Getting Down to Business

By Densie Webb  |  May 4, 2024  | 

Densie Webb's column on the Business of Fiction

There are some seismic shifts in this month’s roundup. A potentially disturbing development—Meta discussed buying Simon & Schuster to train AI. Yep, you read that right. Meta would then own books published by S&S. AI is nosing in on screenwriters as well, and they’re fighting back. TikTok is considering AI generated ad avatars. Amazon uses secret intel gathering on its competitors. Spotify as a source for audiobooks is exploding. FTC proposal says ‘no way’ to contract non-compete clauses, which harm authors. In a surprising change, Ingram notified small publishers that the company would no longer service their book distribution needs, leaving many scrambling. The case of Penguin vs DOJ offers insight into the harsh reality of book promotion and sales.

 

AI

If a computer can write like a person, what does it say about creativity?

Will copyright law inhibit or enable AI?

What would it mean if Meta were to buy a major publisher to train their AI?

Not everyone is so pessimistic about AI

Screenwriters are concerned about AI

TikTok Considers AI Ad Avatars

Amazon

Amazon again in hot water with the FTC

Amazon’s secret operation to gather intel on rivals

Audiobooks

A quarter of Spotify premium users are listening to audiobooks

New CEO at Scribd audiobook business

Book Bans

Censorship is a hammer looking for a nail

Maryland passes legislation to curtail book bans

Book Sales

Association of American Publishers reports sales up by 0.4%

Eye-opening take aways from THE trial when Penguin Random House attempted to buy Simon & Schuster

Bookstores

The next generation of booksellers changing the bookselling world

Ebook vs Paper

Which is better for the environment?

Publishing Updates

Janet Reid is a familiar name to pretty much everyone in the writing world. She had a huge impact on writers, readers, and publishers

EU excludes book industry from late payment regulations

Politics trigger PEN America cancellation of World Voices Festival

FTC proposes banning broad non-compete clauses, which hurt authors

Ingram suddenly stops distribution for small presses

Entangled Press gets a huge boost from fantasy series

Don’t diss fan fiction

France allows book ads on television

Does the idea of Meta buying a major publisher to train AI with your books make your skin crawl? Does it feel inevitable? How could authors fight back? Should authors fight back?

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3 Comments

  1. Barry Knister on May 5, 2024 at 11:17 am

    Densie: thank you for providing WU readers with an ongoing summary of useful links related to what we do. It’s not glamorous work, just very helpful and valuable. I know I speak for many in expressing my appreciation.



    • Densie Webb on May 5, 2024 at 12:02 pm

      Thank you! Your appreciation is appreciated. :-)



  2. Barbara Morrison on May 14, 2024 at 2:13 pm

    Jeepers! So much going on. Thank you, Densie.