“It’s these guys’ worlds. We just post in it and shop in it,” said New York University Professor Scott Galloway of Amazon, Apple, Facebook and Google at Digital Book World 2016. During a talk called “The Four Horsemen,” Galloway argued that these four companies are taking over the world and continually disrupting the publishing ecosystem.
“I can’t get enough of television. I love Game of Thrones. These four firms are dragons,” Galloway explained. “When they’re smaller, they’re fine—you can throw rats at them. As they get bigger, they eat cities. It’s not a question of what businesses they’ll go into because it’s not if—it’s when.”
To prove his point, Galloway said Facebook has grown faster than any company, with more than 10 billion dollars in revenue.
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Michael Cader on a ‘Really, Really Complex Marketplace’ (DBW)
On the final day of the 2016 Digital Book World Conference, Publisher’s Lunch Founder Michael Cader started the sessions by giving a brief overview of how the book publishing industry collects sales data. The primary takeaway? There’s a lot of confusion, or, as Cader said, this industry has a “really, really complex marketplace.”
Female Publishing Leaders Talk Gender Equality at Work (DBW)
In a discussion titled “Women at the Intersection of Publishing, Finance and Tech” on the third day of Digital Book World 2016, female publishing executives discussed what it takes to grow their businesses while encouraging gender equality in all sectors of the business world. Moderated by Charlotte Abbott of Abbott Communications and INscribe Digital, the talk included Sourcebooks’s Dominique Raccah, NetGalley’s Susan Ruszala, DeSilva+Phillips’s Joanna Stone Herman, and Penguin Random House’s Katherine McCahill.
Virginia Heffernan: The Internet Changed Literacy (DBW)
During a presentation on the third day of Digital Book World 2016, author and journalist Virginia Heffernan shared her insights on how the Internet has changed our society’s perception of literacy and content, arguing that the way we read today has as much to do with physical books as it does with smartphones.
DBW: Galloway Says Expect Thousands of Amazon Stores (Pub Lunch)
NYU Stern School of Business professor and entrepreneur Scott Galloway presented an updated version of his popular talk on the second day of Digital Book World on how the Four Horseman of the digital age—Amazon, Apple, Facebook, Google—are each on unstoppable trajectories towards becoming trillion dollar market-cap companies (led by Facebook). Of particular note in our community, Galloway noted “e-commerce is a great business as long as you work for Amazon; for everyone else it’s a s—– business.” By his count “51 percent of all growth online goes to Amazon.”
‘Transformation’ at DBW: Wide-Eyed and Learning (Pub Perspectives)
Both instructive and incredulous at times, this year’s Digital Book World is off to a start led by inquiry, guidance, online tips and tricks, and a pressing question: what’s next?
Top 8 Book Marketing Takeaways from DBW 2016 (BookBub)
Tuesday was the first day of Digital Book World, the annual conference on digital publishing in New York City. This year the conference is buzzing about book marketing, data, and discovery, among other topics. And from SEO to author branding, many sessions are focused on connecting with readers and increasing revenue. Here are eight of our top takeaways from the first day.
DBW 2016: A Moral Framework for the Digital Revolution (PW)
Digital Book World 2016, scheduled for March 7-9 at the New York Hilton, opened the same week that the Supreme Court declined to hear Apple’s appeal of its conviction in the 2012 ebook price fixing case, putting an end to the long running legal battle.
Taplin Talks Tech Power at DBW (Bookseller)
Since the first DBW in 2010, there has been the opening of the iBookstore; half of all physical shelf space has been lost; the Department of Justice has changed the playing field; self-published authors have blossomed, putting downward pressure on price; indie stores have seen a resurgence; Amazon has got into bricks-and-mortar, another front in their war for dominance. And that’s just a few among many developments.
Jeff Bezos Lifts Veil on His Rocket Company, Blue Origin (NY Times)
The headquarters of Blue Origin, the secretive rocket company in an industrial park here, is anonymous, with not even a sign at the road to announce the occupants. On Tuesday, for the first time, Blue Origin, started by Jeff Bezos, the billionaire founder of Amazon, opened its doors to reporters. “Welcome to Blue,” Mr. Bezos said. “Thank you for coming.”
Profits Flat at Lagardere Publishing (Pub Lunch)
Lagardere reported 2015 profits after the close of the market in France, after having reported sales on their own in February. Lagardere Publishing had flat earnings on higher sales, with recurring EBIT of €198 million (up 1 million), and €16 million of charges for non-recurring items.