Amazon moves aggressively into world of book publishing
Amazon is moving to cut out the middle men in the book publishing world, agents and editors, in favor of working with authors directly. (Photo by Flickr user John Manoogian III, cc-by-sa)
Story from PRI’s Studio 360. Listen to audio above for full report.
Amazon had its second Campfire conference week.
They brought together a group of writers for an under-the-radar gathering in Santa Fe, N.M., what is likely just another step in Amazon’s road to becoming a full-fledged publisher in its own right.
In recent months Amazon has been hiring highly respected editors, and the company is putting out 122 titles this fall.
Amazon is already the world’s largest retailer of books. As a publisher, it will be selling its own products alongside products by the “big six” publishers — who are not only partners, but now rivals as well. The Big Six include Hachette Book Group, Harper Collins, Macmillan, Penguin Group, Random House and Simon & Schuster.
Jason Boog, editor of the book industry blog GalleyCat, said Amazon is poised to become the next big powerhouse in publishing, but it comes at a sensitive time.
“We’re watching the publishing industry contract, because digital books don’t bring in the same margins of profit that you would see with a hardcover,” Boog said. “As Amazon taps into these millions of people that want to self-publish, they’re going to have a tremendous distribution channel.”
Boog, who is writing a book about how the publishing industry weathered the Great Depression, thinks despite the new competition, publishers will survive.
“The ultimate effect of having Amazon in there is we’re going to see a smarter publishing industry,” he said. “We’re not going to just print 100,000 copies of a book and see what happens.”
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