I caught this article in The Bookseller this morning. Stephen Covey has just signed a digital rights deal guaranteeing Amazon exclusivity to his two bestselling titles, The 7 Habits of Highly Effective People and Principle-Centered Leadership, in ebook form.
Covey has moved e-book rights to two of his bestselling books from his print publisher, Simon & Schuster Inc, to digital publisher RosettaBooks, which will sell the e-books via Amazon.com for one year.
According to the New York Times, this gives Amazon exclusive rights to sell electronic editions of The 7 Habits of Highly Effective People and Principle-Centered Leadership. Covey is expected to gradually make other e-books available exclusively to Amazon, which will promote them on its web site.
The NYT said the move would "raise the already high anxiety level among publishers about the economics of digital publishing and could offer authors a way to earn more profits from their works than they do under the traditional system".
It will be interesting to see how this plays out. These two titles are are both readily available as cheap used copies and therefore the exclusivity deal is only mildly interesting, but should Covey extend this agreement to his freshly written works courting mega selling authors could be a game influencing strategy in the e-reader war.
Who will be the Betamax of e-readers? I think the technology is still young and it's still too early in the game to to call (plus I haven't actually seen a Nook yet) but I would love to hear your thoughts.
[Now Reading: Late Nights on Air by Elizabeth Hay]
