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They Own the System: Amazon Rewrites Book Industry by Marching into Publishing

77 点作者 marvindanig超过 6 年前

8 条评论

chrismeller超过 6 年前
So their example is a book that got rejected by mainstream NYC publishers and was bought by Amazon for “low five figures”, which is actually damned good if you’re not a name brand (and if you are you’d rather the royalties anyway).<p>They’ve also offered self publishing that, while obviously not offering anything near that in advances or royalties, is an out for everyone else with potentially unlimited upward mobility.<p>So yes, they have the retail market. If they choose to publish and market the hell out of an unknown title it absolutely could be an overwhelming success. Is that really different than any other publishing house, though?<p>You could argue that their barrier to entry is a bit lower because they own two arms of the chain and can more quickly cut their losses if it doesn’t work out, but really wouldn’t it have been the same if Penguin, Simon, or Harper had picked it up? They’d have marketed the hell out of it just like Amazon.<p>I guess my point is that, just like any industry, there are times where a potential winner isn’t picked up by a major league team and then wins big for an underdog. I just don’t see how Amazon being the “underdog” is relevant here other than being Amazon.
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jawns超过 6 年前
Nonfiction author here.<p>Some potential advantages Amazon may have over other traditional publishers:<p>Massive amount of data and high-powered data science. Can help inform decisions about what to buy, how much of an advance to pay, etc.<p>Large coffers. Can take more risks in what to buy and make competitive bids.<p>Priority of placement. Amazon the retailer gets a cut of every sale. Amazon the publisher gets another. Clearly, it makes sense to prioritize Amazon&#x27;s own titles against similar titles from other publishers, unless sales of the non-Amazon title are expected to be substantially higher.<p>A couple of disadvantages:<p>Agents are wary. They know that cooperating with Amazon is going to threaten the health of every other publisher.<p>At least in the short term, authors are going to perceive having Amazon as a publisher as having less cachet. It&#x27;s largely known for its self-publishing arm, and authors aren&#x27;t going to want their books to be misperceived as having been self-published, where quality is pretty abysmal.<p>Don&#x27;t expect your book to end up in brick-and-mortar bookstores.
drwl超过 6 年前
Why is this a link to another Reddit&#x2F;HN looking site than the article itself?
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ddebernardy超过 6 年前
Perhaps this is because I&#x27;ve only ever heard about Amazon&#x27;s march into publishing through interviews of authors and competitors, but the narrative I&#x27;ve picked up seems to revolve around Amazon actually being a terrible publisher. By which I mean you basically never know what you&#x27;re buying if you&#x27;re a reader, and they aren&#x27;t spending a dime to edit or promote you if you&#x27;re an author. (Not that publishers do those two things much either of late, but that&#x27;s a different story.)<p>I suppose that&#x27;s fine when you&#x27;ve a track record as an author. It probably isn&#x27;t if you&#x27;re a new author.<p>Any odds there are some authors around who can chime in?
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angstrom超过 6 年前
Good, now maybe they can fix the textbook industry which is woefully inept.
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legatus超过 6 年前
The real link would be this one: <a href="https:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;they-own-the-system-amazon-rewrites-book-industry-by-turning-into-a-publisher-11547655267" rel="nofollow">https:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;they-own-the-system-amazon-rewr...</a><p>Here is the outline&#x27;d version: <a href="https:&#x2F;&#x2F;outline.com&#x2F;Km9vL4" rel="nofollow">https:&#x2F;&#x2F;outline.com&#x2F;Km9vL4</a>
lordnacho超过 6 年前
Was thinking there would be more about using their data.<p>They could make some predictions of the form {author, subject, language, etc} -&gt; likely sales.<p>From there they could make a sensible guess as to the advance to offer the author.<p>And of course authors could throw their proposals in the machine and get an offer.<p>I suppose something like this must already exist?
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airocker超过 6 年前
They always supported self publishing with CreateSpace. Not sure what changed? Did they start doing Marketing&#x2F;sales for the books? Article is not readable without login it seems.