virtualDavis

ˈvər-chə-wəlˈdā-vəs Serial storyteller, poetry pusher, digital doodler, flâneur.

EBook Summit 2010 in Review


Panelists at eBook Summit 2010

What does tomorrow’s publishing world look like? MediaBistro’s eBook Summit dove into the “New Era of Publishing” on December 15, 2010 at The New Yorker Hotel to explore “some of the most pressing industry issues” and to assist writers, editors, publishers and agent in navigating “the changing industry ecosystem.”

In January I start pitching Rosslyn Redux (Writer’s Digest Conference 2011) to a publishing industry that is not only new to me but new to itself. I figured this conference would serve as an informative industry barometer for me and an up-close-and-personal glimpse at how traditional publishers and agents are adapting to the Post-Gutenberg Paradigm. The day was an eye opener. I’ve overviewed the highlights here…

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Open Road Shifts Publishing Industry’s Epicenter

Open Road is a digital content company that publishes and markets ebooks by creating connections between authors and their audiences across multiple platforms.

Brendan Cahill, VP and Publisher of Open Road Integrated Media (ORIM), was lead presenter during eBook Summit 2010 last week in NYC. He set the tone for a forward looking agenda in the publishing industry, “pioneering an alternative publishing model”, where digital books replace print books at the epicenter.

Although Open Road (@openroadmedia) is only a year old, they’ve already made a major push in publishing ebooks and have set an ambitious target of 2,000 new books to be published in 2011! They are effectively producing more content per title than traditional print publishers (including HD video author and book trailers) and yet they’ve slashed the standard industry production time line from a year or more among traditional publishers to approximately 120 days at Open Road.

How is this possible? This shrinking book cycle (rights acquisition, manuscript editing, cataloguing, soliciting, fulfillment and marketing) critical to their rapid upscaling and early mover success depends upon a new publishing model: outsource, outstource, outsource. Virtually every stage of the traditional publishing process is outsourced except for acquiring rights and marketing which allows ample flexibility for editing, art directing, etc. Check out the first few slides of Cahill’s presentation below.

Speed to market and scalability is possible at least in part because Open Road is primarily publishing athors’ back list books. Nevertheless, Cahill assured us that the their 2,000 title goal for 2011 does include “e-riginals—original e-books—which he said were a small part of the company’s business, but were critical to its identity.” (Publishers Weekly)

In addition to a new publishing model, Cahill distinguished Open Road’s new book marketing model from the ingrained paradigm employed by traditional publishing companies. The new model integrates content communities, social networks, blogs and microblogs, videos/photos, retail and ratings.

Cahill spoke about how Open Road Media uses the Internet to connect their readers to authors. The digital publisher creates author pages with videos and photos, as well as social media accounts to help build a platform for the write online. “We follow the marketing process to empower the author to connect with readers,” he said.(eBookNewser)

Cahill explained that professionally produced high definition video is “one of the core offerings that we create…” He showed us a slick example of Midnight Guardians, by Jonathan King. The quality of the footage, editing and storytelling is superb! Cahill emphasized the short, enticing, syndicate-able and viral potential of the video content they are using to market their titles.

Affirming and reaffirming Open Road’s new media savvy was the strongest undercurrent to Cahill’s presentation, and it illumnates Open Road’s vision of the emerging publishing industry. Publishing tomorrow, Open Road believes, will focus on a quick and efficient acquisition-to-sales cycles and top notch marketing.

“Metadata is our sales force… We concentrate on marketing.” (Brendan Cahill)

This lean model shifts publishers out of the editing tradition and out of the book factory tradition. It seems considerably more sustainable in today’s marketplace, and it creates partnerships and lucrative synergies with businesses that otherwise might be direct competitors with a traditional publisher. Is this what tomorrow’s publishers will look like?

Kohlberg Ventures financed Open Road, so they must think so. And Open Road was cofounded by former HarperCollins CEO, Jane Friedman, and film producer Jeffrey Sharp, so they must think so. Established novelist Susan Minot thinks so. And so does debut novelist Mary Glickman.

What do you think? Is Open Road’s lean, quick-to-market and social media oriented marketing strategy a road map for tomorrow’s publishing companies?

eBook Summit 2010

What does tomorrow’s publishing world look like? MediaBistro’s eBook Summit dove into the “New Era of Publishing” on December 15, 2010 at The New Yorker Hotel to explore “some of the most pressing industry issues” and to assist writers, editors, publishers and agent in navigating “the changing industry ecosystem.”

In January I start pitching Rosslyn Redux to a publishing industry that is not only new to me but new to itself. I figured this conference would serve as an informative industry barometer for me and an up-close-and-personal glimpse at how traditional publishers and agents are adapting to the Post-Gutenberg Paradigm. The day was an eye opener. Below I’ve overviewed the highlights.

http://storify.com/virtualdavis/ebook-summit-2010

Debbie Stier: Book Publishing as I See It

Debbie Stier speaking at BookExpo America 2009

Debbie Stier (@debbiestier) first came across my radar when HarperStudio was born… A book publishing outlet that made sense in the 21st century! Publishers who understood (or wanted to understand) the digital migration. Unfortunately bravery and vision weren’t sufficient, and HarperStudio was recycled. (Read the HarperCollins explanation memo to employees.) I was disappointed that the project was abbreviated, but proud of HarperCollins for taking the risk in the first place.

One of her homeruns with HarperStudio was Crush It! by Gary Vaynerchukwhich I’ve “read” three times (the print edition, the audio edition and the Vook edition) as much for Vaynerchuk’s energy, self-confidence and optimism as for the opportunity to compare assets distinct to each platform. I imagine Vaynerchuk has been a good fit for Publishing’s Optimist Prime. In an interview with Marian Schembari last June Stier conveyed unabashed enthusiasm for the future of publishing.

“I love that word-of-mouth is scalable. I love that anybody can share, and connect, and spread the word about great books and ideas without ever having to get permission… I’m allergic to bureaucracy. Publishing is full of protocols; I find it frustrating when people see their role as putting up barriers and looking for problems. I’d rather make something great happen… It’s liberating to know that you are in control of your own destiny and don’t have to hope that the gatekeepers allow you to be recognized.” (Digital Book World)

Stier’s perspective has encouraged and reassured me during my foray into the book publishing jungle. And it’s not all bluster and bravado. Stier’s track record speaks for itself. And she’s EVERYwhere! (I have a hunch that she may secretly have invented the social web between book launches.) The other day I was speaking to my wife’s cousin, Cali Williams Yost (@caliyost) about her experience publishing Work + Life and now working on her second book, and Stier’s name inevitably popped up: “She is wonderful and amazing!” Scanning some of the titles Stier has worked on I realized that my mother-in-law’s friend, Dotty Frank, has also been touched by Stier. The Stier Factor! And when I registered to attend MediaBistro‘s eBook Summit I discovered that she was slated to be one of the panelists. (Did I mention that Debbie Stier is EVERYwhere?)

During her eBook Summit presentation she announced that she’s departed HarperCollins, and that she hasn’t yet announced her next plan. She did mention that it is somewhat unrelated to book publishing but will draw upon her publishing experience. Hmmm… Perhaps something to do with the SATs?

As for promotion strategies in the publishing industry Stier articulated in no uncertain terms that

“everybody should have a digital presence… You’ve got to be part of it to understand, or else you’re not feeling the culture of it.”

She also skimmed over relevant tech/communication trends that she sees emerging. Mobile, mobile, mobile. There’s an adavantage to early adopters. If you use an iPhone, try out Instagram. In publishing, she explained, mobile strategy is mostly tied to apps (location-based and otherwise), etc. In other industries texting and QR codes are making major inroads, but publishing lags behind! This is an opportunity. First mover advantage. She touched on Foursquare and mused on behaviour changes like the gym rat badge. If you are writing nonfiction, Stier said, think of ways that FourSquare could overlap. Tips are key! And many other smart uses too. Leave breadcrumbs where you wrote the book, ate a meal, had a drink, etc.

Stier also emphasized the importance of “caring”. Adopt the Zappos strategy as DELL has recently learned. Care. Gary Vaynerchuck’s new book, The Thank You Economy, is precisely about this. In only a few short minutes Debbie Stier had nailed it. Boom, boom, boom.

Unfortunately she had to depart earlier than anticipated and we didn’t connect aside from a few tweets and this sad image but kind message on Tumbler. Soon, I hope, to meet the legendary Debbier Stier in person.

Off to EBook Summit on December 15

Publishing hasn’t seen this much change in its 800-year history. New technologies bring a wave of opportunities as they disrupt regular print cycles and business models. Books are consumed digitally on portable devices, a new opportunity for authors and publishers to produce multimedia content. Authors can self-publish without the support of a major publishing house and find an audience through social media. As major publishers shift their businesses, new upstarts launch ideas for sharing digital content on a variety of platforms. (eBook Summit)

In less than one month I’m off to the eBook Summit to tip-dip my toes into a new era of publishing. I’m planning to soak up as much as possible from this crackerjack lineup. Time to learn what publishing challenges, opportunities and tools away in the digital age! With luck, I’ll emerge better focused on how proceed with Rosslyn Redux.