Tag Archives: market

Publishing Facts: Featuring US & UK Publishing Industries

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Pete Klein writes about some Publishing Facts which features the U.S. publishing industry in 2014. He provides statistics about books being published and sold, as well as information related to traditional publishing, Amazon publishing, and Print on Demand (POD) publishing

Creative Industries UK quotes from Publishers’ Association website and reports a series of informative facts and figures about UK publishing industry, which is said to be “highly productive”, “highly successful in overseas markets”, and innovative.

 

Image Credit: DomGreco.com 

 

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Ursula K. Le Guin’s Challenge

Ursula K. Le Guin accepts the National Book Foundation’s Medal for Distinguished Contribution to American Letters at the 65th National Book Awards on November 19, 2014.”

This video went virus within the online author/publisher community when it was first released. Now a discussion in retrospect, we can refresh our memories of how Le Guin informs us once again the “dangers to literature” and schools us on creative freedom. While our community need people who know the difference between “the production of a market commodity and the practice of an art”, we should also bear in mind that books, whose profit motive often conflicts with the purpose of art, “are not just commodities.”

At the end of the speech Le Guin says, “But the name of our beautiful reward is not profit. Its name is freedom.” Spirits of the writing and publishing community — a belief in resistance and change in “the art of words” — shall stay alive.  That’s really all we need to hear.

Video Credit: National Book

Source Credit: Write Through It, The New Yorker

E-Book Market Review: Guide to 2015

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Anita Lovett gives an overview of the e-Book market in 2014 and prepares a guide for the new year. The literary market share of e-books continues to grow, and Forbes reports that e-books “have dominated 30 percent of 2014 book sales”. E-book sales have expanded to more than 45 times larger in the past five years, with people’s willingness to buy e-books “on the rise”. Lovett then highlights 5 major details that authors and publishers should pay attention to, in order to succeed in the e-book market in 2015: book cover design, book description, book reviews, genre identification, and extensive revision and editing.

In addition, Darrick Dean holds a discussion about whether Book Price Wars will be the “publishing battleground” in 2015. Some are concerned with the situation where traditional publishers will lower prices in their competition with indie authors. However, Dean argues that first of all, “there is always competition” regarding book pricing; the key is to connect with audiences “with a strong, quality product.” With traditionally published books going cheaper, the authors earn a lower profit, which is why indie authors still have some advantages. He ends the discussion with a particularly thought-provoking sentence: “There’s room for all publishing models, but we are seeing a settling of which is good for whom.”

Image Credit: Anita Lovett & Associates

Publishing in China: New Trends

George Lossius, CEO of Publishing Technology Plc., provides an overview of publishing in China, which is the fastest growing publishing market in the world. In this video, he answers two main questions: How is Chinese publishing different (from the West)? What’s next for Chinese publishing? Speaking from a particular perspective of academic publishing, Lossius offers several predictions about the future development of publishing in China.

Video Credit: Publishing Technology