The Frankfurt Book Fair is conducting a survey of publishers to learn what they believe will be the business models of the future.
The second question on the survey is interesting because it points to a potential shift in the balance of power in publishing from publishers to authors.
In your opinion, what are the three biggest challenges for the media industry? (Please check three answers)
Along with digitization, piracy, the economic crisis, oversupply and other issues, one of the 10 possible answers that you get to choose as among the three biggest challenges to publishers:
– Strengthened position of authors (increasing possibility for direct marketing without a publisher/bookseller)
The fact that this is one of the possible answers tells you that the market is shifting dramatically.
The fact that the following is also among the possible answers tells you we are at a crossroads.
– Concentration of distribution channels
Either authors will gain significant power in the new marketplace or big players like Google and Amazon will so overwhelm us all that we would do well to learn a new trade that will always be in demand, like plumbing.
We live in interesting times.
– Anita Bartholomew