When authors can publish directly on Amazon, what use is there then for publishers? That's the question being asked today as some big-name authors, realizing their original contracts didn't cover electronic versions of their works, published their books directly on Amazon. The authors, or their estates, representing the best of 20th century literature, are earning 70 percent royalties from Amazon, compared to the 25 percent maximum publishers are willing to grant. It's not hard to imagine authors selling directly through bookstores in the future, opting to 'publish' on Amazon or Barnes and Noble. And the publishers are probably now wishing they hadn't stalled so much on electronic editions. Via Techdirt.
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