Monday, May 18, 2009
Scribd's new e-book store: A sea change in publishing?
I was still recovering from Sunday's 4.7 earthquake in LA when I heard the news that must have sent a shiver of apprehension through the publishing industry: scrbd, the publishing web site that gets around 60 million hits a day, began selling books online. Authors who upload their books will get an 80/20 split of the revenue from books sold on the site. That's 80 per cent to us, folks.
NPR’s Marketplace pointed out that the two-year-old scribd has an advantage over other e-book publishers because its e-books can be read over many different types of reading devices, including laptops and "smart" phones. By contrast, Amazon’s e-books can be read only on a pricey Kindle.
We've been talking quite a bit on this blog about e-books, and debating their merits. I think that scribd's move into selling books online, in a range of formats, at a price split that dramatically favors the author, has the potential to upend the publishing totem pole. The scribd platform could finally provide the grassroots publishing momentum that puts more revenue and power into the content creator's hands, rather than the distributor's.
In her farewell Newsweek column this week, Anna Quindlen described how, in the journalism field, young people have "created online outlets from the ground up...they are quite properly part of the action, not because we made room for them, but because they made room for themselves."
Most novelists aren't all that young, but scribd's publishing model could provide the way for them to "make room" for themselves in the publishing paradigm. We'll now be able to publish our own ebooks on a site that reaches sixty million potential readers. Sixty million!
But perhaps not all authors would consider taking hold of the reins of their publishing. I can imagine that even established authors might hesitate before taking the plunge into publishing on scribd. Would there still be a publishing contract, for example? Would uploaded works suffer from a stima from being "self-published"?
What do you think? Do you think the scribd book store has potential to change the publishing business paradigm?
Have you browsed through the new book store? Do you think it will become a morass of self-published drek as it develops, or is it going to become a juggernaut to be reckoned with?
Coming up on our Kill Zone Guest Sundays, watch for blogs from Sandra Brown, Steve Berry, Robert Liparulo, Alexandra Sokoloff, Thomas B. Sawyer, Paul Kemprecos, Linda Fairstein, and more.