Anna, Alan, thanks. I've written some more about the convention on my blog, if you want to take a look:
http://www.td-edge.com/blog/ (apologies if the print is a little bunched and the formatting not consistent: I'll be putting it right soon!).
I attended another panel discussion yesterday: 'Print vs Digital' but didn't take too many notes. Again, it was five editors (three of them different to the other panel). One started by giving out some figures for 2011 (for the UK only, I think):
- 366% increase on digital book sales (on 2010);
- digital books have 6% of the market (not sure I got this figure right);
- 20% of publishers' revenue now digital;
- 70% of digital sales is via Amazon; 10% via Apple; 20% the rest.
There was a general consensus that this could become the golden age for smaller, independent publishers. This is because the big publishers will increasingly focus on the top end of the market, i.e. the mid-list will move to smaller publishers. One likened it to breweries, where many people are happy with the products produced by the big brewers, but there is also a thriving market of micro-brewers because enough people are prepared to pay more for a quality product made the way they like it.
There was a discussion about piracy and DRM (digital rights management). Most agreed that piracy is theft although one raised Cory Doctorow's (and others'
argument that piracy is good because it gets your book wider coverage than it would normally have, leading eventually to more sales. DRM was generally seen as a not very good answer to piracy, but perhaps better than nothing. The problems are a) lots of people can hack DRM anyway, b) it's not right that someone pays for a book but can't read it on more than one device. Darren Turpin (of Angry Robot books) said his company doesn't use DRM for this reason.
Perhaps not surprisingly, the panel didn't really know what kind of future print books have although (also not surprisingly) they all believed there is one, e.g. as one of them said, you can't give an e-book as a Christmas present [although I know someone who is working on being able to do just that!].
One editor thought there would always be a market for high-quality (in terms of how they're physically made) books but Darren Turpin was sceptical because he firmly believes sales/trends are driven by what customers want, i.e. if you print a load of quality books and they're not bought, you'll end up having to lower the price anyway.
Terry