By Porter Anderson, Editor-in-Chief | @Porter_Anderson
Publishers Navigate ‘a Sea That Is Not Theirs Anymore’
“What is going on today is not controlled and shaped anymore by those old stakeholders and gatekeepers who used to define content, media or format,” writes Rüdiger Wischenbart in the newly released 2016 iteration of his annual Global Ebook Report.
Wischenbart, based in Vienna, is the Director of International Affairs for BookExpo America (BEA), which opens today (May 11) at McCormick Place West in Chicago with Poland as Market Focus Guest of Honor.
His annual Global Ebook Report, Wischenbart attempts to create a picture of one of the most challenging elements of the world publishing scene today. Because the largest retailers trading in the ebook space don’t report sales figures — most significantly Amazon — the publishing industry is left, as The Bookseller’s Philip Jones puts it, trying to analyze its own digital market “by candlelight.”
Presented at Berlin’s Publishers’ Forum, which Wischenbart also directs, the 2016 report’s opening lines are wide-eyed and direct:
“The publishers, media moguls, or old school network captains navigate in a sea that is not theirs alone anymore. Not at all.”
What follows is probably the most comprehensive look at features of the ebook presence in the digital publishing array. If the report is not always quite as cohesive a development of the topic as we might wish, this is hardly Wischenbart’s fault. Publishing’s data lies in many places today. Because the preponderance of sales figures are not reported, we actually do not know how many ebook titles exist, nor how many authors are engaged in producing them.
More hurdles arrive when trying to coordinate incoming data. Tracking varies among publishers as you cross national borders and engage with various publishing associations, making comparisons tricky — red and green apples, at the least, if not outright apples and oranges.
Wischenbart’s summation, however, involves a maturing of our understanding of ebooks as a part of the picture — no longer charging ahead even in the US and UK markets, which are the friendliest to e-reading.
[pullquote cite=”Rüdiger Wischenbart” type=”right”]”Without any formal violation of [local] regulations, ebooks have systematically begun to undercut the practices of books having, for each format and edition, a price that is easy to anticipate by the consumer.”[/pullquote]
Wischenbart also told the assembly in Berlin that “the only area in which we see any growth in ebooks is in fiction.”
The Problems of Pricing
Easily one of the most disturbing issues encountered in a round table discussion on ebooks among a group of international and German publishers in Berlin is pricing for books overall (all formats). While opinions vary widely, the advent of the ebook is now understood to have been the catalyst for a sharp descent in prices since the debut in 2007 of the Amazon Kindle.
Amazon’s original $9.99 price point for an ebook now seems generous compared to the sorts of pricing seen in various markets and sectors, particularly as the self-publishing wing has used ultra-low pricing to try to attract readers from trade offerings.
Even as publishers in the United States levy agency-pricing on their ebooks at much higher rates than the Amazonian $9.99 preference, many observers fear, as Wischenbart cites, that this is driving readers away from trade ebooks and contributing to the slowing of digital growth in sales.
And in Germany, the major publisher Bastei-Lübbe’s board member Klaus Kluge is interviewed by Borsenblatt.net in an indictment of the past years’ downturns in book prices. Kluge says that he has a study underway to experiment with various price points. The average hardcover price, he says, once stood at 45 Deutschemarks before the changeover to the euro. Today, a hardcover may go for 20 euros, a price Kluge terms “staggeringly low.”
Beyond such currency adjustments specific to the Eurozone, the wider fear is that the advent of the paperless digital book and rock-bottom pricing has actually adjusted in the minds of reader-consumers the value of a book.
When in the US a book is regularly offered for 99 cents, when indie authors see $2.99 to $4.99 as a “sweet spot” for pricing, and in the UK, books are offered in a promotion for 20 pence, can publishing expect the buying public to see the work of authors and publishers as being as valuable as they believed it was before?
There’s more: Read the full story at Publishing Perspectives
By Porter Anderson
Originally published at www.PublishingPerspectives.com
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