What price do you put on culture?
That's the question Canadian writers and publishing professionals have been asking in the wake of comments by Brad Martin, the head of Penguin Random House Canada.
"I'm not interested in a book that is going to generate less than $100,000 in revenue unless the editor or publisher has a compelling vision for the book and/or the author," Martin told The Globe and Mail's Mark Medley in a recent column about the merger of Penguin and Random House - a seismic shift in the publishing landscape.
There seems to be some controversy in Canada over a recent statement by Brad Martin, head of Penguin Random House Canada, in a column discussing the PRH merger. Martin said, “I’m not interested in a book that is going to generate less than $100,000 in revenue unless the editor or publisher has a compelling vision […]
Here in the US the DOJ may have completed its investigation into the price-fixing activities of Apple and 5 major trade publishers and gone after the parties involved, but Canada is a different matter.
My contact with the Canadian Competition Bureau informed me today that its investigation into whether publishers and retailers may have conspired to raise ebook prices in Canada is ongoing and has not yet been resolved.
Rather, the investigation has expanded to include Kobo, Penguin, and Apple.