Both Amazon and Apple have made recent announcements that have resonated across the literary and music industries (even though Apple has already made a royalties policy U-turn after a controversial open letter from Taylor Swift).
We live in a society where technology allows consumers to access creative content easier and faster than ever, so I wanted to better understand how some of these decisions (like Amazon’s new pay-per-page policy) affect the industry at its core. Below, you can read an interview with Mary C. Moore, author and literary agent.
Amazon recently announced a new payment policy for self-publishing authors where they’ll basically get paid for each page of their book that people actually read. Amazon claims that they received great feedback from authors, so how do you think this will affect the industry?
Well, this is speculation and opinions on this strategy vary wildly across the board. As the way it stands now, the largest impact is going to be on the self-publishing authors who publish exclusively through Amazon. Beyond that, the effects will probably be felt on writing trends. A pay-per-page system skews in favor of high-paced, tension-filled, cliff-hanging writing that makes the reader continue to turn the page rather than some of the more subtle and nuanced books that perhaps favor lovely writing, or a surreal storyline, or something more abstract.
This year’s CES was filled with tons of interesting technologies such as bendable super-high-resolution TVs, new computers that have multiple OSs, wearables, and other cool stuff. What really caught my attention was the hype around smart sensors: every year there is a lot of hype about certain technologies that do not stick (remember 3D?), but I think this one is going to, although not how we think it will.
There is a lot of chatter around wearables, but I think it is a limiting term if we think about the core technology: the smart sensor. A wearable is just a series of sensors that can process data in the environment and communicate with the user and a network fitted to be on a human. The Fitbit is a great example of this, it hangs in your wrist and senses step movements and altitude changes, which it then processes and gives the user clear actionable data through the LED screen and through their apps (web and mobile). Another example of a wearable is the Mimo baby monitor which is embedded in a pajama and keeps track of your baby’s vitals and lets you know if anything goes wrong through your mobile device.
Another buzz word going on around right now is the Internet of Things. Whenever there is a new buzz word, everybody tries to define it. For me, it’s comprised of two categories: the first is the miniaturization of a PC/Mobile Device (think of an ATM or Auto dashboard) and the second is the application of smart sensors. This second one has a huge potential and wearables are part of this category even though the industry thinks they are not.