Apr 15, 2013 12:00
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Yes, Tim Waterstone is planning something innovative involving short fiction ... the term for this business model is "a short story magazine", and it's only a couple of centuries old, but everything old is new again if you just prefix it with the letter "e-", right?
Before deciding ahead of time that Sir Tim is going to make it work, it's worth taking a salutary look at the surviving SF magazines. SF is the only literary field where the short story really survived as a commercial form much past the late 1950s, and even so, they're living hand-to-mouth. The "digital revolution" hasn't exactly resurrected the sales of Analog and Asimov's SF magazine; it has just about kept them on life support. And that's a field where short fiction is popular.
Baen have been selling monthly bundles of e-books for a decade. DRM-free, no less, in all the file formats the readers ask for. It's a good tactic, but it hasn't set the publishing world on fire.
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I have been curious as to whether a subscription model would work for books. It seems to be working for music (insofar as I'm currently spending £120/year on music that I could download for free if I felt like it).
Whether people would be willing to do the same for books, and what the value would need to be to make it sustainable, I don't know. (I'd do it, and then feel much happier trying out the first chapter of a bunch of books to see whether I'd want to read the rest.)
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That's where I'd expect to see a subscription model for books show up first.
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http://dailysciencefiction.com/
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