In my ongoing mission to become the David Dimbleby of the Web Industry (and beyond?) I recently spent an afternoon chairing a “Question Time” style event for movers and shakers in the UK publishing industry: “Digitise or Die” was the inaugural annual event run by
The Bookseller, the leading trade publication for the book industry, with the sole intention of focusing on the issues facing the book business in the digital age. And issues there are.
Pretty much ever since Gutenberg invented the printing press in 1440, the only way you and I could get our hands on a book would be if a Publisher printed it (the only way to create multiple copies on anything like a large scale) and a bookseller sold it to us. Simple. Oh yes, and of course and author needs to write it.
So, publishers find authors, groom them, coach them and generally hone their talent so as to (hopefully) create not only a great piece of writing but also a rampant commercial success. Of course the publishers would have to kiss a few frogs but hey, sometimes when you get your prince he turns out to be a darned good catch (JK Rowling, Terry Pratchett, Dan Brown anyone?)
So, that model’s clear: Publisher finds the creative talent, publishes the work, markets it, sells it to retailers and then you and I buy it. Hang on a minute…that sounds familiar…creative talent…publisher…seller…consumer…Ah yes I’ve got it! It’s the music business!
And that is essentially the problem facing the book business – how to not do what the music business did. In the digital age the roles are unclear: anyone can be an author (just add talent), publish a book, mass produce it, reach an audience (if it’s any good) and distribute it worldwide, absolutely free.
Perhaps books are just content, and the web is very good at distributing that for free. So who’s going to pay for it? Yes, the book business is probably going through its biggest change in over 500 years, when Gutenburg, quill in hand, said to himself “there MUST be an easier way of doing this!”. Anyway, back to my Dimbleby impersonation....
With research done and cue cards in hand, off I went. There were several speakers in the morning and then my session was in the afternoon. Tension was in the air…what does the future hold? speakers included Jason Hanley from Google (who are digitising content at a rate of knots) and he aptly demonstrated the speed at which the internet, in only 15 years, has been able to reach an audience of 1.5billion – way faster than the decades it took TV or radio to reach anything like those numbers. Yes, the internet is REALLY good at delivering content.
All in all the event was developing a fairly dramatic atmosphere and like any drama there had to be a bad guy. And there was. Enter, stage left,
Andrew Keen, self proclaimed “Anti-Christ of Silicon Valley” and both irreverently funny and deadly serious all at the same time. And his message? That book publishing is finished as a business, either for the publishers or the authors. Content has gone digital and digital content (as the music business is finding out to its cost) is largely free on the web.
As a popular author himself he should know – most of his money, he says, comes from live appearances (c.f. Madonna, Rolling Stones?), not book sales. Although a word of qualification here: as far as I know Andrew has one popular book to his name and that’s hardly a career. Most creative artists would expect to have to produce a substantial body of popular work before they can think about retiring…but I digress. And so to the afternoon session....
In front of an audience of book industry bods I chair an interesting discussion that ranges from the role of the author to the role of the high street bookseller. My fellow panellists included
Andrew Keen, Kieron Smith (MD of
BookRabbit.com) and
Yang May Ooi, who introduced interesting ideas about how the nature of storytelling has changed with the digital age – maybe the book is a format from another time.
Our session was then followed by an excellent presentation by our very own Drew Davies who gave the audience a whistlestop tour of effective SEO techniques.
One thing was very plain throughout the day: Change is afoot. There is fear. There is excitement, anxiety, confusion and (as in all times of change) opportunity. My sense is that there will indeed be winners and losers in the publishing sector over the next few years and the landscape may look very different.
When the dust settles we will see who grasped the opportunities for delivering high quality digital products in a way that consumers want. Content is here to stay and if it’s good enough I think people will pay for it too. The challenge that faces the book business (and the music business) I think is how to position itself so that it adds value, not just the mechanism for distributing content. Value is always attractive....
Next question…ah yes…the man at the back with the yellow tie…yes you, sir!