Apple Isn?t The Only Disruptor: How Amazon Is Killing Publishers

While we're on the subject of publishing, Sarah Lacy found a great monologue on the current state of publishing and how, in short, Amazon is tearing old publishing houses a new one. Publishers, like music producers, don't make money piddling around with 50 mid-list books. They make money buying (for millions) and selling (a few) books by human black holes like Snooki and the Kardashians. They make money selling Stephen King novels and Newt Gingrich screeds. They make money, to mix industries, by betting on big budget dramas and reality TV. Sometimes a gem sneaks through, but it's rare.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/5zTBRYVPmOg/

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