Rob Reid writes in the WSJ, praising publishing for getting behind ebook publishing by licensing books for electronic formats, rather than boycotting e-readers, as the music industry boycotted MP3 players in its early days, and suggests that publishing may fare better than music because of it. I agree with Reid that publishing has generally handled the digital transition with more grace than record labels, but I think it's worth pointing out that publishing did commit many of the same blunders as the record industry -- notably using DRM (which drives piracy instead of sales), and embracing proprietary formats (which locks their products to vendors' platforms).
This doesn't necessarily make publishers the Einstein to the music world's Ozzy Osbourne. Publishing had music's dismal example to learn from. It is also easier to see the digital light when a game-changing product is released by a major partner and customer, even if Amazon inspires more dread than comfort among publishers. Of course, things haven't gone perfectly smoothly: In April, three publishers—Hachette Book Group, Simon & Schuster and HarperCollins—settled a Justice Department lawsuit alleging they conspired to raise e-book prices. (HarperCollins is owned by News Corp., as is The Wall Street Journal.)
Publishers face many challenges today, and some may be existential—Amazon's dominance, for one, and the potential for authors to sell directly to readers. But as one industry executive wryly observed to me after ticking off a list of his industry's perils, "at least we're not self-immolators."
What To Do When Attacked by Pirates
Uganda is so poor that few can afford medical care, giving it one of the lowest life-expectancies on the planet — this toxic combination made the country ripe for infiltration by Tiens, a Chinese Multi-Level-Marketing “nutritional supplements” cult whose members set up fake medical clinics that diagnose fake ailments and proscribe fake medicines, then rope […]
Yahoo’s sale to Verizon means that Yahoo’s sub-companies — Flickr, Tumblr and a host of others — are now divisions of a phone company, and as you might expect, being on the payroll of a notorious neutracidal maniac with a long history of sleazy, invasive, privacy-destroying, monopolistic, deceptive, anti-competitive, scumbag shakedowns has changed the public […]
What was last week posed as an indefinite leave of absence is now for good: Travis Kalanick, CEO of scandal-wracked rideshare company Uber, announced that he is leaving the company. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to […]
Even though credit cards now feature an EMV chip for securing transactions, they still have to include the magnetic strip for compatibility with older point of sale systems. Because of this, there’s no way for the chip’s new security capabilities to protect against card skimmers in the wild.How do you protect yourself from legacy-technology-induced fraud? […]
As the old saying goes, “You should sit in meditation for 30 minutes every day. Unless you are too busy, in which case you should meditate for an hour.” Since most of us have an endless list of things to do and people to see, carving out quiet time can feel impossible, especially when most […]
The Bragi Dash Truly Wireless Smart Earphones are far more than your run of the mill Bluetooth earbuds. While the earpiece design makes these earbuds ideal for exercise and activity, and passive noise cancelling is conducive to a more serene listening experience, these buds go well beyond just playing music.First of all, they can actually […]