I suspect many other authors and publishers received a message from Amazon in their email this morning. The missive relates to Amazon’s ongoing battle with Hachette, considered one of the “big” book publishers.
Since finding themselves in a deadlock–which seems to stem from Amazon wanting to increase its cut from sales of Hachette books–the two companies have been very public in posting comments to each other. It has gotten quite messy, and since there isn’t enough transparency for us bystanders to make fully educated judgements it’s hard to say what is really going on. Or, what the outcome will be. The general consensus is, however, that the results of this struggle could shape the future of the publishing industry.
Further compounding issues is the fact that Amazon is reporting enormous losses. Their profitability plummeted despite increasing sales by 25% in the last year. This is a familiar…
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