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Literary Agency Foundry Open To eBook Deals

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EBookNewser paid a visit to literary agency Foundry to catch up on eBooks and see what agents are thinking about digital books.

Peter McGuigan, co-founder of the agency, was unimpressed with Amazon’s new interactive book components that came out this week. Equating the hype of interactive books to the CD ROM craze of the 1990s, McGuigan said that once a book starts having animation and moving pictures, it becomes less of a book and more like TV or film.

“We’ve lost some great book writers to screenwriting in Hollywood,” quipped McGuigan. “Interactive books could be very cool, but they stop being books when the start having video and other interactive features.”

While McGuigan was underwhelmed with the flashy new interactive eBook concepts being pitched to him and his agency by publishers, he is not opposed to plain old “vanilla” text based eBooks. Unlike Andrew Wylie who recently revealed that eBook deals are “currently on hold across the board” at his famous agency, McGuigan sees eBooks as a great opportunity for the right title. “Not everyone is going to buy an eReader, but having an eBook version is just another way to sell a title to someone that has one,” he said.

McGuigan continued, “Some people won’t pay $27.95 for a hardcover, but they might pay $8 for a paperback. You sell a lot more paperbacks than hardcovers, so for a bestseller it is good to have both. You expand your audience. Even though you make less per unit, you are selling a lot more copies. eBooks are just another way to sell a book.”

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