“Long-term there’s no future in printed books”

An interesting post on the appallingly named tech site Pandodaily: Confessions of a publisher, written by an unnamed “industry insider”.

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.

4 thoughts on ““Long-term there’s no future in printed books”

  1. Hunnymonster says:

    In other news – the boss (if you’re a chap in a relationship you’ll know the score) kept telling me alternately how wrong eBook readers are and that she wanted one. I got her one. She’s still sat there saying how wrong it is… but has read more in the last 3 weeks than the 10 years before…

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