Electronic Books: A New Publishing Revolution Not Dead Yet Donald T. Hawkins Director, Intranet Development And Editor-in-Chief, Information Science & Technology Abstracts Information Today, Inc. +1-(215)-654-9129 [email protected].
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Electronic Books: A New Publishing Revolution Not Dead Yet Donald T. Hawkins Director, Intranet Development And Editor-in-Chief, Information Science & Technology Abstracts Information Today, Inc. +1-(215)-654-9129 [email protected] Then… E-book Predictions, 2000: A “Gold Rush” Mentality Jupiter Research IDC Forrester Research 1.9M users of e-books by 2005 US e-book market will grow from $9M in 2000 to $414M in 2004 Revenue from e-books will grow from $838M in 2000 to $7.8B in 2005 Now… Quotes—2002 “E-books Are Solving a Problem Consumers Don’t Have.” Chicago Tribune, August 9, 2001 “E-books may be the greatest work of fiction yet.” CBSNews.com, May 14, 2002 “There is absolutely a future for e-books; it’s just a question of how quickly that future comes.” Toronto Globe and Mail, September 18, 2002 “The e-book market is more of a distant promise than a present reality.” Information World Review, May 2002 Outline What happened? Current market events Marketplace players Appropriate markets for e-books E-books in libraries Legal issues Conclusions What Happened? Too Much Focus on the Container What Is An E-Book? The device? – Standalone readers The content? – E-text, digitized books – Printed books stored in digital format Print on Demand? No Standards What Happened? Too much focus on the container instead of the content No standards People still like to read from paper Poor readability Cumbersome content acquisition Unsettled pricing Questionable value added The biggest hurdles that ebook producers must surmount are: The quality of print portrayed on screens The reluctance of users to switch media and read books from a screen Electronic Books: A Major Publishing Revolution Donald T. Hawkins ONLINE 24(4): 14-28 (July/August 2000) Questionable Value Added “The fact that technology is able to represent documents on the screen is clearly not sufficient justification for converting every piece of paper into electronic format.” Landoni, M., et al., The Electronic Library 18(6): 407-19 (2001) Some Current E-Book Market Events (Nov. 1, 2002, p. 27) Source: Library Journal, July 15, 2002 OEB Consumer Survey Results 67% would like to read an e-book. 62% would read an e-book from their library. 61% said that e-books should be priced the same as paperbacks. 70% said they would buy an e-book if it could be read on any computer. Some Current E-Book Marketplace Players Dedicated Readers and Software Microsoft Adobe Gemstar Palm goReader Franklin e-BookMan Project Gutenberg Began in 1971 Free access to books for everyone – Only public-domain material – ASCII text Over 6,700 books Staffed by volunteers http://promo.net/pg netLibrary—Current Status Now a division of OCLC following bankruptcy Focused on the library market – Follows the “one copy, one user” model – Considering permitting simultaneous users Over 42,000 books in collection Over 7,300 customers (3,000 academic) Appropriate Markets The Student Market for E-Books Many textbooks cost >$100 and weigh 2-3 kg. Textbooks are a large continuing market. 62% of students prefer electronic books over print. (Versaware study) The goReader was designed for students. Enhanced goReader Pocket PC features •Windows CE operating system •IE browser •Modem support •OEB, HTML, and MS Office document capability Full color, high resolution 10.4 inch touch screen Weighs less than 3 pounds Holds up to 150,000 pages of text The Student Market Recent New Cautions Can’t utilize during brief periods of time Quicker to just open a book and highlight passages Reading experience still inferior to printed books Some tasks are harder to do with e-books, and less information is retained. (http://publish.bsu.edu/cics/ebook_final_result.asp) Some students printed large portions of e-books. Source: Ariadne, Issue 29, September, 2001 Other Appropriate Niche Markets For E-Books Small publishers (“mid-list”) Travelers Technical books/training manuals Controlled environments – Government – Military – Proprietary Consumers E-Books In Libraries “Bringing the e-book into existence by attempting to electrify the printed book is turning out to be more complex than anyone had imagined… By putting a printed book into digital form we are unleashing an unknown quantity into the information ecology, and it is difficult to predict whether the consequences will ultimately be positive or negative.” Dennis Dillon, “E-Books: the University of Texas Experience, Part 2.” Library Hi-Tech 19(4): 350-62 (2001) Dedicated E-Book Reader Issues For Libraries Titles must be purchased for a specific device (Many libraries are using RCA’s REB—a descendent of the Rocket E-Book) Incompatibilities among reader brands Difficult and slow downloads Some users unwilling to assume responsibility for reader Must catalog both book and reader Technology problems CDL E-Book Study (D-Lib Magazine, July 2001, http://www.dlib.org) All elements of a viable e-book market are not yet in place. Need added functionality over printed books (like online databases) E-books are not a panacea for storage/archive problems “The role of e-books in academic libraries is still not clear, and there is considerable development of standards, technologies, and pricing models needed to make the market for e-books viable and sustainable.” Legal Issues Conclusions A shakeout has occurred in the e-book market. Many e-book players have disappeared. Overly optimistic predictions have been replaced by more realistic ones. Dedicated readers may not survive; standards are urgently needed. Customer concerns must be addressed. Conclusions (continued) Some players are still active and are prospering. Some new players are even entering the market. E-books will survive and prosper in niche markets where they make sense. E-books will NOT replace printed books! Encouraging Signs OCLC’s investment in netLibrary Major publisher investments Open eBook Forum industry report and promotion of e-books OEB customer survey results Widespread downloading of Microsoft and Adobe readers Points to Ponder Isn’t the Web a gigantic e-book? What about XML? Can DRM restrictions be eased? – Will piracy losses be offset by increased publicity? Will giving away some free e-books enhance sales? Will tablet PCs solve the small screen problem? “The report of my death was an exaggeration.”