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Amazon leaks Kindle Unlimited

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Re: Amazon leaks Kindle Unlimited

#61
post #5

Awesome. This is a nail in the coffin for Oyster or whatever that other app was. You can't beat Amazon's selection or prices, and this just makes the Netflix comparison even better. Oof. Sucks for competition, good for my Kindle and my wallet.

It was OysterBooks: https://www.oysterbooks.com/ It does suck -- in the spirit of competition, I hope they keep on going!

What sucks about it?

Re: Amazon leaks Kindle Unlimited

#62

A few weeks ago Jon Evans of TechCrunch said this: "Despite my techie contempt for their business practices, I really do want traditional publishers to survive, because their employees — unlike, I suspect, Amazon’s — tend to genuinely love books in the same way that I do, and because good editors are worth their weight in gold. But it’s hard to see how they can thrive fighting like this. In the long run their only re…

Do you see someone other than publishers providing risk capital for authors to live while writing?

Angel investors and incubators provide basically the same service, but rarely for books. I wonder why that is? There have been a number of books/series that I can think of that have spawned $100M+ valuations - Harry Potter, Hunger Games, 50 shades of gray, Jurassic Park, Song of Ice and Fire. If you include comics, then the list just goes on: Superman, Spiderman, Batman, X-men, Watchmen, etc.

Re: Amazon leaks Kindle Unlimited

#63
post #25

Earlier quoted context omitted.

It really depends ... How much do people read? Nobody's too sure, but it looks like an extremely long tail distribution -- not just a matter of 80% of the books being read by 20% of the readers, but of 80% being read by maybe 5-10% of the readers. The $9.99/mo price point will work fine for the major publishers if the readers end up on average reading $9.99 of retail-value ebooks per month, but not too much more, and…

I bet Amazon, Apple, and B&N's Nook have data on how much people read. In fact, I know that Amazon tracks how much people read. They know how many copies are sold, what people bookmark, what page they are on, etc... I bet they have analytics somewhere that could tell you all kinds of amazing things about each book. That would be incredibly useful to an author that cared to dig into how people interact with their work…

Someone did a study recently using Kindle public highlights as a proxy for reading progress - not many books were finished :)

Re: Amazon leaks Kindle Unlimited

#64
post #51

Lots of people in this thread are talking about this being scary for authors. When I was a kid, I got to read a ton of books any time I wanted. I got them at this place called a "library" where they let people come in and take books home with them to read for free . People have always had the option to read books without buying them. In those days, going to the library was effectively the same effort as going to a bo…

I was thinking this sounds strangely like a library card you pay $120 a year for.

Well, even if you don't pay anything for a library card up front, most people pay taxes that support their local libraries, so it isn't necessarily free.

Re: Amazon leaks Kindle Unlimited

#65
post #48

It'll be fascinating to see how our relationship with books plays out over the next 10-20 years. On one hand, unlike music, books are very physical objects, their content very much associated with their form, used by many as decoration within their home. On the other hand, most of us only read most of our books once. I suspect that many, like me, then hang onto those books primarily for sentimental reasons (along wit…

Music used to be home decoration too. Walls filled with vinyl, CD and tape racks prominently displayed.

I'm aware of that (my father had quite an extensive 'wall' of vinyl, and I've had bookshelves of CDs in the past, too) but I don't think music-as-display-item was quite in the same league. It was more for real enthusiasts whereas pretty much everyone displayed books, and for a much longer period of history.

Re: Amazon leaks Kindle Unlimited

#67
post #51

Lots of people in this thread are talking about this being scary for authors. When I was a kid, I got to read a ton of books any time I wanted. I got them at this place called a "library" where they let people come in and take books home with them to read for free . People have always had the option to read books without buying them. In those days, going to the library was effectively the same effort as going to a bo…

I was thinking this sounds strangely like a library card you pay $120 a year for.

I'm a digital nomad with no fixed address (currently staying with my brother in IL, soon on to Florida to live with family down there).

I can't get a library card, because I don't have mail show up at any residence I stay at. $120 for all I can eat books? Take My Money.

Re: Amazon leaks Kindle Unlimited

#68
post #25

Earlier quoted context omitted.

The publishers are really in the position to kill this. They obviously don't want to support an Amazon-based unlimited book rental service, and no users will join it if they can't read the books they want to.

It really depends ... How much do people read? Nobody's too sure, but it looks like an extremely long tail distribution -- not just a matter of 80% of the books being read by 20% of the readers, but of 80% being read by maybe 5-10% of the readers. The $9.99/mo price point will work fine for the major publishers if the readers end up on average reading $9.99 of retail-value ebooks per month, but not too much more, and…

How is the deal structured? Per stream, per 'play', per open? What about books that have higher list prices? etc. Existing ebook rights contracts are based on the agency model (70/30 split with retailer, then some portion of the 70 for the publisher and author). What happens in this model? Authors and agents will probably want to hold out for 'streaming' rights as a separate thing, perhaps. Not sure how Oyster and Scribd are structured, but i suspect that one thing limiting the major houses for streaming is contractual question marks.

Re: Amazon leaks Kindle Unlimited

#69

First they made music a subscription service. And because I like music but I'm a poor struggling author, I didn't listen to those greedy musicians who said this was unfair. Screw you musicians. This Fantasy novel isn't going to get finished unless I can listen to my power-ballad spotify playlist. Then they made video a subscription service. And because I didn't make videos (video being a lesser form of entertainment)…

While I agree with what you're saying to some extent, it's not so one-sided.

Take the (digital) music as an example. For a long time CDs were the only way to buy it. Then it was DRMd CDs I couldn't easily listen to. (but Kazaa already offered an alternative) Then it was music downloads with its own players, that were more expensive than CDs. (alternative: DC at the university) Then it was DRMd internet download/streaming services at prices comparable to physical media. (and torrent everywhere)

Now finally we've got a fairly cross-platform access to (almost) all the popular music out there that brings the physical production, storage and distribution costs down to almost nothing. Artists had nothing to do with it, but the distributors/producers could be in the position currently taken by Spotify / Google Music / iTunes many years ago. They could also keep prices higher than the current ones. They absolutely failed by sticking to old ways.

Customers finally got what they were asking for for a decade and now people act surprised it's a good business causing race to the bottom. It will sort itself out if it's unsustainable. Interesting bands will likely create a new service, offering streaming at higher prices with more profits going to them at some point.

If some band wants to get paid above the streaming rate, they should publish their album for direct download - people will buy it if they're good enough.

Re: Amazon leaks Kindle Unlimited

#70
post #51

Lots of people in this thread are talking about this being scary for authors. When I was a kid, I got to read a ton of books any time I wanted. I got them at this place called a "library" where they let people come in and take books home with them to read for free . People have always had the option to read books without buying them. In those days, going to the library was effectively the same effort as going to a bo…

I was thinking this sounds strangely like a library card you pay $120 a year for.

I was thinking more than 1 person must be thinking this sounds strangely like an invitation for a fat torrent.
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