Is Staggering Hardcover/E-book Pub Dates a Long-Term Solution?

By Kathryn • Dec 9th, 2009 • Category: 26th Story, Book News and Publishing

Kyle Bean's "The Future of the Book"As much as I love hardcovers and print books in general, I understand why e-book readers are frustrated about Simon & Schuster and Hachette’s announcement on delayed e-book releases. In an attempt to “preserve our industry,” both houses are (or plan on) publishing e-book editions of their titles three to four months after the hardcover release. The idea is that readers will end up paying the higher price for the book in hardcover because they won’t want to wait four months for the book in their preferred format. Most authors at those houses are on board with the plan because they stand to make more money from hardcover sales, but that’s only if people are equally inclined to buy either format but make decisions based on price alone.

If they are, then I understand why you would delay e-book releases to remove the competition for hardcover sales. But it seems that a majority of e-book readers, who have spent the couple of hundred dollars on an electronic reading device, are rather dedicated to the format and wouldn’t let a timing delay convince them to spend extra money on a hardcover. In those four months, they would spend their $9.99 on other books (and you know there are plenty out there to choose from) and possibly forget about the delayed titles by the time they’re available. As an Amazon spokesman said in the Wall Street Journal article, “Authors get the most publicity at launch and need to strike while the iron is hot. If readers can’t get their preferred format at that moment, they may buy a different book or just not buy a book at all.”

James McQuivey over at the Forrester blog posted a great response to the announcement, proposing alternatives to the delayed e-book plan, including bundling the formats and offering premium digital editions that can be released at the same time as hardcovers. We’ve discovered some challenges with bundling formats and putting the physical and digital into the same shopping cart, but we’re still working on finding solutions that won’t keep any readers out in the cold.

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  • jadedpublisher
    It should go:

    Day 0 -- hc $24.99

    +4 months -- tpb $14.99

    +8 months -- ebook $9.99 for cheapskates who'd rather be paying only $1.99 but hey if I'm really excited I might just pay the same price as three cups of coffee for the book that took you a year to write
  • To answer the question:

    Yes, but only if a publisher wishes to pay to market a book twice. One of the reason why the window between theatrical and DVD release is progressively shrinking (averaging less than 3 months at this point) is that the producer/studio can use one marketing campaign to cover both releases. Traditional marketing is exceptionally expensive and growing less than less “trusted” by the consumer.

    Aside – the latest poll places consumer trust of traditional advertising channels at 17% (that sub-Bush at his worst).

    I think the fear, that eBooks will cannibalize hardcover sales is wholly unfounded at this point. However, as the shift towards electronic reading reaches critical mass, publishers will need to find ways to make the hardcover a distinct and special purchase – separating those who just want to read a story from those who want to collect, own, and possess (as fetish property) the hardcover book.

    At this point, staggering releases into windows is foolish, ignoring the demands of the market, of the ultimate body the publisher should be trying to please. In the future, such actions will be perceived as isolationist, a reactionary, fearful, and unimaginative response.
  • Agree.

    The consumer world has changed ... but will the sellers listen?
  • Great questions and thoughts here. I keep thinking about the books I can pick up at my library but still purchase. There are certain books that I want to have accessible at a certain time and in a certain format. I think you're absolutely right in saying that preferred format needs to be available as soon as possible. Some folks won't want to read the book on a computer, but will still want to have it in hand and accessible on a book shelf. I don't see ebooks changing that.

    As far as bundling goes, I'm leaning toward simply making all books available as pdfs all of the time and only charging for particular formats. That would solve some technical and availability issues, but I wonder if that gives up too much...
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