The publishing industry is undergoing significant disruption. Amazon is pushing down book prices and controlling the point of sale. Self-publishers are flooding the market with cheap books, producing some very high quality work that competes with traditionally published books, and proving a new business model that may well lure authors away from traditional deals.
The level of disruption cannot be underestimated, and it’s going to have a significant impact on publishing as we currently know it.
Read more at Forbes.