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The book industry: this week in quotes

“I suddenly understood what fiction was for…I had to read books that I wouldn’t have necessarily read. I had to read them well and I had to read them in a short space of time. Back to back. Annie Proulx and ­Margaret ­Atwood and Beryl Bainbridge and Anne Michaels – boom, boom, boom. And I started to realise what fiction could be. And I thought, wow! You can be ambitious, you can take on the world – you really can.” – Andrea Levy, on judging the 1997 Orange Prize

“It’s important to note that we are not looking to the agency model as a way to make more money on e-books. In fact, we make less on each e-book sale under the new model; the author will continue to be fairly compensated and our e-book agents will make money on every digital sale. We’re willing to accept lower return for e-book sales as we control the value of our product–books, and content in general. We’re taking the long view on e-book pricing, and this new model helps protect the long term viability of the book marketplace.” – David Young, CEO of Hachette Book Group, in a letter to agents supporting Macmillan and the agency pricing model for e-books

“We are removing Amazon.com links from our website. Our authors depend on people buying their books and since a significant percentage of them publish through Macmillan or its subsidiaries, we would prefer to send traffic to stores where the books can actually be purchased.” – The Science Fiction and Fantasy Writers of America

“Forlorn as this hope may be, I can only fantasize that at least you might read my letter through and consider the pleasures and prestige of being an author at Faber, the last great family-owned independent publishing house in the western hemisphere.” – Faber editorial director Lee Brackstone in an open letter to Morrissey requesting he publish a memoir with Faber

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Publishers take stand against e-books

Simon & Schuster is taking action against the cut-rate $9.99 pricing of digital bestsellers by delaying the e-book editions of approximately 35 titles coming out in 2010. Hachette Book Group plans to follow suit.

According to a report by the Wall Street Journal, these efforts acknowledge that book pricing has become the most pressing issue on the publishing landscape.

From the article:

“The right place for the e-book is after the hardcover but before the paperback,” said Carolyn Reidy, CEO of Simon & Schuster, which is owned by CBS Corp. “We believe some people will be disappointed. But with new [electronic] readers coming and sales booming, we need to do this now, before the installed e-book reading devices gets to a size where doing it would be impossible.”

Simon & Schuster will publish e-books four months after the hardcover publication date. Titles affected by this action include Don DeLillo’s Point Omega (due in February), Karl Rove’s memoir Courage and Consequence (March), and Jodi Picoult’s House Rules (March).

Industry news, Publishing, ,

McArthur to lose Hachette U.K. lines

Earlier today, the international publishing giant Hachette Book Group announced that it will be moving Canadian sales and distribution of its U.K. lines to its U.S. offices. The decision will have major ramifications for several players in the Canadian publishing scene, including HarperCollins Canada, Penguin Canada, and H.B. Fenn and Company.  No one, however, will be more affected than McArthur & Company, which currently represents the bulk of Hachette’s U.K. lines in Canada, including Orion, Hodder & Stoughton, Hodder Headline, John Murray, and Hachette Children’s Books. According to a press release sent out by Hachette, McArthur will continue representing those lines until Dec. 31, 2009, after which point Hachette will take over permanently. This will be a major blow to McArthur, as the lines make up approximately two thirds of its business.

Look for a more detailed report later today on Q&Q Omni.

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