Quote:
Originally Posted by Top100EbooksRank
$0.06 royalties for an ebook that is $3.99/$4.99/$5.99 on Amazon Kindle
or
$2 royalties for an ebook that is $2.99 on Amazon Kindle (self-pub).
And romance is the best selling genre for self-publishers right now.
And I wouldn't be surprised if more than half of all romance books sold are now in digital form.
Notice the negative trend:
2013: $398 million
2012: $426.5 million
2011: $459 million
2010: $468 million
2009: $493 million
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Torstar did.
A lot more than half of all romance sales are now ebooks; I've seen estimates that go as high as 80%.
The thing is, Harlequin's situation is the result of plain (and mean) mismanagement.
It sounds as if HC can and will use HQ capabilities for things other than MMPB romance.
The Bloomberg report on the sale points out:
http://mobile.bloomberg.com/news/201...n-in-cash.html
Quote:
The acquisition gives HarperCollins a foothold in 11 foreign countries and expertise in translations. The deal also underscore’s Chief Executive Officer Robert Thomson’s strategy of what he calls “globalization and digitization” -- the idea that News Corp. needs to sell content better around the world and online.
“This is really part of our overall play in those areas,” he said in an interview. “It also signals the book business is an important part of the company.”
Harlequin publishes more than 1,300 authors and releases more than 110 titles monthly in 34 languages. Currently almost all HarperCollins books are published in English.
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HC might be getting a bargain if the deal goes through, but not from the romance business--HC already owns Avon, after all.