State of Play…

Nice post from Henry Rosenbloom, the man from Scribe in Australis, summarising the state of play:

It’s not easy being a trade publisher in Australia these days. The outside world has caught up with us: trade is terrible, e-books are still either a promise or a threat, and there remain large uncertainties about the domestic and international economies…

And:

I’ve even known accountants to be astonished that a whole industry can be based on publishers bankrolling authors, lending their books to booksellers, paying for retail prominence, and then accepting the return of unsold books.

Even for independent booksellers and publishers, this paradigm feels under threat. To put it most simply, if the industry cannot provide a living to its participants, it will have to change radically.

 

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