In a data-drive blog post Sourcebooks ceo Dominique Raccah underscores that fiction is disproportionately dominating ebook bestseller charts as well as her company’s digital sales. While well over half of Sourcebooks’ print sales come from adult nonfiction, over 80 percent of their ebook sales are from fiction. “Right now we’re seeing relatively weak conversion of adult non-fiction to ebooks,” Raccah writes. While reference is the single largest category within nonfiction, she says “our experience at Sourcebooks is that it’s the hardest category to get right in ebooks.” Which is ironic, since epublishing and the internet were widely expected to eliminate many […]
Rental
eNews: Amazon Cuts Ties to AR, CT Over Sales Tax; Kobo eBook Lending; and More
Add Arkansas and Connecticut to the list of states Amazon is cutting ties with over new sales tax laws. In Arkansas, where the law enables the state to charge sales tax on companies who exceed $10,000 in annual sales, Amazon notified associates by email that it would terminate their contracts on July 24. And in Connecticut, affiliates will be cut off “effective immediately,” per a separate Amazon email. AP UPI Kobo is said to be preparing its own ebook lending and self-publishing services to launch before the end of the year. GoodeReader Waterstone’s sale to Alexander Mamut will not affect […]
Monsoon to Add Textbook Rental Market
Monsoon Commerce is joining the fast-growing online textbook rental market, which has attracted a lot of venture capital and fast-growing players such as Chegg and BookRenter. Calling it “the first online textbook-rental marketplace”–since it will have multiple vendors offering, and the sellers are also the renters–they are enrolling seller/renters now through Alibris to prepare for next fall’s back-to-school season. They say in the announcement that “current estimates put textbook rentals at nearly 15% of the online textbook market. CEO Brian Elliott says after the Alibris launch, “we’ll extend the book rental capabilities we’’ve built to our Monsoon Commerce retail partners.” […]
Chegg Signs with the Available Partner, Borders
With Barnes & Noble College already in the textbook rental business, along with the other big college bookstore operator Follett–which partnered with BookRenter.com–Chegg.com has turned to Borders for an “exclusive partnership.” While Borders does less business with college students, the company did launch an online Textbook Marketplace powered by Alibris in July. The Chegg textbook rentals will be featured in that marketplace. Chegg raised another $75 million in financing in September (making over $160 million in venture capital, and another $55 million in debt poured into the company) and Tech Crunch says they are estimated to have $130 million in […]