Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Business, Financials
AP  
December 7, 2010

Friend or foe? Google, indie book sellers team up

SAN FRANCISCO, USA — Struggling neighborhood book stores now have a new way to ring up sales, courtesy of a formidable new rival — Google. But it still may not be enough to help them keep their doors open.

The Internet search leader opened its long-awaited electronic book store Monday, competing against Amazon.com Inc. and further accelerating the shift of book distribution from brick-and-mortar stores to the Web.

It’s the latest twist in a tumultuous new chapter for the book industry, one that will challenge traditional book retailers’ ability to adapt and avoid the fate of music and video retailers that have been beaten by digital competition in the past five years.

Unlike Amazon or Apple Inc., Google Inc.’s entry is giving independent retailers a way to keep up with the times.

Google is allowing merchants to sell its inventory of 3 million electronic books through their own sites and bring in more money as they scramble to adjust to the rising popularity of e-readers such as Amazon’s Kindle and computer tablets such as Apple’s iPad.

More than 100 book retailers in 36 states already have agreed to team up with Google. They include Powell’s in the Portland, Oregon, area and online-only merchant Alibris.com.

“This will help give independent book stores a more level playing field,” predicted Michael Tucker, who owns four small book stores in the San Francisco area and is president of the American Booksellers Association, a trade group.

Teaming up with Google still won’t be enough to save all the book stores that still won’t be able to bring enough revenue to remain open as more people embrace e-readers, predicted Forrester Research media analyst James McQuivey.

Over the past decade, the number of independent stores operated by the ABA’s membership has fallen from 3,000 to 1,700, the ABA said. McQuivey expects hundreds more to close during the next decade.

The upheaval will occur as sales of e-readers, tablets and electronic books steadily rise during the next five years.

Forrester expects US e-book sales to total US$2.8 billion in 2015, up from nearly US$1 billion this year. The research firm projects the number of e-readers and tablets in the US will soar from more than 15 million this year to nearly 60 million in 2015.

Even larger book retailers are feeling the pressure to shake things up.

Activist investor William Ackman on Monday offered to finance a US$963 million bid by Borders Group to buy rival Barnes & Noble Inc. Combined, the two retailers operate about 1,400 stores, many of which would presumably be closed if they were to combine forces.

Although most analysts doubted a deal would come together, the proposal underscores the challenges facing traditional book retailers as they look for ways to lower their costs.

Barnes & Noble already is making some headway in digital books with its Nook e-reader, a major selling point in any potential deal, said Morningstar analyst Peter Wahlstrom.

“The one growth area in the US book industry is the digital push,” Wahlstrom said.

Google’s electronic book store, in the works for more than a year, draws upon a portion of the 15 million printed books that the Mountain View-based company has scanned into its computers since 2004.

About 4,000 publishers, including CBS Corp.’s Simon & Schuster Inc., Random House Inc. and Pearson PLC’s Penguin Group, are also allowing Google to carry many of their recently released books in the new store.

Those publishing deals will ensure that most of the current best sellers are available in Google’s store, said Amanda Edmonds, who oversaw the company’s partnerships.

Millions more out-of-print titles will appear in Google’s store, called eBooks, if the company can gain federal court approval of a proposed US$125 million class-action settlement with US publishers and authors.

The publishers and authors had sued Google, saying it scanned copyrighted books without getting permission.

The settlement has been under review for more than two years. It faces stiff opposition from rivals, consumer watchdogs, academic experts, literary agents and foreign governments. They worry that Google would get too much power to control prices for e-books.

If the settlement is rejected, those books cannot be sold in Google’s new store.

Amazon.com, which started as an online bookseller, is among competitors trying to stop the settlement. The US Justice Department has advised the judge overseeing the case that the settlement probably would violate antitrust and copyright laws.

Google’s e-books will work on the Nook, Sony Corp.’s Reader devices and practically every other e-reading device except the Kindle. Google achieves this with the help of Adobe Inc.’s copy-protection system for e-books.

That system is already used by public libraries and smaller online bookstores, but hasn’t seen much interest from the major players. Amazon.com, Barnes & Noble and Apple all have their own copy-protection systems.

Kindle owners also can sync their e-readers with a wide variety of other devices, although it isn’t compatible with other e-readers such as the Nook.

Google plans to offer sharp discounts on many of its e-books but it will still pay publishers 52 percent of the list price for sales made on its site, unless another arrangement has been negotiated with an outside agency.

The formula means that even if Google elects to sell a book with a US$10 list price for US$6, the publisher would still get US$5.20.

The revenue-sharing formula changes slightly when the electronic sales occur through one of the independent book merchants or other partners Google hopes to recruit. Google didn’t disclose the precise split of these arrangements.

Although Google expects the lion’s share of its eBooks revenue to be funneled to its partners, its portion of the sales could help the company develop another way to make money besides the Internet ads that bring most of its income.

The availability of eBooks also could help boost advertising sales by giving people another reason to come to Google’s website.

McQuivey suspects that Google eventually may decide to sell ads alongside some of its books. If that happens, Google could afford to lower the prices of books even more and create more headaches for traditional retailers.

“In the long run, I don’t think Google has a strong appetite to make it easier for book sellers to stay alive,” McQuivey said.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Education Ministry targets mental health for Child Month 2026
Latest News, News
Education Ministry targets mental health for Child Month 2026
May 2, 2026
KINGSTON, Jamaica – The Ministry of Education, Skills, Youth and Information (MOESYI) has launched Child Month 2026 with a strong focus on children’s ...
{"jamaica-observer":"Jamaica Observer"}
Cybercrimes have devastating consequences, warns Senator Gayle
Latest News, News
Cybercrimes have devastating consequences, warns Senator Gayle
May 2, 2026
KINGSTON, Jamaica — Government Senator Kavan Gayle has pointed to the potentially “devastating effects” of cybercrimes on individuals, and has welcome...
{"jamaica-observer":"Jamaica Observer"}
‘Bookless bookstore’: audio-only book shop opens in New York
International News, Latest News
‘Bookless bookstore’: audio-only book shop opens in New York
May 2, 2026
NEW YORK, United States (AFP) — Audiobook giant Audible opened what it billed as the first "bookless bookstore" in New York on Friday as industry stat...
{"jamaica-observer":"Jamaica Observer"}
YEA calls for expansion in technical assistance to strengthen MSME recovery and economic resilience
Latest News, News
YEA calls for expansion in technical assistance to strengthen MSME recovery and economic resilience
May 2, 2026
KINGSTON, Jamaica — President of the Young Entrepreneurs Association of Jamaica (YEA), Cordell Williams, is calling for a strategic scale-up and accel...
{"jamaica-observer":"Jamaica Observer"}
World Relays: Jamaica’s 4x400m teams fall short in first qualifying round
Latest News, Sports
World Relays: Jamaica’s 4x400m teams fall short in first qualifying round
May 2, 2026
Jamaica’s 4x400m relay teams will hope to lift their performances on Sunday’s final day of the Debswana World Athletics Relays in Gaborone, Botswana a...
{"jamaica-observer":"Jamaica Observer"}
Couple killed in south Manchester home invasion
Latest News, News
Couple killed in south Manchester home invasion
May 2, 2026
MANCHESTER, Jamaica— A couple was killed during a home invasion by masked gunmen in Farm district, south Manchester on Saturday morning. https://youtu...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
Man dies after being struck by car in Mandeville
May 2, 2026
MANCHESTER, Jamaica — A man succumbed to injuries he sustained after he was struck by a motorcar on Grove Road in Mandeville on Friday night. The dece...
{"jamaica-observer":"Jamaica Observer"}
Spirit Airlines begins ‘wind-down’, cancels all flights
International News, Latest News
Spirit Airlines begins ‘wind-down’, cancels all flights
May 2, 2026
WASHINGTON, United States (AFP) — Low-cost United States (US) carrier Spirit Airlines said on Saturday that all of its flights have been cancelled as ...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct