Barnes & Noble Still Depending on Physical Books
Recently, Len Riggio, chairman of Barnes & Noble said at an investor’s conference that physical books will constitute the majority of its sales for at least the next five years; the company is investing heavily to make the transition from a bookseller to an electronic and technology retailer. CFO Joe Lombardi noted that B&N will invest $140 million in the current fiscal year to upgrade its digital capabilities, and B&N's long-range forecast calls for the retail share of total unit sales to fall from 90% in 2010 to 69% in fiscal 2014. The decline in retail will be offset by gains at Barnes & Noble.com driven by the sale of e-books, e-readers and accessories.
Lay-Off’s at Clarkson Potter
A handful of employees at Clarkson Potter have been laid off. A spokesperson for Random House's Crown Publishing Group confirmed that "a small number of positions" were eliminated in its illustrated publishing program, but declined to discuss further details. In the April reorganization of Crown, the Clarkson Potter imprints along with Watson-Guptill, The Monacelli Press and Ten Speed Press were put in a division under the direction of Lauren Shakely and focused on four-color, lifestyle and cooking titles.
Literary Agent Wins 2010 Maxwell Perkins Prize
Literary agent Amanda Urban has been honored for her work encouraging writers of fiction in the United States. The 2010 winner of the Maxwell E. Perkins Award for Distinguished Achievement in the Field of Fiction recently announced by the Center for Fiction. The nonprofit literary organization founded the award in 2005. Urban has represented Toni Morrison and Cormac McCarthy, among others. The Perkins prize is named in honor of the celebrated editor who worked with Ernest Hemingway and F. Scott Fitzgerald. Previous recipients include Farrar, Straus & Giroux president Jonathan Galassi and Alfred A. Knopf editor Gary Fisketjon. Urban is the first agent to win.
Patterson- First to Top a Million in E-book Sales
US thriller writer James Patterson has become the first novelist to sell more than one million electronic books, according to his publisher, Hachette Book Group. Hachette Book Group said the best-selling author of "Kiss the Girls," "Along Came a Spider" and other titles in the Alex Cross series has sold a total of 1.14 million e-books. "Things have really changed in the digital space," Patterson said in a statement.
"With more and more people reading on iPads, Kindles, and Nooks, taking time to create interesting, user-friendly, enhanced e-book editions is becoming more and more important," he said.
"And if e-books get people who might otherwise not be reading to pick up a book, then that makes me happy," he said.
A Free Comic Application
The free DC Comics app is powered by Comics by comiXology, which shares an identical interface with the Marvel Comics app and provides readers with a solid option for reading comics from the popular publisher on a mobile device. The DC Comics app consists of simple navigational buttons--Featured, New, Popular and Free-- that showcase some of the more tantalizing titles featuring legendary characters. It would have been interesting if DC strayed from the formulaic app engine.
Harlequin Launches Digital Imprint Line
Harlequin Enterprises Limited has launched a digital imprint called Carina Press. The books in the imprint will be published first as ebooks and will be sold directly to consumers through the Carina Press website and third-party websites. Carina Press will begin by publishing 37 books in its first month—approximately 10 books a week—across a broad range of fiction with an emphasis on romance and its subgenres, including science fiction, fantasy, mystery, suspense and thriller. Carina Press ebooks vary in price from $2.99 to $6.99 depending on the length of the work, which can range from 20,000 to more than 100,000 words.
The Write News