Global Trade Talk: Deep Symbol Discounts; Scribd-to-Bestseller Novel

In Global Trade Talk, News by Hannah Johnson

By Hannah Johnson

The Bookseller alerted us that The Book Depository dropped its price on The Lost Symbol to £4.99, a reduction of nearly 75% off the retail price of £18.99. This was temporarily the lowest price in the UK. Hours later, Amazon UK dropped its price match. Both booksellers have managed to beat the price set by grocery stores Sainsbury’s, Morrisons and Tesco, selling the book between £7 and £9, and Asda at £5.

A novel that originally appeared on Scribd.com has now landed on the San Francisco Chronicle bestseller list, reports PW. The Sower by Kemble Scott was originally posted on Scribd before getting picked up by San Francisco indie publisher Numina Press and distributed exclusively to independent Bay Area booksellers. Scott remarked that the book was created outside the traditional publishing process and concluded, “I think that digital books and printed books do compliment each other.”

About the Author

Hannah Johnson

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Hannah Johnson is the publisher of international book industry magazine Publishing Perspectives, which provides daily information and news about book markets around the world. In addition to building partnerships with international cultural and trade organizations, she works with the Frankfurt Book Fair to organize and support a number of its overseas initiatives. Hannah has also worked as the managing editor for an online media company, The Hooch Life, focused on craft distillers and cocktail experts. Prior to that, she worked as a project manager for the Frankfurt Book Fair’s New York office, managing various business and marketing activities.