They’re Going to Kill Us
Interesting post over at PandoDaily, with a purported publishing industry insider commenting on Amazon’s game plan. The context is the usual (I’ve done it too) list of what ails book publishing, but with the author suggesting that Amazon will emerge as the sole survivor. Don’t know about the source, but the smell of death is in the air:
We can’t pay $1 million for books anymore. Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business. I think that’s what they’re trying to do–throw money around in an industry that doesn’t have any, until Amazon becomes not only the only place where you buy books, but the only place that publishes books, too.