Wednesday, February 29, 2012

How it happened ...

... Publishing’s Ecosystem on the Brink: The Backstory | The Authors Guild Blog. (Hat tip, Dave Lull.)

Even with a large budget, directly affecting the success of Amazon’s overall business is a tall order for a new publishing imprint. Amazon pulled in well north of $40 billion in revenue last year (final numbers aren’t yet in), dwarfing the combined revenues of the Big Six publishers.

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