Literary agent Nat Sobel’s challenge to publishers to hold back e-book reprints of hardcover books has flushed out position statements by two major figures in the trade book industry: Simon & Schuster CEO Carolyn Reidy and Hachette Book Group CEO David Young. They’re both in favor of it.
Jeffrey A. Trachtenberg, who covers the book beat for Wall Street Journal, has elicited thatSimon & Schuster is delaying by four months the electronic-book editions of about 35 leading titles coming out early next year, taking a dramatic stand against the cut-rate $9.99 pricing of e-book best sellers.” And “David Young, chief executive of the Hachette Book Group, said that Hachette, beginning in January or February, will delay the e-book publication of the vast majority of its titles for three to four months.”
Even Barnes & Noble’s Chairman Leonard Riggio supports the delay in spite of the fact that B&N’s Nook e-book reader stands to benefit from quick rollout of e-books tied to hardcover books. “The decision to delay the e-book titles is in keeping with the long-held practice of issuing paperback editions after the initial hardcover,” Trachtenberg cites Riggio as saying.
Not surprisingly, Amazon takes issue with the mounting reaction against simultaneous or near-simultaneous e-book reprints. Trachtenberg quotes an Amazon spokesperson: “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.”
You can read details of Trachtenberg’s article here.
Resistance to quickie e-prints was first articulated by Dominique Raccah, CEO of Sourcebooks, who held back the e-book version of a YA novel to give the hardcover a chance to breathe. You can read her defense, Are E-Books the New Cheap Paperback Edition?, here.
Richard Curtis