Canon Shots

I’m Impressed…and a bit taken aback

Jeff Bezos made an announcement a little while ago…

Amazon.com Now Selling More Kindle Books Than Hardcover Books

Since we started Closed Circle, my best guess had been that e-readers like Kindle were going to wipe out the market for mass-market books before they dented hardcovers.  I’d focused on the notion that while the Kindle and its kin have their flaws as a single-book replacement, they offer unprecedented options for the multi-book reader/collector who wants to have it ALL right here, right now.  I thought the convenience would more than make up for the fact that some publishers have pegged their ebook prices above their mass market prices—because that’s how it’s been working for me.

I don’t buy many hardcovers, so I don’t understand that mindset.  I figured that people who buy hardcovers value the premium experience of having books that don’t need bookends on their shelves and that they’d be resistant to ebooks.  But virtually all ebooks are priced ‘way below the hardcover.  Even if I was right about the hardcover mindset, it appears that economic pressures are ruling the day

Stray thoughts

I don’t think there’s been such an interesting (in that proverbial Chinese-curse sense) or exciting time in the publishing industry.  Movable type, maybe, but that didn’t occur against the backdrop of the Internet and it’s possible that the scriptorium monks weren’t all that heartbroken about losing their jobs.

I’ve tucked up a half-dozen meaty articles for deep reading that hasn’t happened yet.

Here is a sample of my to-be-read stuff:

Apple’s disruption of the ebook market has nothing to do with the tablet

What Should an E-book Cost?

Why do people want more expensive backlist books?

Friday Midday Links: Pricing Debate Continues

Maybe we should be hurting the authors

Piracy. Is. Stealing.

The Futile Struggle Against Free Content

Hachette Increasing eBook Pricing on Amazon

Hachette Announces Agency Model, Simultaneous Releases; Guild Says Macmillan Will Be at 25%

Another New Data Set on eReading

Discussing Ideas to Help Stores Survive

and

It’s an Amazon-Eat-Buy-Button World Out There

Looks like I’m going to be reading for a while.  But my initial speed-reading pass snagged this from an uncredited comment on Andrew Sullivan’s Daily Dish (yeah, this is going around the political blogs, ‘cause they’ve all written books.  It’s strange-bedfellow time.)

A nameless reader says:

Bunch, willfully or not, ignores the fact that while the intellectual property laws — and this goes beyond music and even beyond copyright into patent law — were intended to protect the creation of intellectual property, they have come to be used largely to protect the distribution of intellectual property.  At some point in the life of a creation — and we can have a legitimate argument about when that point is reached — the distribution of a work becomes divorced from its creation.

The reader has seeded my thought clouds.  I felt it in my gut yesterday when Sargent/Macmillan blithely wrote of “our intellectual property,” the laws I’ve always thought were supposed to protect me have been co-opted by entities that view me as a commodity.

Is there an entrepreneur in the house?

This morning’s email brought me a message from the Authors Guild, of which I am a longtime member.  You can read it for yourselves here—in fact, they’re encouraging me to “feel free to forward, post, or tweet.” 

Clearly, my Guild is part of Team Macmillan.  I’m not going to mail my membership card back to them, but I’m not joining the team, either.

Actually, I’m not joining either team.

Maybe it makes sense for some of my peers, but I stand by my original contention: my interests are quite different than either Amazon’s (the interest of a mass distributer) or Macmillan’s (the interest of a traditional publisher). 

And I really don’t care which one of them “wins” ‘cause a larger share of nothing, last time I checked, was still nothing.  For years now, my agent and I have pursued a strategy of negotiating the highest advance possible, ‘cause that’s the only money we’re going to see.  My contracts—and I’ve usually seen middle-of-the-road boiler plate—are pretty much designed so that the books aren’t going to earn out.  We dicker over terms and rights in the hope that maybe we’ll have an advantage down the line, but in twenty years, we never have. 

(Speaking of contracts–  Back in December, the Wall St Journal took note that Bertelsmann AG (owner of Random House and, by extension: Ballantine Books | Bantam | Delacorte | Dell | Del Rey | Del Rey / Lucas Books | The Dial Press | The Modern Library | One World | Presido Press | Random House Trade Group | Random House Trade Paperbacks | Spectra | Spiegel & Grau | Villard Books ) has decided that it “owns the digital rights to books it published before the emergence of an active marketplace for electronic books.”  So forgive me, if I don’t feel all warm and fuzzy when I hear that Macmillan et al. are fighting for my rights.)

Once again, though, I’ve digressed.

Reading that Authors Guild letter got me thinking about what it would take to get me to sign on the dotted line with a publisher again.  Short answer: Nothing.  That bridge is burnt…charred…vaporized.

What I would do, though, is purchase services…a one-stop shop where I could get whatever pre-pub services I felt I needed and could afford, peer review, and bona fides.  And of those, the bona fides are probably the most important.

Reading this, you may never have heard of me, but if you Google, you’ll see I’ve had a couple dozen books published. Some editor laid out company money so you could lay out your money to buy my prose.  It gives me valuable credibility.

Jane, CJ and I couldn’t think about Closed Circle if we hadn’t already earned our bona fides.  We’ve already been approached by writers who’d like to be a part of Closed Circle because they think we might be a way for them to earn their bona fides. It’s  a problem we’re ducking for now (we didn’t chose the name “Closed Circle” by accident), but one we’ll have to face, especially if we (and by “we” I mean not just the three of us, but every DTB author who’s planning to fly solo) are successful.

Five stars at Amazon or Goodreads are nice, but nothing compares to the cachet that “Publisher: Macmillan” confers on a title.  (At least you’re sure it’s not going to be the Eye of Argon…well, reasonably sure…)  So long as that’s true, Macmillan’s got leverage, but I suspect that Amazon aspires to cachet and leverage, too.

Which brings me back to my topic: Now would be a good time for some Bill Gates/Sergey Brin/Don Wollheim type to come up with a new way to convey cachet and bona fides that doesn’t depend on royalties.

Notes for a future history

When the dust settles, whenever that may be, and the publishing paradigms have completed their shift, the events of the past few days are likely to merit a footnote or two….or maybe they’ll be the proverbial Guns of August.

A quick recap….in case you’ve been vacationing out beyond the orbit of Jupiter:

First, after about a year of rumor and anticipation, Steve Jobs, on behalf of Apple, played with an iPad.  Personally, the iPad is not the convergence device I’ve been waiting for….which is no surprise: I haven’t been an Apple person since they dumped the Apple ][GS in favor of the Mac.  I’ve withstood the seductive advances of the iPod, the iPhone, the iTouch and iTunes….probably for the same reason I still drive a stick-shift car: I’m a control freak and I like making decisions.  OTOH, it’s a much-demonstrated fact that I’m so far out of step with mass-market taste that it’s doubtful I’ve ever even heard a drummer much less marched in step with one.

Anyway, the iPad, which is not really an e-book reading device, apparently connects to the iBookstore and Steve Jobs is caught on-the-record saying that the iBookstore’s prices will be in line with other ebook purveyors — which seemed to be taken to mean that the iBookstore would be more like Amazon than unlike it, at least with regard to pricing and DRM.

Which was kind of odd, because it wasn’t all that long ago that a quintet of traditional NYC publishers (Macmillan among them)made it known that they weren’t at all happy with the way Amazon was configuring the 21st century publishing marketplace and had plans to do something different.

Anytime I encounter “publishers” and “plans” in the same sentence, I cringe.  The traditional publishing business plan (and I’m quoting one of my editors here) can be described as “throwing spaghetti at a wall to see what sticks.”  When my first book came out in 1980, a 40% sell-through was considered a success (that is, six out of every ten books in a print run, never sold….maybe never made it to a bookstore).  Five years ago, my editor (at Tor, btw) said they were trying to make peace (and profit) with the idea of a 20% sell-through.

One might have thought that publishing, as a whole, would have embraced e-books which, after all, have a de facto 100% sell-through.  But, no…with a few exceptions, they’re convinced that they live in a zero-sum world where every e-book sold is a cannibalized dead-tree book and their plan is to make e-books inconvenient, restricted, and expensive, in the hope that misguided e-book readers will repent of their digital delusions.

So, I’m not surprised that the big-name publishers would ally themselves with the iBookstore to create expensive product for a device that’s not really an e-book reader.  And I’m not really surprised that Macmillan lobbed the first salvo at Amazon.  Macmillan is owned by a German holding company (Holtzbrinck) that’s made no secret of its antipathy to e-books in general and its preference, if e-books cannot be eliminated altogether, for strong DRM, delayed release, price points at or near DTB levels.  (They’ll tell you that it costs as much to produce e-books as it does to produce DTB books, without taking into account how much anything costs when you’re lucky to sell 20% of it.)

When Tor took tentative steps toward supporting e-books back in 2006, Holtzbrinck said No in unmistakable terms.  Their business is paper and their goal is to get back to 40%.

I’m a little surprised that Amazon capitulated last night and more than a little suspicious of the over-the-weekend timing.  Then again, if Macmillan et. al can make the $14.99 price stick, Amazon wouldn’t complain.  OTOH, almost as soon as Amazon pulled the “Buy Now” button, there were whispers that AUTHORS (that scary, flakey bunch) might have grounds for anti-trust action against Macmillan—‘cause we have contracts with our publishers and one of the few things that those contracts require of the publishers is that they at least attempt to publish, market, and sell our books….and when Macmillan tried to strong-arm Amazon, they were also saying they’d rather not sell their product (our books) in the largest market on the planet.

I already had my breach-of-contract letter written, because it’s not like either Amazon or traditional publishing has my interests at heart, either as a reader or an author.  They may well be willing to go to war with each other (and I read Amazon’s capitulation letter as a clear indication that they plan to fight another day on a field of their choosing), but they share a common perspective: books are bowls of spaghetti, readers are sheep to be herded and fleeced; and authors are wells to be pumped dry.

That’s why CJ, Jane, and I have formed Closed Circle: goodbye and good riddance to everything that stands between authors and readers.  I don’t know if we’re going to be successful (although I can’t see how I can fail worse on my own than I have in the tender care of my publishers), but at least we’re going to be in charge of our own fates (that control-freak thing again) and when you buy one of our books, we’ll do our level best to produce it in whatever format you need now…or in the future.

Our plan is to be small and agile—like mammals avoiding dinosaurs.