Archives for November 2005

An Extra Meal The Next Wave of the Books Online Business Begins Publishers Lunch had reported exclusively from Frankfurt on various proposals from Amazon (and then Google) to publishers regarding an assortment of “pay per view” models for displaying and searching books under copyright. Now Amazon has officially announced two programs in development “that will enable customers to purchase online access to any page, section, or chapter of a book, as well as the book in its entirety.” Simultaneous with Amazon’s press release, Random House announced proposed business terms for dealing with all vendors aspiring to offer paid online content […]

Random House Enters Film Business Random House has announced another big step beyond traditional publishing with the creation of long-term “creative and strategic filmmaking partnership” with Focus Features, the division of NBC Universal run by David Linde and James Schamus. Together the companies will develop, co-finance and co-produce “a substantial slate of feature films for theatrical release” based on books published by Random House, where “rights are available and can be acquired.” The films will be jointly owned by the two companies, with Focus controlling worldwide sales and distribution rights. The publisher is creating a Random House Films division, which […]

Kirshbaum Sets Up His Own Agency; Korda to Step Down As EIC The guessing game is over on where outgoing Time Warner Books Group CEO Larry Kirshbaum will hang his shingle as literary agent. Rather than join an established agency, as many expected, Kirshbaum is forming LJK Literary Management. Kirshbaum explains his decision to go on his own: “I’m new at this and wanted to start small in my own shop.” LJK’s first hire is Susanna Einstein from Maria Campbell Associates, who will be director of foreign rights. Kirshbaum says he expects to build to a staff of four or […]

Quarterly Scorecards: Penguin Up a Little (Pearson Ed Up a Lot), S&S Down Pearson is delivering the long-promised strong 2005 increases in sales at the Pearson Education unit. For the first nine months of the year, sales have risen 10 percent in the educational divisional and profits are up 20 percent. At Penguin, sales are up 2 percent so far in the fiscal year though, “with the 2005 publishing schedule weighted more towards the first half, the rate of growth has, as expected, slowed through the year.” (Additionally, fiscal 2004 was a weak year for the trade publisher, with sales […]