
Originally Posted by
AdamJury
As a publisher, the power that Amazon currently wields and may wield in the future is actually rather scary. As a consumer I'm unhappy to see higher ebook prices, but Amazon being so dominant in the book and ebook market may well cause more damage to the publishing industry: as Amazon drives book prices to the point where readers begin to think that printed books "should" be priced at only 60-70% of cover price, eventually other retailers will have to follow, which will create a situation where retailers and distributors pay publishers even less per title (and right now, it's typically less than 40% of cover price). As publisher's profits per-title shrink, so does their ability to market new authors, perform quality control, etc.
Publishing is both thrilling and terrifying right now.
As far as I'm concerned the Publishing industry can go to hell. Most are no better than the Music Industry's RIAA. Ripping off the artist and pocketing the savings they make as pure profit for themselves.
If they don't change their ways they just might do themselves out of business as Writers decide to self publish. As for new writers, I have found quite a few from Amazon's self publishing setup.
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