Literary agent Nat Sobel, one of the most respected figures in his field, has issued an appeal to book industry leaders urging them to resist the temptation to release e-book reprints of hardcover books too early. Noting with alarm that movie exhibitors had recently pulled a film after learning that an early release of the DVD had been scheduled, Sobel draws the analogy with booksellers whose hardcover sales are cannibalized by early release of e-book editions.

The issues Sobel raises reared their head last summer when Dominique Raccah, publisher of Sourcebooks, put the brakes on simultaneous e-print of a hardcover YA thriller, Bran Hambric: The Farfield Curse by Kaleb Nation. When pundits questioned the wisdom of waiting to release the e-edition, Raccah wrote a lively defense of her decision in a posting for E-Reads called Are E-Books the New Cheap Paperback Reprint Edition?

Now Sobel is advancing Raccah’s argument with a plea for publishers to hold back e-prints to give hardcovers their moment in the sun without fear of being undercut by a cheap digital edition. “I suggest that the electronic versions not be made available for six months after initial publication, eventually being released when the paperback hits the market,” Sobel writes. “I’d like to believe that electronic book sales can and should be the mass market of the future.”
His reasoning is by no means theoretical. He recently demonstrated its correctness by asking Tor Books to hold back the e-edition of a series by the late bestselling fantasy author Robert Jordan. “Now,” he writes, “four weeks after its release in hardcover, The Gathering Storm has sold 24% more copies than the previous volume, even though the work was completed by another writer.”
Sobel, who shares the management of Sobel Weber Associates with partner Judith Weber, was the subject of a penetrating Q and A interview conducted by Jofie Ferrari-Adler and published in Poets & Writers.
Sobel told us that only one of the sixteen publishing executives he’d contacted had answered him. Because he feels that “the future of hardcover publishing is at stake” we believe it is incumbent on those executives to respond and make their views known. We are inviting them to comment on Sobel’s letter, which we reproduce in its entirety below, and we will publish their remarks on this website. Needless to say, we invite all writers, agents, editors, booksellers and book lovers to post their comments here as well.
Richard Curtis
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Subject: Before It’s Too Late

Dear Friends,

This week’s Variety has a story of the fight going on between the studios and the exhibitors about the too-early release of films electronically. The exhibitors pulled the film Cloudy with a Chance of Meatballs on news that the studio planned a special quick release of the film prior to the DVDs hitting the market. The independent booksellers, even some of the chains, do not have this option, when it comes to instant releases of hard cover bestsellers

Why did that movie news remind me of what book publishers are doing to the lives of the hardcovers they publish, by making their top books instantly available electronically? We’ve lived for a year or two with the Kindle, but must now reckon with how the dissemination of books through some of the 140 million cell phones available, is going to change hardcover publishing?

In just a few years we have seen electronic sales of bestsellers go from 2% to 12 to15% of total sales. Next year, they may constitute 20%. Who knows where this will end, once bestsellers are on cell phones, blackberries and the like?

As someone who got his first job in publishing 40 years ago, working for a mass market paperback house, I have seen that area of sales rise and then nearly disappear. My first job was to open accounts and get a 64-pocket wire rack of Dell paperbacks into every imaginable outlet – variety stores, cigar stores – wherever there was foot traffic. At one point, there were more than 100,000 outlets for mass market paperbacks in the US. Those millions of customers didn’t disappear, but the racks and the distributers did.

I’d like to believe that electronic book sales can and should be the mass market of the future. For this reason, I requested that the bestselling Robert Jordan fantasy series not be available electronically until the paperback is released. Now, four weeks after its release in hardcover, The Gathering Storm has sold 24% more copies than the previous volume, even though the work was completed by another writer.

I have nothing to gain, personally, by urging all of you to consider postponing the release of the electronic version of your next bestsellers. As a first step, I suggest that the electronic versions not be made available for six months after initial publication, eventually being released when the paperback hits the market. There’s a clear line between the success of the mass market paperback and its electronic cousin – convenience and price.

The future of hardcover publishing is at stake. You don’t have a lot of time left to save it.

Sincerely,

Nat Sobel

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