authors the opportunity to sell their work in Barnes & Noble’s ecosystem by giving them the necessary tools and allowing them to sell ebooks anywhere from $0.99 to $199, in which the company takes a 35% cut on books priced up to $9.99, and 60% for anything above that.

The books show up for sale on the NOOK Book Store in both the US and UK, as well as on Barnes & Noble’s website. The cut that the company takes may seem a little steep, but it’s right up there with Amazon’s 30% and 65% cut that they take from authors with their Kindle Direct Publishing platform. Plus, Apple takes the same 30% cut Apple from iBooks Author.

NOOK Press is only available in the US as of now, and aspiring authors have to be approved by Barnes & Noble before they can start writing and selling books through NOOK Press. However, we’re guessing that UK support will come soon enough. As for whether or not NOOK Press can take away some of Amazon’s self-publishing market share, we’ll ultimately have to wait and see.


Barnes & Noble launches NOOK Press self-publishing platform is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

UK Government Considering Paying Authors A Fee When Their Ebooks Are Checked Out From A Library

UK Government Considering Paying Authors A Fee When Their Ebooks Are Checked Out From A LibraryAs a kid when I wanted to search for information, my best bet would be to either ask my parents, go through thick and heavy encyclopedias (some of you guys might remember them), or head to the library and go through books one by one. Now with technology, tapping a few keys on the keyboard, a couple of clicks and I would have found what I want, thus reducing the need for me or a lot of people to actually visit the library. In a bid to make sure that libraries remain relevant and up to date with the latest technology, such as providing ebooks and the likes, the UK government is considering paying writers royalty every time their ebooks or audio books are “checked out” from the library. (more…)

By Ubergizmo. Related articles: Austin Will Be Connected To Google Fiber By 2014, Microsoft Launching First Innovation Center In China,

Why Do We Keep Making Ebooks Like Paper Books?

Comparing books to ebooks is like comparing mechanical watches to digital watches, or manual cars to automatic cars. No one doubts the convenience, reach, and flexibility of the ebook format, but it will never convincingly replicate the experience of a paper book—nor does it need to. Ebooks are a fundamentally new medium, stuck in an awkward growing stage. More »

Google Play Books rolls out in Mexico

While many Android users have enjoyed the robust library of content available on Google Play, which includes Movies, Music, and Magazines, there are still many users who only have access to some of the content. That reality has diminished in Mexico starting today, with users in the nation now having access to Google Play Books.

Google Play Books Mexico


Users in Mexico now have access to both apps and ebooks, with the latter being offered in local currency and local titles. Publishing houses offering content for users in Mexico include Random House Mondadori and Planeta, according to a statement made on the Google Mexico G+ profile. In addition to local titles, international titles are also available, providing access to bestselling novels from overseas.

The service is simple to use: users browse through the ebooks available in the Play Store using either a mobile device or a computer. After purchasing a book, it becomes available on whichever device the user decides to use, such as a smartphone or tablet. For example, you can buy an ebook using your smartphone, but then access and read it on your tablet with a larger display.

In case you missed it, we reported on March 16 that it looks like Google is gearing up to launch a Play News feature, offering newspaper editions and subscriptions in a way similar to how it offers magazines. This information surfaced in a JavaScript and CSS file that was found on the Web version of the Play Store containing placeholders and text related to such a feature. Google Play News has not been officially announced, however, and there’s no word which locations will get it when/if it does come to fruition.

[via Google+ Mexico]


Google Play Books rolls out in Mexico is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

eMusic and K-NFB Reading ebook distributor merge into Media Arc Inc.

Those who have been using digital music since its earliest days will be familiar with eMusic, which offered cheap monthly subscriptions and a relatively large music library. Today, the music service merged with an ebook distributor called K-NFB to form an entirely new company called Media Arc, Inc. The merger was done quietly, only being announced in an email sent out to record labels.

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In addition to announcing the merger, it was revealed that eMusic’s CEO Adam Klein is also stepping down. Mr. Klein said in an email he sent out that he is “very pleased” with these new business matters and the two companies’ merger, as well as with the direction the company – which has been around since 1998 – is heading.

K-NFB Reading Inc., meanwhile, is a distributor of ebooks and the Blio ereader software. According to the Wall Street Journal, K-NFB Reading Inc. was founded by Google’s Director of Engineering Ray Kurzweil. Combined with eMusic, the two services working as Media Arc Inc. will offer 600,000 ebooks, 40,000 audio books, and 17 million songs. By merging, the companies anticipate being able to better compete with competitors.

Said the companies in a statement: “Media Arc’s mission is to provide the best digital media discovery experience possible by leveraging cross-content insights to recommend new music and books to avid readers and music collectors alike. This will present both authors and artists with a unique opportunity to expand their fan base, reach new audiences, and of course sell more content.”

[via Wall Street Journal]


eMusic and K-NFB Reading ebook distributor merge into Media Arc Inc. is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Government orders Tim Cook to testify in price-fixing lawsuit

Apple CEO Tim Cook will be required to testify for 4 hours on the eBook price-fixing scandal the company was accused of. Apple is the last company, out of 6, to be testifying in this case. The other companies, which include Hachette, HarperCollins, Simon & Schuster, Penguin, and Macmillan have all reached a settlement with the Department of Justice. The companies had to terminate their agreements with Apple and other retailers, and follow a list of guidelines administered by the DoJ to ensure this issue would never happen again.

Government orders Tim Cook to testify in price-fixing lawsuit

U.S. District Judge Denise Cote granted the DoJ its request today. The Justice Department believes that Tim Cook has relevant information to the case, as he is a high level executive. It believes that Tim Cook’s position and his close relations with the late Steve Jobs entitled him to private conversations and information about the eBook situation. Lawrence Buterman, the DoJ’s lawyer, stated Tim Cook “is the only potential source of information.”

Apple had tried to fight Judge Cote’s request, saying that Cook’s testimony would just be a reiteration of all of the other testimonies provided by 11 other Apple executives. Orin Snyder, a lawyer from Apple’s law firm, Gibson Dunn & Crutcher, stated that “This effort to depose Mr. Cook, Apple’s CEO, reflect the fact the government cannot meet its burden of proof in this case.” She has called this request a “fishing expedition.”

The trial will be taking place in June. The government made it clear that it will not be seeking damages from Apple. It wants to find out if Apple had violated antitrust laws, and if it had fixed prices on eBooks, the government would bar Apple from being able to engage in any similar kind of conduct in the future. Things most certainly do not look good for Apple, especially since most of the companies immediately settled after being hit with the lawsuit. We’ll keep you posted on this case.

[via Reuters]


Government orders Tim Cook to testify in price-fixing lawsuit is written by Brian Sin & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Sony Reader Store Launches Dedicated Kids Corner

Sony Reader Store Launches Dedicated Kids CornerWhile tablets and smartphones are certainly entertaining devices for children, a balance should be made between playing games, watching videos as well as reading. If your kid finds that reading a book seems like an archaic sort of activity, then perhaps ebooks could be the answer and Sony might have something for you. The company has recently announced that they have launched a special Kids Corner in their Reader Store. While children books are already available electronically, it looks like Sony is hoping to make the discovery of said books a little easier with its dedicated shopping section.

The Kids Corner is expected to feature titles that are illustrated and enhanced, and the Kids Corner will also support the EPUB3.0 format which allows for embedded videos and interactivity within the book itself. The content in the store can be filtered by parents according to age level, and device compatibility will also be stated for every title. At the moment the newly launched Kids Corner will be available in the US and Canada, but no word from Sony if they plan to launch it in other countries. Sony’s Reader Store can be accessed by the computer, as well as Android and iOS tablets and smartphones.

By Ubergizmo. Related articles: Samsung Invests $111.6 million Into Sharp, San Francisco Bay Bridge Lights Up Ethernet-Enabled LEDs,

Barnes & Noble reports $6.1m loss in Q3 2013 earnings

Barnes & Noble hasn’t been looking good lately, and the company’s Q3 2013 earnings that were announced today prove that something is going to have to change. Barnes & Noble reported a $6.1 million loss last quarter, which is a far cry from the $52 million the company netted during the same time last year.

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As for revenue, Barnes & Noble made $2.2 billion during the quarter, which is down 8.8% year-over-year. As for NOOK sales, that division probably got hit the hardest, where revenue was down 26% compared to the same time last year, but as for digital content sales, the company saw a slight jump by 6.8%.

Of course, Barnes & Noble was expecting to take a big hit, so they’re about as surprised as we were (read: not surprised at all). NOOK made $316 million this past quarter, while the same time last year, it made $426.6 million. Overall, the company saw losses across the board, including their retail business, which saw a 10.3% decrease from last year.

However, it seems that the company may actually be changing things up a bit. Barnes & Noble founder Leonard Riggio is pondering the idea of buying the company back from shareholders, and shaking things up with the NOOK business — mostly throwing out the entire playbook and starting from scratch, but we’ll have to see what direction the company takes this year. It could be an interesting ride for B&N execs.


Barnes & Noble reports $6.1m loss in Q3 2013 earnings is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Macmillan settles with Department of Justice over collusion accusation

In April, the Department of Justice sued Apple and five publishers, accusing them of joining together to raise ebook prices in an effort to put the kibosh on Amazon’s oft-criticized discounting of bestselling books. Not surprisingly, the accusation was denied, and a few of the publishers settled with the DoJ fairly quickly. Now Macmillan has begrudgingly settled as well, leaving only Apple.

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In a statement released today, Macmillan said that it has settled with the Department of Justice “because the potential penalties became too high to risk even the possibility of an unfavorable outcome.” The publisher admits to no wrong doing, however, and states that settling is not an admission of guilt in the matter. The settlement must still be approved by court, but assuming it is, retailers will be able to discount the publisher’s ebook titles after a three day wait.

At the heart of the issue is Amazon’s discounting of recently released bestselling books at $9.99. The alleged collusion, according to the Department of Justice’s lawsuit, resulted in priced rising to $12.99 and $14.99. When the lawsuit came down, Simon & Schuster, HarperCollins, and Hachette Book Group all settled straight away, while Pearson waited until December 2012.

According to The Wall Street Journal, per the settlement, the discounting will be in effect for two years, with the start of those two years being December 18, 2012. Now that Macmillan has conceded to a settlement, Apple is the last of the six accused that hasn’t settled. Apple has said nothing on the matter, having denied any wrongdoing from the start.

[via Wall Street Journal]


Macmillan settles with Department of Justice over collusion accusation is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.