How the Kindle e-book revolution is reshaping the publishing industry
The Kindle ebook is changing the publishing landscape.
The digital version of books can be purchased in stores and online, and booksellers can now offer a range of formats including paperback, ebook, audiobook and audiobook.
The new formats are helping to transform publishers’ business model, and are opening up new markets for authors and authors’ publishers.
The biggest beneficiary of the Kindle revolution is the traditional publishing houses.
“Amazon has really changed the way publishers approach books,” says Peter Schmitz, author of the new book “Publishers, Publishers, and the New Kindle”.
“They’ve really done a wonderful job of selling books for cheap.
They’re the biggest seller of ebooks, and publishers are going to have to adapt to that.
They need to sell books on their own terms.”
That’s why publishers like HarperCollins and Penguin, who had been selling ebooks as a means of promotion, are going back to traditional formats and now selling e-books as an essential service for publishers.
“But they’ve also got to deal with Amazon’s dominance in e-commerce.
They have to be aware of that.”
What publishers can expectThe biggest beneficiaries of the Amazon Kindle revolution are publishers.
“In the short term, Amazon will be a great player for publishers in that it will give them a lot more money. “
They have the most readers on their platform, they have the biggest audience on their platforms, and they are the biggest beneficiaries,” says SchmitZ.
They are going, as usual, to be in the game of buying more books and getting more people to read more books. “
But for the long term, they are going be looking for ways to adapt their business model to Amazon’s.
They now have a big platform and they have to take advantage of it.”””
This is a very good moment for traditional publishers.
They now have a big platform and they have to take advantage of it.””
But in the long run, publishers have got to adapt.
Schmitz points to a recent study that found that in the UK, sales of e-reader devices were up over 50% in the first nine months of this year. “
There are huge opportunities for publishers, especially in the digital space, but publishers have to deal carefully with that risk.”
Schmitz points to a recent study that found that in the UK, sales of e-reader devices were up over 50% in the first nine months of this year.
And the average price of a Kindle was down by 50% since 2013.
“It’s the kind of thing publishers are already doing.
They can’t keep on selling e books at a loss, they can’t make as much money from e-reading as they can from selling books,” he says.
“And publishers are doing that by making sure that they do their books better, and not just getting the best e-ink experience for them, because that will probably never come back.”
“There’s a lot of publishers that are still thinking in terms of traditional print sales as a way of making money,” says Robert Stiles, publisher of Penguin Random House.
“If they don. “
I hope they do.””
If they don.
I hope they do.”
Stiles says that he is not concerned about publishers’ ability to adapt with the new format, because “it’s not going to affect publishers any more than e-stores have ever been affected by the iPod.”
“I’m not concerned that it’s going to take over the world.
It’s just going to make us better at selling books and publishers better at buying books,” Stiles says.”
The only question is what are they going to do with it?”
Read more about ebooks in our ebooks section, and subscribe to TechRadars daily newsletter to receive the latest in ebooks news and insights delivered to your inbox.