It was the best of times, and the worst of times for the book
industry in 2011; a year of living dangerously. Borders finally
shuttered its stores after a long terminal illness. It seemed like
the end of an era when, in fact, it was not. The international age
of the superstore started only in 1999, when the super chain store
opened shop in Singapore. Within 12 years, it was all over. Twelve
years is not an era; it is an aberration. It was bizarre to any
thinking person: how could bookstores that operated on such small
profit margins, most of which they were giving away as discounts on
bestsellers, afford to rent such large expensive real estate in
prime locations in major cities throughout the world? After killing
off thousands of independents over the decade, the romance with the
mega bookstore has ended, leaving the landscape looking like Japan and
Germany after the second world war.
A war zone
If book retailers tried to defy gravity, the 'big four' publishers
were involved in a weird outer-space ballet in the first decade of
the second millennium. By some accounts, out of 300,000 new titles
published by Anglo-American industry, 3,000 or one percent made it to
bookstore shelves, given three months to perform before being axed.
Most books sold in double digits, many of those shortlisted for the
Man Booker doing no more than three digits. Add to this overprinting
and the SOR terms for book retail, it was waiting to be exploited
and it was (by the major chains). The wreckage in the aftermath of
this disaster looks like another war zone.
In Frankfurt, I decided to walk around Hall 8, the international
hall, on Friday afternoon of the Bookfair after most business
transactions had been concluded. In the last -- or was it the first
-- row, I came across the stands for remaindered book dealers from
the US and the UK. I was browsing through one, The Book Depot, and
speaking to the bloke who was there, who asked me where I was from.
You should have seen his face light up when I told him that I was
from Malaysia. He has several Malaysian customers, he said happily,
and rattled off a few names. I was not surprised to hear the name of
one independent remainder-books shop, but when I heard the names of
the other two, both major chains in the country, I was taken aback.
So the big boys are in it, too. It’s no wonder The Book Depot guy’s
face lit up. Looks like I've got another live one, here!
The Yellow Submarine
2011 was also the year of the e-book and
print-on-demand (POD). The e-book is of the future, and is still
work-in-progress (as anyone who’s looked at the free download of The Yellow Submarine from the
iBook store can see). How big it is going to be? That depends on how
creative the products become. Something is bound to happen, there
are too many talented people out there for it not to. As for POD, we
have always had vanity publishing. It has now gone high-tech,
although most sales numbers are still in single or double digits.
POD is good for keeping publisher’s backlists in print, but that’s
not the only reason to support it.
I read this in a Publishing Perspective’s story, What is the ‘New’
Publisher? : ‘The “new publisher” is a creative intermediary between
the author and reader, and not merely a gatekeeper.’ Strange. That’s
what I used to think all publishers were about -- to be creative
intermediaries. As a bookseller, I was frustrated when local
distributors (who don't read) decided what books the people got to
buy. Life was bad enough with government censorship, only to
discover later that big Anglo-American publishers subscribed to the
same ethos. POD is, in part, a reaction against this hegemony. It is
a little sad, because there are many talented writers out there who
will have to be satisfied with double digit sales because they do not
avail themselves of the ‘creative intermediary’ role good
publishers can provide.
Maybe, like Borders and super stores, that hegemony will break.
After all, they are run by MBA’s and, if there is more money in
watered down syrup, they’ll shift. Despite the unrelenting cry in
the media in 2011: the book is dead; the book is dead, we say, “Long
live the book.”
Happy New Year.
Raman Krishnan
Silverfish Books