As many of you know, I made a move from academic to trade publishing over the summer. The transition has been fascinating, and I think the last 3 months have been the most exciting in my career as my role has shifted from strategic licensing at OUP to overseeing all sales and marketing at Bloomsbury. In my new job I have already participated in nearly every imaginable trade business scenario: retailer terms negotiations, international sales & distribution deals, book launches, author tours, agent negotiations, and even a Man Booker winner.
Perhaps most interesting about my new role is that I am one of the few people in my industry who runs sales and marketing operations on both sides of the Atlantic. Seeing how London differs from New York in trade is fascinating, but what has struck me most is the prevailing zeitgeist regarding world English rights. The proposition that one publisher should NEVER be sold world English rights for a work seems to have become the default position, especially by UK based agents. Continue reading “The Finkler Answer”
Watch this space in early March for my return to blogging.
I am taking suggestions here for topics you want to see me cover. I will be checking the comments section daily and take on all serious ideas.
See you all soon!
To be perfectly clear, this blog is not sanctioned by, endorsed by, or even remotely associated with Oxford University Press, my fantastic employer. What I say here is my opinion and my opinion alone.
In my inaugural post, Why Ebooks Must Fail, I promised to follow up by exploring a variety of business models I believe could work in the long run for publishers of all sizes and shapes. This is the first part of a 3-part series in which I propose changes and new initiatives for ebooks that, I believe, will help ensure that ebooks don’t fail.
Continue reading “Discounts Must Align to Risks”
NB – I have noticed from the amazing amount of commentary this post generated over the last two weeks that there seems to be a misunderstanding of my intentions here. Granted, I chose a very inflammatory title, but this article, especially when taken in context with the follow up piece Discounts Must Align to Risks, is about supporting growth in the ebook market, not predicting its demise. Ebooks are the future and getting there as an industry will require some hard evaluation of how things work and a better understanding of publishing economics.
This piece is about consumer or “trade” publishing as we call it in the industry. To begin, let’s review how a book becomes a book. A writer gets an agent who peddles a manuscript to an editor who buys the book. The Publisher then pays an advance against the future royalties. (N. B., trade books advances are often, if not nearly always, greater than the actual royalties earned.) The publisher edits, designs, produces, prints, binds, warehouses, and finally, distributes the book to resellers (retailers and wholesalers). Concurrently the publisher is out pre-selling in an attempt to get as many units shipped to resellers as possible.
Continue reading “Why Ebooks Must Fail”