With a rising population of working executives regularly driving to work in India and spending long stretches of time on the road, reading has a new window of opportunity, and with that, so does publishing. Yet while a large part of this audience has already been captured by ebooks, there is a new format of content consumption that is flexing its muscles in the Indian publishing market. Unsurprisingly, it’s audiobooks.
Blending the charm of oral storytelling with technology, publishers and service providers have been testing the appetite for audiobooks in India. Globally pegged at around $3 billion USD and expected to be growing at a rate of more than 30 percent, this is still a nascent market, with its set of advantages. Andrew Weinstein, vice president of content acquisition at Scribd, observed that in the first year of offering audiobooks, users logged more than 270,000 hours of listening.
Audiobooks will continue to gain in popularity, because unlike ebooks, they will find a huge market amongst multitaskers: a category that will only increase with the ever-growing pressures of modern life.
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Company Snapshots: Futureproofs (DBW)
In “Company Snapshots,” we pose a series of questions to leading providers of digital products and services and let them speak for themselves about what their company does, how they benefit publishers, and what they believe the biggest trends in the industry are. In today’s entry, we have Futureproofs.
Is Proposed Merger of IDPF and W3C Good for Publishers? (Scholarly Kitchen)
I have no philosophical objection to using the open web platform for publishing or for HTML-based production of texts, when it is appropriate. It is fairly clear that a significant portion of publishing, content discovery, delivery, and preservation will take place digitally. Consolidating production practices around common formats, distribution tools, and metadata adds to efficiency, reduces costs, aids in accessibility, and ultimately increases usage of content. I suspect you’ll find few others who have “drunk the Kool-Aid” as much as I have when it comes to standards and digital content distribution. But I am very reluctant to believe that this proposed merger will be good for publishers.
Frankfurt’s Publishing Summit, The Markets (Pub Perspectives)
The industry sees “a settling down rather than a reversal” of digital publishing in the UK—one of seven regions featured at Frankfurt Book Fair’s conference on October 18—just as it faces the question of a European Union membership referendum.
De Gruyter Signs Open Access Agreement with Dutch Universities (DBW)
De Gruyter announced that it has signed an open access license agreement for its hybrid journals with The Association of Universities in the Netherlands.
How to Finish Your Book in Three Drafts (Jane Friedman)
Have you ever asked yourself while writing, “How many drafts is this going to take?” That may seem like a question that can’t have an answer, but I would like to propose that it does. And that answer is three. Three drafts, provided that each draft is approached in the right spirit and we take the time we need between drafts.
Lessons from Poland’s Multimedia (Pub Perspectives)
The rise of mobile devices–smartphones and tablets–presents a fascinating, perplexing challenge for publishers. Digitization of media transports the book from the printed page onto a screen, placing it adjacent to every and all other media. How well the book can get along with its new neighbors is an important question.
New York City FY17 Budget to Ensure Baseline Library Funding (Library Journal)
For the second year in a row, the proposed New York City capital budget provided a healthy allocation for the city’s three library systems. In a handshake agreement announced on June 8, Mayor Bill de Blasio—along with Speaker Melissa Mark-Viverito, Finance Committee Chair Julissa Ferreras-Copeland, and members of New York City Council—presented the proposed $82.1 billion capital budget, which included $43 million in funding for New York’s three library systems. The funding restores and baselines an extra $21 million for libraries in FY17.
Writer’s Digest Annual Conference, Aug. 12-14 in New York (DBW)
The Writer’s Digest Annual Conference, designed to empower aspiring and established authors, takes place August 12 – 14, 2016 at the New York Hilton Midtown in N.Y.C. The conference offers more than 70 sessions from 90 successful authors, agents, editors and thought-leaders.
Publishr Powers New Dreamspinner Press Website (DBW)
Dreamspinner Press, one of the world’s largest LGBTQ publishers, announced the launch of its new website, powered by Biztegra’s Publishr platform.