Michael Parekh points to the Forbes article about how Amazon could change the Publishing business by vertically integrating and striking direct deals with authors bypassing publishers. The article notes that retailers take almost 50% of the price of a book with the remainder split between the agent, the publisher and the author, and that the author may only see $1 - $1.50 on a book that retails for $24.95. The hypoth[...]
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[Source: The Money Blogs]
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