Myspace – albeit tentatively – and Bebo (much more vigorously), have both made commitments to books and authors in the last year that show they are moving on from music and film to one of the older (and more successful) media.
Myspace Books and Bebo Authors may only be small steps – but once books become a natural fit within the major online communities, the opportunities for members of the public to engage with them will increase exponentially in a way Bloomsbury will struggle to match.
]]>Presumably they are going to pull back on the huge advances on books that don’t sell in sufficient quantity to make back that outlay – Donna Tartt, The Icarus Girl, Gary Barlow etc.
]]>OK. So what’s the deal? Nigel Newton is investing some of Bloomsbury’s spare cash in a SF-based startup in an attempt to fill the post-Potter hole? This possibly after throwing £1m at Gary Barlow didn’t quite work.
And the thinking for doing this is what? That he can either (1) sell lots of non-Bloomsbury books to a booky community – which I think he tried before with previous incarnations of Bloomsbury.com and which didn’t really work (2) sell advertising in which case see above (3) sell it to a third party, such as News Corp or Google.
Maybe (4) he just wants to have some fun?
In the case of 1,2 and 3 he’ll have huge customer acquisition costs unless he has some amazingly compelling piece of technology or service which specifically targets the hard-to-get-to-adopt-technology demographic of average book buyers. And as you say, book adverts aren’t exactly porn or gambling when it comes to income generation…
Still, it will be fun trying. And even if he has contradicted himself and seen the google light, then good for him – other publishers could do with some of that.
Let’s just hope that it does the something really special that most opportunities seem to miss…
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