HarperCollins opts into growing ebook market
HarperCollins has become the latest publisher to launch a full ebook programme, PrintWeek can exclusively reveal.
HarperCollins joins Penguin, Pan Macmillan and Random House in announcing its intention to capitalise on the growing market for publishing in electronic formats.
HarperCollins’ announcement comes at a time of cataclysmic change for book publishing and coincides with its launch of a new imprint, based on a non-traditional publishing model.
A spokesperson for the company said: “HarperCollins is launching its ebook programme this September, with a full complement of frontlist and backlist titles.
“We will be publishing simultaneous print and ebook editions of non-illustrated books and are currently undertaking an extensive review of our 10,000-copy backlist and clearing rights and royalties for as many of these titles as possible.”
After a slow start, the market for ebooks is growing. Statistics compiled by the International Digital Publishing Forum, show that global sales for downloads
have risen from $6m (£3m) in 2002, to around $33m (£17m) in 2007.
Others are looking to cash in on the ebook market, including Amazon, which last year launched its Kindle e-reader.
Meanwhile, HarperCollins has announced a new US imprint, which will operate on a firm sales-only basis, meaning it won’t accept returns from retailers.
Hyperion founder Bob Miller, who was headhunted to launch the as-yet-unnamed unit, hopes to cut down on the waste that is inherent in the book publishing process. Miller quoted average return rates of 40% in the US for frontlist consumer titles.
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