Tuesday, April 8, 2008

Holy eBook Editions!

I recently received a royalty statement for one of my client's titles from HarperCollins. It's seven pages long! This seemed a bit extreme to me, until I realized that pages 3-7 were all detail for eBook editions:
  • 9 copies of the Adobe E-Book
  • 8 copies of the Mobipocket edition
  • 2 copies of the Microsoft Reader edition
  • 6 copies of the Palm Reader edition
  • 10 copies of the Sony Reader edition
Now, this tells me a couple of things:

1. Don't hold your breath waiting for the eBook revolution. Thousands of hardcovers were sold and only a handful of eBook copies.

2. Sony may have something going for it.

Of course, Kindle, the Amazon reader, may kick its butt next period, just on the basis that it's prominently featured on the Amazon home page and essentially has a captive audience, as doesn't everyone buy books from Amazon?

It somewhat amazes me, though, that a huge company like HarperCollins is creating all of these eBook editions and dealing with accounting for them. Think of the millions of dollars in extra paper and mailing costs for the royalty statements alone!

Honestly, after all of the hullabaloo, agita, mishigas, and general bloodshed over the royalties for eBooks, when I look at these statements, I have to shake my head in wonder. Was it really worth it? Did publishers really need to piss off authors and agents and maybe even lose deals over eBook royalties? Consider that most of the books published this year will be out of print before eBook readers are commonplace (are you dropping $300-$400 for one anytime soon?). So unless you happen upon the next Catcher in the Rye that will stay in print for decades and decades, was there really a risk in not getting eBook rights? I think not. Then again, I'm not an MBA sitting high in an office building in New York. Perhaps some combination of the smog and the altitude lets them divine the future of eBooks more clearly. But until eBook readers come down to less than $100, it all seems a bit pie in the sky to me.

Coach Andy