If there’s one reason the world should thank Netflix, it would be its content distribution model. Although not entirely unique, the distribution model’s efficacy for movie streaming is so successful to an extent that everyone wants to copy it. Add to this the introduction of a new marketing catchphrase: the Netflix of <insert industry here>.
The book industry wastes no time in jumping on the bandwagon. Tales2Go, which is deemed by online writers as the “Netflix of children’s books,” figured that its goal of supporting the development of young students’ literacy skills at an early age could become more attainable by applying the all-you-can-get subscription model of Netflix.
True indeed, thousands of children’s stories can now be accessed through Tales2Go, encouraging kids to spend their time on the Internet reading—or listening—instead of playing games or watching kid-inappropriate shows.
Like Tales2Go, spoken-word audio content provider Audioboom (AIM:BOOM) is also more than a business undertaking. Teachers and parents are now utilizing its “For Educators” service to either help students with their lessons or teach students outside the constraints of school, especially the less fortunate ones.
And since Audioboom is now an official distributor of Amazon’s very own audiobook vendor and producer Audible, users can now purchase the latest titles on the market. It does not only eliminate the time-consuming need for scouring physical bookstores, but also speed up the company’s advocacy of reinventing the classroom experience.
The introduction of the “Netflix model” has changed the entire book industry for the better. Many writers and journalists (who were once adamant on the inevitable demise of the physical book market) have already shifted gears and changed their daunting initial predictions to a more convivial one. Most of them now think that the current dynamism and competition in the book market, both online and physical, is what sustains its relevance and will fuel its longevity.
The competition is indeed very strict. Now, smallish e-book content provider Oyster is now planning to embrace the Netflix approach to dethrone Amazon. The company believes that it can offer a significant alternative to consumers by offering an unlimited reading subscription service, something that remains nonexistent in Amazon today.
Oyster’s move is rather plucky and interesting, but it should be aware that it is not only taking on a giant and established entity. By simply diving into the online book market, it is also challenging Amazon’s other smaller competitors, as well as public libraries that offer online book lending.
On physical books
On the other hand, while the online book market is rapidly growing, the printed book industry is showing no demise as well. It is, without a doubt, far from being dead.
The publishing world still looks at physical book sales figures in terms of gauging a title’s performance on the market. Almost 60 percent of books today are in paperback, and the other 40 come in the form of audiobooks and e-books.
Moreover, most serious writers still want to have their books published in paper first for them to obtain respect from the publishing world. This leaves straight-to-ebook writers annoyed each time newspapers brush off their claims of being a multi-million writer.
Hence, no industry is going to succumb to oblivion soon. Digital books may become more popular than physical books the way websites became bigger than newspapers and magazines. The only sure thing is that there will be competitions and comparisons—but this won’t result to complete demise of either segment. Maybe it translates to one undeniable fact: the world is still interested in books.
This alone is enough to expect a brighter future for the book market.
German regulators order Porsche to recall 60,000 units due to emission issues
2 questions college students should ask regarding credit cards
Facebook user data policy: What you need to know
Are you an entrepreneur? Top tips on budgeting and funding options for your business
4 profitable online business ideas
Put your money on this Daily Fantasy Sports company ahead of Soccer World Cup 2018 in Russia
Daily Fantasy Sports leader positions to take FIFA World Cup 2018 by storm
Exponential, Inc. founder, Dom Einhorn, thinks charitable fundraising is ripe for disruption
Why courtesy on social media pays off
Santiago: Quirky facts about Chile’s capital
Promoting women’s football in Malta by UEFA projects
Euro NCAP marks its 20th anniversary with two crash tests
European Parliament’s International Trade Committee backs CETA
The American Heart Association has released four new PSAs
PwC presents 20th global CEO survey results in Switzerland
Crypto5 days ago
Cannabis-crypto combo: Melding two disruptive industries
Featured5 days ago
How investors can use ESG metrics as great risk management tools
Featured5 days ago
Should you pay taxes using your credit card?
Base Metals5 days ago
US’ exit from nuclear deal to curtail Iran’s steel expansion goal
Agriculture4 days ago
Orange juice continues rally; Palm oil moves up in weekly charts
Crypto4 days ago
Bitcoin security: Your new investment concern
Corporate Social Responsibility1 day ago
Mohawk Group eyes LEED and WELL Building Standard certificates with new showroom
Commodities22 hours ago
India takes strides to boost oil production amid rising prices