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Top Authors Make eBook Deal, Bypassing Publishers
RobotRunAmok writes "Home to 700 authors and estates, from Philip Roth to John Updike, Jorge Luis Borges, and Saul Bellow, the Wylie Agency shocked the publishing world yesterday when it announced the launch of Odyssey Editions. The new initiative is selling ebook editions of modern classics, including Lolita, Fear and Loathing in Las Vegas, and Updike's Rabbit tetralogy, exclusively via Amazon.com's Kindle store, leaving conventional publishers out of the picture. The issue boils down to who holds digital rights in older titles published before the advent of ebooks, with publishers arguing that the ebook rights belong to them, and authors and agents responding that, if not specifically granted, the digital rights remain with the author. Publishers and authors are also at loggerheads over the royalty that should be paid for ebooks: authors believe they should be getting up to double the current standard rate of 25%, because ebooks are cheaper to produce than physical editions. (Amazon pays authors 70%.)"
As far as I'm concerned, this is a very good thing. Any time one can get remuneration to the actual content creators instead of the middle-men is a good idea in my book. Now, maybe the prices will drop a little on these things. And in the future, maybe the movie industry can move this way too (yeah, I know, wishful thinking).
>>>"with publishers arguing that the ebook rights belong to them, and authors and agents responding that, if not specifically granted, the digital rights remain with the author."
This is the same argument that the music industry made with DVDs. The songs were licenses for TV and Videotapes, not for dvd, and therefore the music industry demanded more money for each song used. Likewise I think it's reasonable to say: the authors only licensed for books and audio, not electronic editions.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
To be honest how can anyone be surprised at this? When books were set free from paper and placed onto the Internet it was only a matter of time before authors decided to cut out the publisher. They no longer have a need for them. Publishers should get wise and start to provide real value to the authors. If I write a book and do not require your editing, marketing or printing services why exactly do you expect to keep 75% of the sale price?
Give it time and most large authors will just sell their ebooks directly via their own websites.
This is exactly what the Internet is supposed to be about. Giving the little guy the chance to eliminate the need for the big guy.
Cheers for these Authors!
Seems to me that the literary agents are already doing marketing for their clients to publishers, for ebooks they could take the same cut they are now and go right to the distributor. "Hey Jeff baby, I got this book that'd be perfect in eBook/PDF for your Kindle and bring you loads of moolah. Lets do lunch."
"There is a way that seems right to a man, but its end is the way of death." Proverbs 16:25 (NKJV)
I imagine that many of the authors that this greatly effects are the ones that do this as a full-time job. If no one buys their books NEW, then they see no money, or maybe no future book deal. The profit margin approaches 100% after enough time and copies have sold. This allows the good authors to write full-time and not have to worry about asking if we want fries with our order. Book sales trail off after release, so the most money is to be made in that first year, though some books enjoy a long life of sales popularity. So, good for the authors.
This is a very bad deal for consumers, in the end. My copy of "Nothing: The History of Zero" was a fun read. Now that I am done with it, I can give it to a friend, sell it, trade it in at Half-Priced Books, etc. In this way, I can recoup some of my cost. And the book can be purchased and resold many times, profits staying in the hands of the seller each time. The author makes nothing. The DRM on the eBooks prevents you from selling it, or giving it away.
Thus, in a sly maneuver to make big publishing look like evil bastards (not a difficult task), the authors conveniently and quietly take control of book distribution and remove the freedom of the consumer to control the end product themselves. This is bad. Very bad.
Thus, I am conflicted. Yay for getting what you deserve to be paid. Boo for limiting my ability to resell the book.
Bearded Dragon
What did Amazon offer to get exclusivity for two years? My hunch is that Amazon agreed to heavily promote the books on its site, and wouldn't do so if they also went to BN and Apple.
Also, they apparently don't have the rights to decent looking book covers - the current covers are pretty ugly. Seriously - who thought it was a good idea to include quotations as cover art when it goes on devices like cell phones? Just the title and author in a decent font would do.
"The universe seems neither benign nor hostile, merely indifferent." --Carl Sagan
Now, in the case of physical items, such as printed books, etc, there is the issue of mass producing it, distribution, deals with resellers, etc, etc. I can see where merely _creating_ the original can potentially pale in comparison to the work it takes to actually make/move/sell the item.
Obviously you have never written a book. My husband has been working on his fantasy novel for 10 years, tweaking it, changing it, improving it. Find me a single publisher that would spend 10 years developing the marketing or infrastructure to sell a book
the preceding post was not spell checked... suck it.
None, because the return on investment would be horrible. Your husband's return on time invested would be better spent being a day laborer outside of Home Depot. He's doing this for the love of the book and not the business aspect of it. Most professional authors wouldn't spend that much time on a single book unless they were doing it as a side project and more of a personal project then a professional project.
Spelling and Grammar errors have been added to this post for your enjoyment
10 years, or 10 'man-years'? Heh, I bet they spend a man-year just loading the books onto and off of trucks (lets see, 8 hours a day, 1 hour to unload per store... if they sell at ~3000 stores that seems valid), never mind printing, editing, promoting, and selling. Don't get me wrong, that your husband has worked tirelessly for 10 years shows that he has much more dedication than a publisher ever would, but in terms of cost the publisher's are going to be higher.
There have been multiple studies that show the majority of the cost is not the printing of the actual book but on editing, and advertisement. The printing is an average of about 10% of the cost. Take a look at http://ireaderreview.com/2009/05/03/book-cost-analysis-cost-of-physical-book-publishing/ .