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We can’t pay $1 million for books anymore. Amazon coul... to lose $20 million/year in their publishing arm just to... publishers out of business. I think that’s what they‮.. do–throw money around in an industry that doesn’t ha... Amazon beco

Confessions of a Publisher: “We’re in Amazon’s Sights and They’re Going to Kill Us” | PandoDaily
http://pandodaily.com/...her-were-in-amazons-sights-and-theyre-going-to-kill-us/

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We can’t pay $1 million for books anymore. Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business. I think that’s what they’re trying to do–throw money around in an industry that doesn’t have any, until Amazon becomes not only the only place where you buy books, but the only place that publishes books, too.

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We can’t pay $1 million for books anymore. Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business. I think that’s what they’re trying to do–throw money around in an industry that doesn’t have any, until Amazon becomes not only the only place where you buy books, but the only place that publishes books, too.

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