All access books: As defined by Dohle, these are books so inexpensive, such as those offers through its e-book subscription service Kindle Unlimited, that they damage the industry overall by forcing down prices and, inevitably, author advances. This refers to when an agent asks the publisher not just to match the highest competing offer, but add 10% more. This is when two or more publishers are offering similar advances and nonfinancial terms such as marketing skills or the appeal of working with a particular editor determine who wins. This refers to older books, an invaluable resource for publishers, who rely on them as steady sources of revenue.
#Penguin publisher trial
Pan and for lawyers on each side, the trial has been in part a translation project.
Like any other self-contained community, book industry professionals speak in a kind of shorthand and follow customs that are instinctive to them and at times unclear to outsiders. Penguin Random House and others argue that the market is dynamic and unpredictable, with competitors from university presses to capable of turning out bestsellers. The Justice Department contends that the top publishers, which also include Hachette, HarperCollins Publishers and Macmillan, already dominate the market for popular books and writers and have effectively made it near-impossible for any smaller publisher to break through. The government is trying to demonstrate that the merger will lead to less competition for bestselling authors, lowering their advances and reducing the number of books. “These are private text messages to my closest collaborators in the company.” “I apologize for the passionate language,” Penguin Random House CEO Markus Dohle testified about correspondence exhibited in court that reflected tensions between him and other Penguin Random House executives. District Court in Washington, top publishing executives at Penguin Random House, Simon & Schuster and elsewhere, along with agents and such authors as Stephen King, have shared opinions, relived disappointments and revealed financial figures they otherwise would have preferred to discuss privately or confide on background with reporters.
Through the first week of an expected two- to three-week trial in U.S.
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