Reactions to story from *michael parekh on IT*

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  • Author unknown

    links for 2008-05-19

    http://www.humblemoney.com/?p=516
    60 days ago in Humble Money · Authority: 16

    links for 2008-05-19 May 19th, 2008 *michael parekh on IT*: ON A BETTER DEAL FOR AUTHORS Interesting idea. The net should see many middle men getting squeezed, appears to be taking far too long however in regards to selling real estate. THE FINANCIAL PHILOSOPHER: Reflections on Wisdom: The End of the Beginning Always a must read for me. Posted by Andrew Filed in Links No Comments ยป

  • Author unknown

    Can Amazon Change The Publishing Business?

    http://www.ragsgupta.com/weblog/2008/05/can-amazon-chan.html
    60 days ago in The World According To Rags · Authority: 14

    Michael Parekh points to the Forbes article about how Amazon could change the Publishing business by vertically integrating and striking direct deals with authors bypassing publishers. The article notes that retailers take almost 50% of the price of a book with the remainder split between the agent, the publisher and the author, and that the author may only see $1 - $1.50 on a book that retails for $24.95. The hypothesis is that Amazon, with its customer and recommendations database and print-on-demand technology, would present an efficient sales and marketing distribution channel and doing a direct deal with an author could mean more of a 70/30 split between Amazon and the author. I'm skeptical. I'm always in favor of making things more efficient via dis-intermediation. Online travel comes to mind. However, the middlemen in question add value -- publishers find authors, develop and edit their work and then market and promote the books whilst agents manage and promote an author to the book community -- and, as long as that happens, they will remain a part of the value chain.