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| Emma Dryden |
If a career had a backlist, Emma Dryden's would be
huge. She's edited more than 500 books and, as publisher of Atheneum
Books for Young Readers and Margaret K. McElderry Books, oversaw the
publication of 100 more.
She's also got quite a bit
going on in her current career list, so to speak. Since March of 2010,
she's run her own editorial consulting firm,
Drydenbks,
working with people in every publishing discipline--including ebook and
app producers. (Oh, and she even writes her own poetry and fiction and
blogs at
emmadryden.blogspot.com.)
She
gave a keynote address on the digital future of publishing and started
by talking about the most important aspect of the business:
"What
I've learned first and foremost ... is that story matters most." And no
matter what the platform, "I want to identify with the story, relate to
something in that story, and have that story resonate long after I've
finished it."
"The road we're on together has always in one way or another taken us into uncharted lands," she said. Today's digital upheaval is just one more example of this.
Children
know the digital landscape intrinsically, she said. Adults re-educate
and retool themselves--but kids have nothing to unlearn as they travel
the digital landscape.
"I don't think we need fear for
the survival of the book," she said. "Not in our lifetime. But the
digital world is reshaping the very foundations of the book business and
the book business has to adapt to survive."
Her keynote offered a comprehensive overview of the digital landscape, from platforms to pricing to piracy. A few of the many observations she shared:
How did we get here? The
landscape is ever-shifting. Among other things: the iPhone and the
Kindle, launched in 2007, spelled big changes. Then the economic
recession hit publishing hard. In 2011, start-ups nosed in. There was
also that big debate over pricing between Amazon and Macmillan. (Emma
said we have to pay close attention to the debate about e-book pricing
because more than 50 percent goes to the publisher.)
The
iPad is a major development (and Apple is insisting that all book apps
sell through its own bookstore). And there continue to be additional
developments: better screen resolution, the ability to use it as a
credit card... the list goes on.
What's the digital market look like? Ebook
sales are up 170 percent in the first quarter of this year, and they're
expected to go up 140 percent further later in the year.
For
enhanced ebooks (the ones with video, etc.), the ones working best are
cookbooks, craft books, and language books. Ebooks and apps are
different, Emma said. Apps are little programs designed to entertain and
be useful. They have more features than books.
Finally, the digital platform can possibly supplement the picture book market (and not replace it).
Ebook royalties: The industry standard is 25 percent of net
receipts published through traditional houses. Some pay more. For self
published, it's 60 to 80 percent. It's critical for publishers, agents, and authors to work together
the fundamental issues related to ebooks: rights, royalties, pricing,
distribution, marketing and sales, she said.
Out-of-print titles/self publishing: Some
agencies are facilitating e-publishing of authors' work. "I think the
waters of conflict of interest are being churned up considerably," she
said. "Is the agent the perfect publishing partner? The jury is still
out on that one."
A few self-publishing options:
Figment, InkPop, Tikatok--all publish the writing of children. For
adults there is Utales.com: Emma is helping with quality control for
this pending service, designed to showcase picture books.
This comment drew gasps: "It's more than just a rumor that Apple is interested in buying Barnes and Noble."
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