Monday, May 14, 2007

the business of books

Yesterday's New York Times offered this fascinating glimpse into what makes a bestseller these days. A snippet:

Eric Simonoff, a literary agent at Janklow & Nesbit Associates, said that whenever he discusses the book industry with people in other industries, “they’re stunned because it’s so unpredictable, because the profit margins are so small, the cycles are so incredibly long, and because of the almost total lack of market research.”

The inevitable follow-up question: how to you factor all the readers at libraries? Are we as irrelevant in the minds of moneymakers as DVR watchers?

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