Editorial: Bring on the digital overthrow of publishing

Editorial Bring on the digital overthrow of publishing

Last week’s release of the Amazon Kindle Paperwhite offered an opportunity to look back on the rapid growth of e-reading, and look forward to what the digitization of publishing will mean to four major market forces: publishers, bookstores, authors and readers. As during any technological disruption, winners and losers trade fates until the upheaval settles and a new cycle of status quo begins.

Amazon is not the only bookstore represented in the scramble for new-era survival, but its major role has multiple dimensions: seller, publisher, enabler, inventor and primary instigator of disruption. Amazon is banking on being a winner, and was recently handed an advantage by the U.S. government in its uneasy relationship with publishers.

While industrial forces work their way through the dislocation of new paradigms, individuals — both book consumers and book authors — stand to be the biggest winners, and that is a good thing.

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Editorial: Bring on the digital overthrow of publishing originally appeared on Engadget on Mon, 08 Oct 2012 17:00:00 EDT. Please see our terms for use of feeds.

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Judge approves settlement for Hachette, Simon & Schuster and HarperCollins in e-book lawsuit

Judge approves settlement for Hachette, Simon & Schuster and HarperCollins in ebook lawsuit

It’s a big day in the world of e-books, and not just for the crew at Amazon. Today, Judge Denise Cote approved settlement terms for three of the publishers accused by the Justice Department of price fixing. Hachette Book Group, Simon & Schuster and HarperCollins each agreed to settle with the government, rather than face trial — as Apple, Macmillian and Penguin Group will do in June of 2013. As part of the settlement agreement, each of the publishers will be required to terminate their contracts with Apple within one week. Similarly, they will be required to end contracts with other e-book retailers where clauses exist that would hinder the seller’s ability to set pricing. Further, the settling companies won’t be able to form contracts for the next two years with e-book retailers that would hinder the seller’s discretion to set pricing.

During the settlement approval period, individuals and companies alike were given 60 days to weigh in on the matter, which included objections from the American Booksellers Association, the Authors Guild and Barnes & Noble. Ultimately, Judge Cote determined that arguments against the settlement were “insufficient” to block the approval.

Judge approves settlement for Hachette, Simon & Schuster and HarperCollins in e-book lawsuit originally appeared on Engadget on Thu, 06 Sep 2012 16:59:00 EDT. Please see our terms for use of feeds.

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