Thursday, February 14, 2013

TOC: The Third Tier: Between the Big Six, and Self-Publishing, a Digital-First Business Model


Atavist - Evan
Multimedia non-fiction short books. Kindle singles, etc. Publish through website/app. Narrative non-fiction and software company. Create their own software and use it to publish their content.
Paying authors from magazine world model, no royalties. Their product was a hybrid of magazines/books, so authors get 4 figure fee and 50% royalty on post-platform. They get the fee from the first sale. This incentives them to help market.
Used a contract that was based on real contracts, but for a year or so no lawyer even saw it. World/not world rights don’t make sense these days – it’s all the world and revenue will be split with author/publisher. They share rights with author after 120 days if author wants to jump ship – this way they prove value and if not author is free to go elsewhere (though atavist can still publish).
Get the author involved with marketing in a partnership type relationship rather than let author think they’re on their own.
Want customer to be equally happy wherever they buy a product, but they prefer to have customers come straight to their website which is better for them in the long run. Want people in their world, their base.
Self funded for first two years. Making money by licensing software so they don’t need to actually sell content to be ok (though now they are doing well with the content).
Use public domain materials and freelancers, but with small efficient team feels they have same standards as big publishers.
No inventory to create overhead. Office can be the only overhead.
4 – 10 people start to finish.
Publishing is not the sexiest place for programmers to go. Started out with self taught programmers. Have found literary engineers who have their own projects to. Can’t really afford most engineers
Trying to build a platform for storytelling in the long run. A unique kind of storytelling that’s different from books and magazines.
Part of BrightLine venture.

OpenAir Publishing - Jon
Instructional books
Video content is royalty only, which gets providers to market.
Customer is the user. Thinks that way every step of the way. It translates into the higher ratings and word of mouth.
Experiment with free and different prices. For instance Starbucks and Crate&Barrel free books.
Using inkling habitat to make great books. Discover platform has seen great results already.
They share revenue with authors rather than base it on a more common royalty structure.
3 – 10 people start to finish. Salaries for team and fees for production.
Concentrated on front end development at first (high end) then switched to inkling habitat.
Be the leading digital first non-fiction digital publisher is the long term goal. To take advantage of the new medium in new ways (like TV in the beginning which started as plays on film but then turned into things that only work on TV)

Plympton – Jennifer 8. Lee
Serialized fiction for digital reading. Partnering with dailylit.
Great media company needs great content and great distro.
Modest advance for authors, but revenue share at back end. Left it open since market is eveolveing
Higher risk higher reward author compensation model.
You keep most of the rights unless otherwise specified.
Contracts are writer friendly, but tied fortunes together. Blanket contract with world rights, digital, print, drama, merchandizing, etc. Anything to do with text (translation, print, audio) then Plympton got higher share of royalties because they put in more effort. With other things they knew someone else had put in the effort. Prefer working with things from the start because of how much they want to be a part of.
[didn’t realize the amount (little) of effort involved in publishing on iPad but not UK]
They need to know who purchases their copies. Via Amazon you don’t know who bought the part of the book. Much better to manage the relationship, hence dailylit partnership.
Facebook has helped them build the right list (women over 40 spend more on their product and are cheaper for Facebook ads).
They do physical book giveaways via goodreads which builds a list that they can then market to (pBooks made via Amazon)
Just turned profitable.
Creating great content at scale is not helped by technology, but marketing at scale is helped with technology.
Got programming from friend by trading python scripts for okcupid profile. Bartering helped with costs. Got students to help by offering sundance tickets.
Trying to have a route from MIT course6 into Plympton.
Want writers to be able to write for a living.  Serial publishing is difficult right now, but they want to find the way.
Jennie started because she wanted to make a difference in the world.
Imprints are for publishing ego and not for this model.

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