Cover Story: Amazon: The Elephant in the Room
There’s no way around it: The Seattle-based e-tailer has become the
dominant force of change in book publishing today. Whether that’s good
or bad for the industry is no easy question to answer.
Hyperbole? Perhaps not, when the earth-shaking influence of the e‑commerce giant's recent moves in publishing are taken into account. Amazon's continuing refinement of the Kindle e‑book reader, its offer to authors for royalties of 70 percent of retail, its splashy launch of Amazon Publishing, its forceful pursuit of exclusives for its various publishing channels and its rumored plans for brick-and-mortar bookstores all add up to an impact that suggests Bezos' legacy may be as significant 500 years from now as Gutenberg's is today.
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