Harper Collins experiments

Quick link to a New York Times piece which introduces Harper Collins’ new, as yet unnamed incubator for new ideas in book publishing:

The new unit is HarperCollins’s effort to address what its executives see as some of the more vexing issues of the book industry. “The idea is, ‘Let’s take all the things that we think are wrong with this business and try to change them…

First cabs of the rank are, apparently, the age old tradition of returns (whereby bookshops get to return unsold stock to publishers for credit) and authors’ advances, which may be replaced by profit sharing. And “The new group will also release electronic books and digital audio editions of all its titles.”

It’s not Books 2.0, but at least they’re trying something new…

 

(via teleread)

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