I am not surprised that Google will launch it’s own electronic book venture called Google Editions. After all, why were they scanning every book ever published into digital form?
The Wall Street Journal and numerous other major publications, blogs and websites reported that Google is now nearing the launch of its massive new ebook venture and they hope to launch this year.
Instead of building another boat to navigate the ebook waters, they are diving into the water and going with the flow. Google says its books will not be tied to one particular device like a Kindle or iPad, but their books will be accessible from any device with an Internet connection.
Google is not running against the current trying to sell their own reading device with its own ebook store. Instead, they are the current ready to sell books to any device, in any format as long as those devices have a connection to the Internet.
And they won’t have just one web site where you have to go to buy their books, they will have unlimited websites paying commissions to anyone who directs traffic to a Google Editions book using the same model as their Google ads.
And some observers think they may have a competitive advantage over the other Titans in the electronic book publishing market.
It will be interesting to see which Titan comes out on top: Amazon, Apple or Google.
Take a look at the video for more – Rex Crum talks with Amir Efrati of the Wall Street Journal about what Google’s entry means for the online book market.
When hardcover sales began to dwindle a few years ago, there was talk that Barnes and Noble would either sell or swallow up a major competitor.
The possibility of the sale of B&N comes as a surprise since they recently ramped up their digital book sales by opening an ebook store with more than a million titles and launching the ebook reader, The Nook, the most formidable competitor to the Kindle.
Have any idea who would buy B&N? I would not be surprised if it were Amazon. What do you think?
A “for sale” sign may soon be hanging in the window of bookstore giant Barnes & Noble Inc., the company announced today.
According to a press release issued this morning, Barnes & Noble’s Board of Directors “intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. The Board came to this decision based on the price of Barnes & Noble shares in the marketplace, which the Board believes are now significantly undervalued.” >more
Some interesting questions from a potential author –
Author: Do I have a better chance going the traditional route (agency, etc), than with Outer Banks Publishing, in order to get the book to the big screen?
Outer Banks: No. The content is what will get you there whether you self-publish, publish with a small publisher or large one. However, there are agents out there who specialize in film placement and they have connections in Hollywood and in the film industry if you can get one to represent you.
Author: Would my book make its way into the main stream bookstores if I went with Outer Banks?
Outer Banks: It would depend on sales and demand. Keep in mind a book is a product like any other product and if people love it, they will demand it and it will sell. People will ask for it in bookstores and the bookstores will have to keep it on their shelves.
Let’s say you landed a major publisher, one of the big 6 in New York. They would place two copies in all the major book stores given the state of book sales today. Two things could happen: it sells and the bookstore orders more copies or it sits there until the 90-day consignment period is over and the bookstore either discounts it or sends it back to the publisher.
With roughly 100,000 books in a given big box bookstore (Borders, Barnes and Noble, Books-a-Million) how is your book going to stand out? Having your book in a bookstore does not guarantee sales or exposure anymore. Before the Internet and Amazon, bookstores were the only place to get books. Now most books in print as well as ebooks are sold online.
The current book selling trend is this: ebooks are outselling printed books. Dan Brown‘s The Lost Symbol, presold more copies as an ebook than print titles. Bookstores are ultimately forced to stock less.
But don’t fear, bookstores will always be around just like the printed book, but they may be a lot smaller. If they want to stay large, they will have to reinvent themselves, perhaps into a literary center where authors, writers, and readers can meet and have open discussions, debates or writing sessions.