Today’s news: Random House and Penguin Merger??; 2011 sees self publishing surge; IOP Publishing moves to CC-BY licence; Bloomsbury ebooks sales up 89% overall profits fall; University of Chicago Press has a new iPhone app; the Professional Institute AIEP in Chile selects the Millennium ILS and Encore Discovery
The New York Times reports that “in an effort to stave off the challenge from online retailers in a rapidly changing market, two of the world’s largest book publishers, Random House and Penguin, are engaged in talks to combine their businesses.
Pearson, the British media conglomerate that owns Penguin, said Thursday that it was discussing a potential deal with Random House’s owner, Bertelsmann of Germany. The merger, if completed, would create a combined entity that would control nearly 25 percent of the United States book market and feature an elite roster of authors like Dan Brown, Toni Morrison and John Grisham of Random House and Junot Diaz and Patricia Cornwell of Penguin.
According to this post in Digital Book World “self-publishing is growing quickly. In 2011, there were about 235,000 self-published titles in the U.S., and about 87,000 of them were e-books, according to a new report from Bowker, a book-industry-focused market-research firm.
While most self-published titles are still print books (some 63%), the e-book category is growing faster. E-book self-publishing production is up 129% since 2006, versus a gain of 33% for print over the same period…
“OP Publishing (IOP) has … announced a significant change to its copyright arrangements for research published on an open access basis in the company’s wholly owned journals and for bibliographic metadata.
As a result of this move, the company will adopt a more liberal Creative Commons licence (CC-BY 3.0) for future articles published on a ‘gold’ open access basis. This licence allows others to distribute, remix, amend, and build upon a piece of work as long as they credit the original creation. The licences grant rights to the users of the content but do not replace the copyright, which remains with the copyright holder…”
According to GalleyCat, “British published Bloomsbury saw eBook sales rise 89 percent to approximately $7.26 million from March through August of 2012 over comparable sales in 2011, the company said in an earnings report published today.
The company’s overall revenue for the period was approximately $70 million, up two percent from 2011. However, profits fell 37 percent compared to the same period last year…”
The University of Chicago Press is pleased to announce the release of a new app for iPhone® and iPod touch® based on its best-selling University of Chicago Spanish-English Dictionary. This precise and practical bilingual application features the content of the newly released sixth edition of the University of Chicago Spanish-English Dictionary, which was thoroughly revised to reflect the most current vocabulary and usage in both languages, and is available for download for $9.99 on the App Store.
Professional Institute AIEP (Chile) Selects Innovative’s Millennium ILS and Encore Discovery
Innovative announced today that the Professional Institute AIEP (Instituto Profesional) in Chile has selected the Millennium ILS and Encore Discovery, for a complete solution to library management and user access. The Institute serves more than 60,000 students who pursue degrees in a variety of business fields, engineering, the arts, and more. The Institute is Innovative’s fourth customer in Chile and will be migrating from an Alexandria™ library system provided by the COMPanion Corporation.