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
The Isis River, which flows through the English university city of Oxford, has inspired many place names that include “Isis,” including “Isis Close.”
“Netflix will become the exclusive US pay TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar,” Netflix announced today in a blog post. The blockbuster Netflix/Disney deal from 2012 goes into effect this fall. From September onwards, Netflix will become the exclusive US pay TV home of the latest films from Disney, […]
Arch-conservative Patrick J Buchanan’s May column in American Conservative (an organ he founded) traces the history of the Republican Party’s position on free trade, arguing that the “party of Lincoln” opposed free trade deals from its first days (Lincoln: “I am in favor of a national bank… and a high protective tariff”) through to Reagan’s […]
If you or your company’s IT system are besieged by black hat cyber attacks, an ethical hacker might be all that stands between crippling damage and a company’s long-term prosperity. It’s no wonder that the market for IT security specialists is exploding. Certification is the key – so learn the tenets of ethical hacking and get […]
Your laptop and mobile devices are top of the line…so why are you trotting out that raggedy decades-old suitcase when you go somewhere? Time to up your travel game with a complete 5-piece Herschel Travel Luggage bundle…and we’ll even give it to you for free!Of course, you’ve got to win the Ultimate Herschel Travel Bundle […]