to provide browser-based ebooks to elementary school libraries. In 2016, Open Road partnered with OverDrive, Inc. Media veteran Paul Slavin joined the company as president in 2015 and was named CEO in 2016. Īfter acquiring the content of independent publishers E-Reads and Premier Digital in 2014, and signing deals with other publishers and authors, the Open Road Media catalog expanded to 10,000 titles by 2015. In March of 2014, the New York district court judge ruled in favor of HarperCollins, stating that the contract language included digital rights. The suit disputed whether book contracts written before the existence of ebooks granted publishers digital rights or whether they were retained by the author. In 2011, HarperCollins filed a copyright infringement suit against Open Road over the ebook edition of children's novel Julie of the Wolves by Jean Craighead George. Delany, Alice Walker, John Ashbery, Robin McKinley, Michael Chabon, Sherman Alexie, Pearl S. The Open Road Media catalog includes authors such as William Styron, Pat Conroy, Joan Didion, Samuel R. History įormer HarperCollins CEO Jane Friedman and film producer Jeffrey Sharp launched Open Road Integrated Media with the goal of bringing backlist books back to life in digital formats and partnering with writers of contemporary and classic works. Publishing veteran David Steinberger and an investment group including Abry Partners, MEP Capital, and Grove Atlantic acquired the company in 2021, and Steinberger was named CEO in 2022. In addition to its ebook publishing business, Open Road Integrated Media is the parent company of book publisher Open Road Media and content brands Early Bird Books, The Lineup, The Archive, Murder & Mayhem, A Love So True, and The Portalist. Open Road Integrated Media or ORIM (stylized as OR/M and also called Open Road ) is a digital media company in New York City that was created by Jane Friedman and Jeffrey Sharp in 2009 with a focus on publishing ebook editions of older works of literature and nonfiction. Re-Discovery Lit, Open Road Media, Open Road Media Young Readers, Bloodhound Books These long-term deals provide extraordinary growth for our partners and allow us to enhance a small piece of the $26 billion dollar publishing industry.Not to be confused with Open Road Films. Using state of the art, proprietary tech and data analytics the OR/M team performs critical services for 70+ clients, creating discoverability of their products with highly scalable solutions. Open Road Integrated Media OR/M is a powerful, tech/data driven, Marketing-as-a-Service (MaaS) business. Q4 2020 revenue increased year-over-year by 48.0%.2020 revenue increased year-over-year by 33.9%.“The more titles and consumers we have, the more data we can ingest-creating a powerful network effect.” “We continue to aggressively add more titles, more publishers, and more consumers to the platform,” said Mary McAveney, OR/M’s Chief Marketing and Revenue Officer. The system is built to handle hundreds of thousands of titles.Through its proprietary tech and data platform OR/M has increased the pool of titles it markets to more than 33,000-providing reader discovery and promotion that the vast majority of previously published titles do not receive.OR/M does not earn a share of print revenue. Print sales have generally shown a 10% to 75% increase in revenue as a direct result of the improved discoverability OR/M delivers. The 36.4% in increased earnings by the publisher is net of OR/M’s share and a significant increase for titles that had consistently been experiencing 20%-50% decline in revenue.Clients pay none of the marketing costs-OR/M pays for all advertising and promotion.OR/M earns a share of the “uplift” revenue that exceeds the title’s previous year’s sales. OR/M’s MaaS option, which is open to all publishing clients, provides a “white glove” service where OR/M handles all marketing for the client titles.“In a year where big 5 publishers are reporting single-digit revenue increases, we are delighted to be able to help some of the smaller publishers who have limited resources to devote to backlist marketing to gain some market share and extract more value from the titles they control,” said Paul Slavin, CEO of OR/M. On average those clients received 36.4% more revenue last year than they had earned on the titles before they were placed in the program. The 70 clients participating in OR/M’s Ignition MaaS range from small to mid-sized to top six publishers. NEW YORK, Ap/PRNewswire/ - Open Road Integrated Media (OR/M) today announced financial results for 2020.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |