Showing posts with label publishers lunch. Show all posts
Showing posts with label publishers lunch. Show all posts

Monday, January 26, 2009

So We'vePicked Ourselves Up, Dusted Off & Are Starting Again

January 26, 2009.

All the 2008 tallying has been done, the news was bad, badder and worst, but now, like a phoenix from the ashes, the old Publishing Game rises again.

Publishers cut more than 1,200 jobs in 2008 (and this is a conservative estimate based on what they'll all actually admit). Barnes & Noble just announced they're cutting 100 at its headquarters (4% of NY workforce). Random House has reorganized and restructured its three publishing groups. Borders has a new chairman, Richard McGuire (former hedge fund executive - now call me crazy, but isn't that sector having an awful lot of problems of its own?) and the NEA survey that proudly announced reading rose to 119 million in 2008 (versus 115.5 million in 2002, breaking down the numbers shows a slightly different - and less rosy - story. PW shows the breakdown (1/19/09 issue) and in every category, the Percentage of Adults Who Read a Book Not Required for Work or School fell several points. The catch? The "reading" included everything read anywhere or anytime - and a single poem constituted "more". Anything that constituted "literary" was acceptable and I, for one, wonder how lenient the respondents were with this rating! Moreover, the prior study did not include electronic materials, so that, in itself, may well account for the jump. But rest assured that everyone in the Pub Game will be poring over these numbers for quite some time to come in an effort to wring a rosy scenario from it, as well as put it to the best use in their own game. Still, any news that says we're reading is good news.

The economy is hitting conventions and conferences hard in all industries. The New York ComicCon, reported by PW to be the fourth largest event in NYC is showing a bit of fall off, though Lance Fensterman event director of Reed Exhibitions says they expect presales to pick up right before the show. Hope so, Lance!

Sales were down, too, sharply at the end of the year but when all was said and done, the last quarter debacle was helped by prior periods' health and the news was painful, but not agonizing.

Still, it was thrilling to see the Publisher's Lunch Deluxe 1/12 edition that reported 10 new romance sales for the date, as did the 1/19 edition, covering every genre and indicating that the powerhouse genre is still going strong.

Among others, the lovely and entertaining Wendy Corsi Staub's new deal was announced, taking the 30 title Kensington author to Avon, where her first three titles have been signed by Lucia Macro. Congrats Wendy! Keep those NYT bestselling hits a' coming.

The film biz is also sticking with the books. Edgar Sawtelle's been optioned by Tom Hanks, and The Reincarnationists, MJ Rose's title to Warner Bros. as a pilot for Fox.

There's plenty more where this came from folks, but night has fallen and I'm hitting the road.

More later.

Tuesday, December 23, 2008

Making Up For Lost Time

Cutting right to the chase with lots of news.

From 12/23/08 Publishers Lunch:

Borders has gotten an extension of another month on repayment of their loan to Pershing Square ($42.5 mill). PL says "The nearly worthless stock has still managed to decline another 20 percent in early trading today, though Barnes & Noble has suffered weak trading the past two days as well."

ScrollMotion's interface for iPhone books has made arrangements with a variety of publishers. Random House is in on this deal and is releasing a dozen books on iPhone. PL notes a Wired report that Twilight will be among the books making the leap.

The technology, called "Iceberg" allows Apple to get in on the business and get a percentage of sales. And "ScrollMotion says it envisions a more organized app store and iPhone/iPod interface in the future where titles could eventually be sorted and grouped creating a virtual library of all your books."

The price sounds steep, though, when compared with e-books. Between $12 and $28, found PL - 30-40% more than the respective Kindle edition of the same title. Twilight will be $10.99 for the iPhone book, versus $6.04 for the Kindle copy.

Publisher's Weekly December 15, 2008 edition was chock full of news, reports, reviews and info, too.

For those of you who remember Francis "Baby" from Dirty Dancing (and who doesn't? - send good thoughts out to Patrick Swayze who's fighting the good fight against his cancer), the PW Pick of the Week is a biography of Frances Perkins, FDR's secretary of labor and the first woman in the cabinet. Kirstin Downey's Doubleday/Talese book debuts on March 3, 2009, for the history buffs out there.

The Forward column in the issue debates the pros and cons and marketing value of author websites. While no one has yet been able to get proof-positive that a good website = good sales, most folk agree that if you haven't got one, you're not helping yourself. PW reports that Carol Fitzgerald, founder and president of Book Report Network feels "having a Web presence gives writers a chance to extend the conversation with their readers." She's "less concerned about authors having a message board or book trailer than with providing a go-to place for fans." PW passes on her warning not to overdo the Flash, though. She also thinks that a blog is a easy way to keep your site fresh. This sentiment is seconded by author Chris Bohjalian, who enjoys blogging and finds it "the easy part of maintaining an online presence." He recycles content from his weekly newspaper column, a concept also espoused by Penny Sansevieri, marketing guru (see past posts). He says, "It all goes back to that notion that an author is no longer a disembodied face on the back of a book jacket."

But the most succinct statement (IMHO) is that of Steve Bennett, author of 50 titles and president of Author Bytes, which builds author Web sites. "A Web site is your locus in space. It's not that people can't get basic author information on Amazon. But they're looking for extras. The Web has changed the way we learn about products and services; it's hard to imagine succeeding without it."

Dean Koontz, horror master and perennial visitor to the NY Times bestseller list, has his latest title at #8 on the PW Hardcover Bestseller Fiction list. He's spotlighted and has the following to say about that question all writers get: "Story ideas have come to me from lines in songs, from a scrap of overhead conversation, from just about everywhere. And sometimes a story pops into my head and I have no idea what the source of it was." The title, Your Heart Belongs to Me had an 800,000 copy first printing. Guess Dean's doing something right!

When fans of Charlaine Harris' Sookie Stackhouse series heard about True Blood they were all a twitter. But it appears the series is making new fans for the authors' quirky heroine. Backlist sales were so great that Ace created a 7-volume boxed set. 130,000 copies have shipped so far. Ace Associate Director of publicity, Jodi Rossoff crowed, "We knew it would do well, but it has surpassed our expectations."

And speaking of vampires, did you think that maybe the vampire romance genre was cooling off, what with dragons, gargoyles, demons and gods on the scene? Apparently not. The 12/15/08 Mass Market Bestseller list has 3 vampire titles on the list.

Gotta love it, too, when our President-Elect has two titles on the Trade Paperback Bestseller list! (Dreams from My Father and The Audacity of Hope are at 2 and 3, respectively).

Another story on the technological has me stumped, except for the openers. The title of the article, What the Hell is XML, sums it up for me, but the intro makes a strong case for e-books, e-marketing and the changes being wrought to the traditional publishing models. Article's author Mike Shatzkin (founder of the Idea Logical Company and one of the creators of the StartWithXML project) says bluntly: "Print book review media and subscription books clubs are fewer in number and, most critically, bricks-and-mortar retail shelf space for books is being reduced." He highlights the proliferation of on-line review sites. As we've all seen, too, print review in even the biggest newspapers is dwindling, with some abandoning their entire book review sections. Further, says Shatzkin, "While sales of books through bricks-and-mortar locations are stagnant, sales through online channels....are growing. A goodly portion of those sales are driven by 'referrals' from specialized Web sites." At the heart of the changes already being experienced, "The shift from traditional to digital marketing is already changing publishers' mindset when books are acquired ("Does this author have a Web site?")."

So it isn't just the book format that we're seeing veer into digital, but the marketing of the titles as well. I'm not the first to say it, but I keep hammering at the bottom line: Digital is going to be where it's at. Be there or be square! Start compiling those lists of on-line review sites. Can't get a Times review? How about SmartBitches Love Trashy Books, Coffee Time Romance and dozens more.

Lots of great reviews in the issue, too (where, or where am I going to put all these books?!).

Bestseller Susan Elizabeth Phillips' latest, What I Did for Love (Morrow/Feb. 09) garnered a starred review for a "over-the-top, hot-under-the-sheets romcom". "In this massively entertaining romp, redemption is always possible, and even a fake Hollywood couple trapped in a pretend marraige might find true love."

Edgar-award winning mystery author Alex Berenson's forthcoming "The Silent Man" (Putnam/Feb. 09) features CIA agent John Wells and his fellow agent and fiancee, Jenny Exley. PW says about the bad guys in the "well-plotted and thoughtful" thriller: "These extremely clever villains...aren't mad dog idiots but credible characters..." In summation, "Fast and furious when it needs to be, this is a welcome addition to an excellent series."

Of interest to those self-published authors, or if you are thinking about taking that route, take note that in addition to The Celestine Prophecies and Eragon, both originally self-published, a new St. Martin's/Dunne Feb. 09 release, "Hater", by David Moody, was originaly self-published, as well. Termed a "nail-biter", it has gone that extra mile and has been optioned by Guillermo Del Toro for film. Success stories are out there, and since a self-pubbed title that sells 5,000 or more copies (by dint of the author's hard work), generally gets attention from established publishers looking to get a product that's already been test-driven, it is a viable option for an author who may not fit "the box" of many publishers. Lulu and iUniverse/Authors House and X-Libris are the big three when it comes to self-pubbing. Check the sites for answers to your questions on the hows and how-muches of self-pubbing.

Debut author Meredith Cole's St. Martin's/Minotaur mystery "Posed for Murder" won the Minotaur and Malice Domestic's Best First Traditional Mystery competition has an amateur sleuth and a NY setting. PW found it "entertaining".

Romance author Sharon Ashwood has switched genres with her latest, an urban fantasy romance (first in a series). "Ravenous: The Dark Forgotten" (Signet Eclipse/ Feb. 09) is a "well-paced tale of supernaturally infested Fairview, U.S.A." features witch Holly Carver, handsome police detective Conall Macmillan and her "undead business partner" (and, apparently more!) vampire Alessandro Caravelli. "Strong world-building and romantic elements benefit from deft tuoches of humor; readers will look forward to the sequel." Nice start, Sharon!

On the non-fiction side of things, there are a couple of titles that may help those writing both contemporary military characters: Soft Spots: A Marine's Memoir of Comat and Post Traumatic Stress Disorder" by Marine sergeant Clint Van Winkle (St. Martin's/March 09, and FBI agents: Bullets, Bombs, and Fast Talk: Twenty-five Years of FBI War Stories" (James Botting, Potomac, Feb. 09). Memoirs are a great way to gather emotional and immediate details that speak to a reader where dry facts don't, and to give authors insight into characters who are living lives you never have!

The internet and all the fun folks are having in the virtual universe has a downside too. While the legal universal is still playing catch-up, the case of a forged MySpace page is being litigated (claims of emotional distress and defamation). Another media case in the courts concerns the use of "fleeting expletives" and other languaged deemed sexual or obscene in televised media. So far the Supreme Court holds the First Amendment supreme, and given the likelihood that President Obama will appoint liberal judges to any vacancies, it seems destined to remain so for the time being. But keep tabs on rules, regulations and, soon, laws, promulgated regarding obscenity (always a flashpoint for critics) on the web and other new media. Knowing what you can and cannot say, what might get you in hot water, and understanding basic defamation/libel strictures is a wise choice for anyone posting commentary on the web, like blogs, journals, podcasts, and statements on other social sites. When it doubt, zip that virtual lip!

Monday, December 22, 2008

December 22, 2008

Well, looking back I see that I have been remiss for 2, count 'em, 2 weeks. Due to all manner of home appliance and system SNAFUs (car breakdown, plumbing nightmare, oil burner disaster which is on-going forcing us to keep the heat at the lowest possible setting of 59 degrees which, in NYC, means things are getting pretty nippy in the house).

But there's good news to be spread! So here I am, frostbite and all.

I spotted on Galleycat that, apparently, Nielscan's book numbers for fantasy and romance are UP the week of December 15, contrary to just about every other aspect of publishing (although I understand that children's books are still selling...). Galleycat quotes Juno Books editor, Paula Guran who says "fantasy mass market paperbacks sold 102,660 units last week..." compared with "62,781 units" in 2007. Romance, she says "always the industry leader in mass market paperback, sold 202,667 for the week in 2007..." and this year "310,689".

Although they report further that overall for the year, fantasy sales are down, but they report that "overall romance sales are up 83 percent, with mass market paperbacks alone experiencing a 50 percent boost".

Wha-hoo! Some good news. And if you aren't keeping up with all the news that GalleyCat has to offer, check out their site (see link at right).

There are still lots of deals being announced, especially in the romance genre, which bolsters the belief that they are strong sellers. Kelly Mortimer at Mortimer Literary is responsible for numerous romance sales in recent weeks. Check out this agency. Could they be for you?

Charlaine Harris is also hot with sales of both mystery titles and anthologies via JABerwocky Literary.

The likewise popular genre of paranormal continues in YA with a recent mother/daughter Cast sale of three additional titles in their House of Night series.

Simon & Shuster reported (Publishers Lunch; Publisher's Weekly) on their end of year with similar news to their NY brethren in "a challenging year". As with Random House, however, S&S has indicated they will "nearly quadruple eBook salse this year". And they'll be digitizing another 5,000 titles. Additionally they are relaunching their website in January, so check it out for upgrades.

Despite an on-going debate among Romance Writers of America members over the legitimacy of e-published titles, S&S' latest news seems to support my contention that, as far as the e-book is concerned, authors better get on this train or be left in the station! When the traditional NY houses embrace the format, you know it's on its way.

Exciting news for literary and film fans. PL reports that Baz Luhrmann has optioned The Great Gatsby. That's a big WOW as far as I'm concerned. The Aussie-born director of the fantastical and lush Moulin Rouge, as well as the romantic epic, Australia starring (sigh) Hugh Jackman and Nicole Kidman, cannot help but do justice to the story of ill-fated love, money, beauty and the picturesque Gold Coast of Long Island. Now, who will he cast? Who can possibly outdo the perfection of Robert Redford as Jay Gatsby? And what about Daisy?

Another book to film story is that of Robert Harris' The Ghost. The contemporary international thriller by the author of Fatherland and Enigma, the latter of which was also turned into film, will be the next project of Roman Polanski. Say what you will about old Roman, but the guy sure has a way with film.

In the gossip news (sort of), Sumner Redstone and his daughter Shari, facing a deadline to repay $800 million in debt, are feuding.

Publisher Cumberland House is folding and Sourcebooks is "taking over the rights to almost a hundred titles". Cumberland founder Ron Pitkin is "seeking publishers to take on rights to 400 previously published titles not included in the Sourcebooks deal". Cumberland specialized in non-fiction titles, especially history and quirky subjects.

Several posts ago I mentioned the Tools of Change conference and provided a link to the registration site. Booksquare blogger Kassia Krozser has also made the argument that this conference is a must. She says "I've long encouraged publishing folk to setp outside of traditional book conferenes to get a sense of where technology - particularly social media - is heading." Check out Booksquare (see the link) for complete details on the panels for this conference, which include Speaking the Same Language: Universal Technology Standards in Publishing and Bookselling; Where Do You Go with 40,000 Readers? A Study in Online Community Building; New Reading Habits, New Distribution Models; and Smart Women Read eBooks.

And on a wonderful note for all fans of words, President Barak Obama has selected Elizabeth Alexander to write and read a poem at his inauguration. Find out more about this fellow word lover at her site (see at right).

For tonight, that's all folks, as I head home to watch over my laboring oil burner until our 2nd visit from the folks I hope will fix it (this time) so we can dispense with the thermal underwear while inside!

I leave you with a poem of my very own.

Write happy,
Write true.
It's the best thing there is,
And it's all you can do.