“Amazon’s business makes publishers nervous because it’s finally allowing the online retailer to cut publishers out of the loop entirely. Amazon is making more of its own books, and it’s got the authors to sell them.”
Amazon is adding more writers and renowned authors to its own company’s publishing imprints to produce new books directly for the reading consumer and bypass other established ‘publishers’ entirely.
Gaining control of the online digital book retail business just seemed to whet Amazon’s appetite to gobble up more control in the bigger publishing business (in disruption due to the new tech transition) … including print, which is doing just fine right now, thank you very much.
Amazon Publishing Continues to Boom With New Exclusives
Traditional publishers being pushed out of the picture
Amazon (NASDAQ:AMZN) frightens book publishers. Not because electronic books are going to replace print by September. Far from it. Print is thriving, and while e-book sales have grown 1,300% in the past three years, they still represent only a fraction of overall revenue in the publishing industry. Amazon’s business makes publishers nervous because it’s finally allowing the online retailer to cut publishers out of the loop entirely. Amazon is making more of its own books, and it’s got the authors to sell them.
A Tuesday report in The New York Times said Amazon has made its latest promising acquisition in an ever-growing stable of authors producing original books for the company. Timothy Ferriss, the self-help author behind the bestseller The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, will release his new book The 4-Hour Chef exclusively through Amazon Publishing imprint.
4-Hour Workweek has spent 84 weeks on the Times‘ Advice bestseller list. That book was published by Crown, an imprint under the Bertelsmann-owned Random House. Ferris never entertained a counteroffer from his previous publisher after talking with Amazon because they would not have been able to match what Amazon was offering as “a technology company embracing new technology.”
This is just the latest major publishing effort from Amazon since editor Laurence Kirshbaum came on as head of Amazon Publishing in May. Imprint Montlake Romance, an all-romance branch of Amazon Publishing, opened for business in May. Connie Brockway’s The Other Guy’s Bride will be the imprint’s first book out this fall. Brockway’s previous books were distributed under the Dell Publishing mass-market imprint, another house under the Random House banner.
Related post: Is Amazon a Danger Lurking in the Publishing Industry?