frank's blog

Amazon Signing Authors Directly – Cutting Out The Publisher

Posted in internet, Media by aldorf on October 17, 2011

After years of turning the traditional brick-and-mortar bookstore business on its head, online retail giantAmazon is now taking aim at the publishing business by getting writers to ditch their publishers in favor of Amazon.

The company is scheduled to publish 122 books this fall in print and e-book form, according to a report from the New York Times. The move puts Amazon in more direct competition with some of its largest suppliers, like Penguin, Random House and MacMillan. Read full story here.

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Unexpected? Borders Files for Bankruptcy

Posted in art, internet, Media, your take on... by aldorf on February 16, 2011
Borders in San Mateo, California.

Image via Wikipedia

Owes Top Publishers $230 Million, and Will Close About 200 Stores.

Borders formally filed for Chapter 11 bankruptcy protection in a Manhattan Federal Court, listing total debt of $1.29 billion and supposed assets of $1.275 billion. Among the top 30 unsecured creditors listed in the filing, book publishers and distributors are owed roughly $230 million (see below for the full list).
The bookseller says in an announcement that it “has received commitments for $505 million in Debtor-in-Possession (DIP) financing led by GE Capital, Restructuring Finance. This financing should enable Borders to meet its obligations going forward so that our stores continue to be competitive for customers in terms of goods, services and the shopping experience.” For customers, they expect to honor the Borders Rewards program, gift cards and other customer programs and they expect “to make employee payroll and continue its benefits programs for its employees.”
The company says they had 642 stores open as of January 29. In their press release, they say they expect to close “approximately 30 percent” of those stores, or roughly 200 locations, “in the next several weeks.”
Ken Hiltz has been named senior vice president – restructuring of the company. Named advisory firms include Jefferies & Company for financial and restructuring services; DJM Property Management for lease and real estate advisory services; and consultants AP Services for interim management and restructuring services. The company intends to “finalize and implement a store closure, store liquidation and lease modification plan” as already discussed and approved by their board.
President Mike Edwards addresses the obvious in the release, “It has become increasingly clear that in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company’s lack of liquidity, Borders Group does not have the capital resources it needs to be a viable competitor and which are essential for it to move forward with its business strategy to reposition itself successfully for the long term.” Elsewhere, the announcement perpetuates the company’s illusion that they are but one more step away from a turnaround into “a stronger and more vibrant book seller.”
The publisher creditor list comprises:
Penguin    $41.1 million
Hachette Book Group    $36.9 million
Simon & Schuster    $33.75 million
Random House    $33.5 million
HarperCollins $25.8 million
Macmillan    $11.4 million
Wiley    $11.2 million
Perseus    $7.8 million
F+W Media    $4.6 million
Houghton Mifflin Harcourt $4.4 million
Workman    $4 million
McGraw-Hill $3.1 million
Pearson Education    $2.8 million
NBN    $2 million
Norton    $2 million
Zondervan    $1.9 million
Hay House    $1.7 million
Elsevier Science    $1.6 million
Publications Intl.    $1.1 million 

Readers will recall that we recently tried to frame the coming Borders bankruptcy in the context of the AMS bankruptcy from late 2006. In that filing, the 40 largest publisher creditors were owed $220 million, topped by Random House, which was owed $43.3 million. (via PublishersLunch)

Books are not dead. Nice Work by Editions Volumiques.

Posted in Animation, Media by aldorf on September 12, 2010

Great new app ideas! Not exactly sure about the technology part but some could open up a whole new revenue stream for developers through the sale of physical objects. Let’s see if Apple allows these kind of games in their store.

Editions Volumiques, a publishing house focusing on the paper book as a new computer platform, as well as a research lab on book, computational paper, reading, playing and their relation to new technologies. (by Bertrand Duplat and Etienne Mineur)

Read The Blogpaper

Posted in blog, Media by aldorf on June 13, 2010

theblogpaper

Publish your blogs, photos and other content on the blogpaper. The highest rated and most discussed content is promoted to a printed paper published and distributed in London.

Who wants to read blog posts when they were around for a couple? And please consider the environment before printing this blog post.

Best ebook Publishing Sites

Posted in ideas, Media, web by aldorf on May 31, 2010

Lulu.com

BookSurge

PubIt

ExLibris

The future of publishing. 18 million authors in America already. You just need a great idea. Thankfully, that will never change.

Best ebook Publishing Sites

Posted in ideas, Media, web by aldorf on May 31, 2010

Lulu.com

BookSurge

PubIt

XLibris

The future of publishing. 18 million authors in America already. You just need a great idea. Thankfully, that will never change.

Create Your Own FLASH Website

Posted in Media, web by aldorf on January 7, 2010

Create websites and embeddable flash objects with audio, video, images, and text, then publish anywhere on the Web. Drag & Drop. No programming.

Wix has recently surpassed the 2.6 million user landmark and is introducing a fresh new homepage and a brand new statistics feature for users that have chosen to create a Flash website using the Wix builder. And it’s thanks to the support and feedback from Wix users that it continues to evolve! Check out their blog to keep track of latest news & features.

Source: Wix Freshens Up for the New Year | Business & Finance News | Stock Market | equity | Investment

scribd.com

Posted in Media, web by aldorf on December 24, 2009

“[before Gutenberg] The scribe was the only bulwark against great intellectual loss. His function was indispensable, and his skills were irreplaceable.” (Here comes Everybody, Clay Shirky)

Come on, safe the world and share your writings with us all.

Scribd is the largest social publishing company in the world, the Website where tens of millions of people each month publish and discover original writings and documents. On Scribd, you can quickly and easily turn nearly any file—including PDF, Word, PowerPoint and Excel—into a Web document and share it.

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