The Lycos Network Find it  - Talk about it  - Shop for it   

LOOK FOR 

 
Print this   ·   Email it



Random House Makes Web Deal
by M.J. Rose

5:10 p.m. Apr. 3, 2000 PDT

   

The barriers to becoming a published author were broken down a little further Monday as a traditional book publishing giant invested in an online publishing services provider.

Random House Ventures, a division of New York-based book publishing giant Random House Inc., announced it has taken a significant minority stake in Xlibris.com. Terms of the deal were not disclosed.


    



Corner Store

- - - - - - - -
Editorial policy


C U L T U R E
  Today's Headlines
3:00 a.m. Jun. 7, 2000 PDT
 
Sex and the New Email 'Show'

The Napster of Searches

Napster Shares the Wealth

Car-Sharing Goes Online

MP3 Site Sues RIAA Over Linking

More Telecommuters Than Jobs

Small Bookstores Get Booksense

Up, Down, All Around the NASDAQ

Think It's Porn? It's Not

E-Books Push Bookselling Envelope

Book Confab Techno-Crazed

Offspring Pirates Napster Gear

This Week in Digital Music

MP3, Myplay Wooing Users

Latinos Prefer Mainstream Portals

Latinas Are Lucrative Net Niche

Should Techies Tackle Cyberlaw?

Art By Another Name: Neen

Survey: Online Therapy Bad Idea

Bezos Talks at Books' Big-Top

Gamers Can Share and Swear

Online Music Gets a Boost

Old Case Similar to MS Trial

Voyeur Dorm Reveals CBS Lawsuit


See also eBooks Are Chic
Mind your own Business news

Philadelphia-based Xlibris, which currently offers services for authors to publish e-books, hardcovers, and trade paperbacks, also announced plans for an author-centric website. The site will provide writers with member home pages, chat rooms, forums, message boards, and writers' workshops. It will also help writers find freelance editors and extensive design services.

Xlibris also said it will offer its services for free and with no restrictions on exclusivity of rights.

"Because of this investment, we will now be able to take care of authors at a level that no one ever dreamed of before," said John Feldcamp, CEO of Xlibris.com.

Random House officials said they will not be mining the offerings at Xlibris for undiscovered writers. And Xlibris will continue to work with other publishers.

"We are currently in talks with several major traditional publishing houses. When we have a special book we are going to get it to the right people. That’s something we owe our authors," said Feldcamp.

Book industry estimates claim that half a million books will reach the market in 2001. Online marketers, authors, and publishing companies are now looking for new ways to introduce those books to the reading public.

The Internet book explosion is fueling some of the growth. There are now books available in every format, written by every kind of writer, covering every topic.

Random House's stake in Xlibris is yet another step in the book industry's search for a solution to returns and warehousing costs. There has never been a way to successfully estimate how many copies of a title will sell, so publishers are forced to estimate the demand. If sales fall short, store owners return the unsold titles, which the publishing house then remainders at a loss.

1 of 2  Next  >>


Have a comment on this article? Send it.
Printing? Use this version.
Email this to a friend.



Feedback  |  Help  |  About Us  |  Jobs
Editorial Policy  |  Advertise  |  Privacy Statement  |  Terms and Conditions

Copyright © 2000 Wired Digital Inc., a Lycos Network site. All rights reserved.