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Financial Impact Of BookTok

News Summary: Can You Measure the Financial Impact of BookTok? (Apparently So)

We hear a lot about BookTok's positive influence on the creative world, especially among nascent young readers (alongside what we hear about its deleterious influence on the world's youth). In a scenario as old as Socrates, we have booksellers crediting BookTok with rescuing an industry as legislative crackdowns and curfews the world over would have us believe TikTok is an existential threat to the world's young (and some whisper from op-ed columns whether those two statements might refer to the same thing).
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Anthropic Settlement

News Summary: Judge Issues Final Approval for $1.5 Billion Anthropic Settlement; Copyright Office Proposes Fee Increase

For those of you waiting to receive some kind of compensation in the Anthropic lawsuit (and indeed those who are waiting on other potential lawsuits and wondering if anything other than hot air is ever likely to come of them), the wait is one step closer to being over. A judge has issued the final approval for the $1.5 billion settlement in the class action case of Bartz v. Anthropic. This will see each of the 91.3 percent of titles in the eligible class whose owners came forward receive payment.
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Perplexity Launches An Ebook Store

News Podcast: Perplexity Launches an Ebook Store; Library of Congress Acquires Indie Books; Spotify Passes 100 Million Audiobook Listeners

On this episode of Self-Publishing with ALLi, Dan Holloway covers three stories pointing in the same direction: books are everywhere. He reports on AI search engine Perplexity launching an ebook store, adding yet another major platform to the growing list selling books directly to readers. He examines the Library of Congress's initiative to acquire indie and self-published titles — and explains why copyright registration and deposit matter more than ever in the age of AI lawsuits. And he closes with Spotify's announcement that it has passed 100 million audiobook listeners, now dwarfing Audible in audience size.
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What Librarians Look For

News Summary: ALA Meeting Reveals What Librarians Look for When Ordering Indie Titles

Earlier this month saw the annual meeting of the American Library Association (ALA). Long-time indie supporter Guy LeCharles Gonzalez was there and reported back some invaluable insights. It follows a number of items featuring libraries and the issue of pricing, specifically the way librarians believe e-books should be priced for library usage. This time, the main point of interest is on discovery, and two related questions: what are librarians looking for from indie titles? And how can indie authors make their titles easier for librarians looking for those things to find (and, crucially, to go ahead and order once they have been found)?
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Amazon Raises KDP

News Summary: Amazon Raises KDP 70% Royalty Cap to $12.99; Bookshop.org Launches Audiobooks in UK

Breaking news: as of July 7, Amazon has extended the upper limit of the 70 percent KDP royalty bracket to $12.99 from $9.99. That allows some books to have a higher ticket price reflecting an author's desire to price within the market, without having to take a hit down to the 35 percent royalty rate. For those in that $10–$12.99 range currently, you may be eligible to switch to 70 percent per the FAQs, but will not automatically be switched.
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AI-Generated Books Now Match Human Output

News Summary: Economist Graph Shows AI-Generated Books Now Match Human Output at 150,000 Titles Monthly

Wherever books are discussed, the past few weeks have seen heated discussion of a graph that appeared in the Economist. It puts flesh on the bones of that "million more books" claim that did the rounds a little earlier. What it shows is the correlation between the steepening of the "books published" figures and the release of ChatGPT 3.5 in November 2022. In classic hockey-stick style, it shows AI-generated books sharply increasing to the point where they are equaling the number of non-AI-generated titles at around 150,000 a month.
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EU Tariff On Small Packages Hits Book Industry

News Summary: EU Tariff on Small Packages Hits Book Industry; Commonwealth Prize Winner Stands despite AI Controversy

Tariffs have been in the news a lot in the past few years, and this week saw them return, to the anger of the book industry. From July 1, the European Union is introducing a 3 euro tariff on all small packages sent into the union. Small items worth under 150 euros had previously been exempted from tariffs under the "de minimis" principle (which I guess basically equates to "too small to worry about").
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Librarians Propose Fairer E-book Pricing Model

News Summary: Librarians Propose Fairer E-book Pricing Model; Commonwealth Prize Verifies Winners without AI Detectors

Following on from recent discussion in this column about what it costs libraries to buy the license for e-books, thanks to Jane Friedman for linking to this fascinating article which outlines exactly what libraries would like to see in this regard. What it attempts to describe is what librarians actually mean when they call for fairer pricing from big publishers.
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