News and Notices from the Writing Trenches #4…
Friday, October 21st, 2011#21: There was an interesting frontpage article in Monday’s N.Y. Times about Amazon going into the legacy publishing business. Well, not really. What I gleaned from the article is that Amazon has a secret board of editors who cherry pick from all the self-published books, both trade paperbacks and eBooks, and offer some contracts. The conditions of the contracts are also secret. No agents are involved, but authors can get advances. The slushpile here is all self-published material found on Amazon. (See also #28.)
This is yet another nail in the coffin of the legacy paradigm and the legacy publishers are running scared. They probably shouldn’t worry just yet, but it doesn’t help when they punish an author who has gone the legacy route for one book self-publishes another (the case is also mentioned in the same article). The legacy publishers’ control of bookstores has already suffered—every bookstore that closes provides additional nails for their coffins. Exciting times. We authors are wondering how it will all shake out. Readers can only expect to gain by the changing paradigm (more books to choose from). The bottom line is that only authors and readers are needed in tomorrow’s publishing world.