Thread: Publishing: The Revolutionary Future
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Old 02-22-2010, 07:18 AM   #18
Pardoz
Which side are you on?
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Quote:
Originally Posted by wallcraft View Post
I still don't understand why publishers are not giving priority to making ebooks out of their backlists.
He touches on it in the article - a combination changes in the tax law dealing with power tool replacement part inventory (seriously) and demographic changes turned publishing on its head about 30 years ago, creating a Hollywoodesque reliance on ever-bigger ever-more-expensive ephemeral blockbusters (and of course this plays into the general cultural trend of "Who cares if this strategy means the company will be bankrupt in a year! As long as this quarter's numbers look good I still get my bonus.")

Note that publishers waking up to the size of the untouched goldmine in their backlists isn't an unmixed blessing - consider Random House and their attempts (two so far) to arrogate electronic rights without paying authors a dime.
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