"Who is making money from self-publishing? The answer to that is Amazon, Smashwords, Penguin and Lulu. Amazon’s CreateSpace service put out over 58,000 print titles last year. Smashwords accounted for over 40,000 e-book titles." "The publishing industry has survived change in the past. In the late 19th century a fierce publishing war broke out between the U.S. and England due to a loophole in the copyright laws. The rise of mass market paperbacks in the mid-20th century was considered a major threat to hardcover books. Digital publishing has brought a host of new issues still to be resolved. Traditional publishers have lost exclusive control of the book market. While they have been focusing on finding the next mega-hit, Amazon and others have made use of digital technologies to pick up the small business opportunities that publishers overlook or ignore. An old sales adage is that you can sell a million items for a dollar each, or you can sell one item for a million dollars. Self-publishers and the providers that service them seem to be doing quite well with the one-dollar approach. That, in turn, is turning out to be a pretty good deal for book lovers."
Posted on: Thu, 13 Jun 2013 23:11:14 +0000
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