Hachette: Sales Shuffle and DOJ Settlement Update
Six months after appointing a new head of sales and marketing, Hachette has announced a sweeping reorganization of its sales structure. At the same time, Hachette is in the middle of its most important sales negotiations in recent memory: re-setting all its contracts with e-book retailers.
The two have little to do with each other except in timing. So here’s the skinny:
– The 100-person Hachette sales force is now three divisions (basically: retail, strategy and operations, and international/special markets) and will add a small amount of headcount. The new organization is meant to help align Hachette with the new book sales marketplace, driven by digital growth.
– We should expect Hachette to announce new agreements with e-book retailers soon. The negotiations are being led by the new chief marketing and sales officer Evan Schnittman and are being run concurrently with the new reorganization.
Subtext: If you want a job in book sales, Hachette is hiring. And expect new pricing on Hachette titles soon.
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The rest of the day’s top news:
Rowling E-Book Sales at 50%? (Pub Lunch)
Hachette released some numbers on how well The Casual Vacancy is selling (spoiler alert: it’s selling very well). Doing some math, Pub Lunch wagers that about half of all sales are e-books.
Survey: E- Vs. P- (Pub Perspectives)
The age-old e-book question: when will e-book revenues overtake print revenues? The answer? Before you know it.
New Library Nook App (DBW)
OverDrive made waves announcing its new Nook app earlier this week that will affect about 11,000 library clients. This link is not that. This is 3M’s new Nook app, which will affect about 70 library clients.
Start-up Cash: $1.1 Million for Libboo (DBW)
Start-up money is pouring into the book industry (a very good thing, some say). The latest is $1.1 million for discovery start-up Libboo, which already has a pilot program in place with Houghton Mifflin Harcourt.
iPad Mini on the Way (WSJ)
If you have been living under a rock for the past few months, you might not yet know that a smaller iPad is coming. Well, it is – in October. How might it affect the e-book world?
Kindle Paperwhite Sold Out (GigaOm)
If you want a new Kindle Paperwhite and haven’t yet ordered one, get ready to wait. The device is sold out already. Expect a four-to-six week wait.
Amazon Option (DBW)
Amazon Studios has optioned its first book for a movie – and it’s a book publisher by Amazon Publishing. Call it home-field advantage.
Sexy, Steamy E-Book (BlogHer)
As if the e-book world isn’t sexy enough: BlogHer is putting out calls for submission for an erotic e-book with the sexy title, Racy, Sexy, Saucy: Women Write Desire.