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Originally Posted by sirmaru
The best outcome: all authors publish only on Amazon and end up with a bigger take than from their old publishers. Then they do better and the consumers get lower price books.
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If this were to ever happen (it won't) the authors cut wouldn't be what it is now, you can bet Amazon would take more.
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The old publishers are an ancient custom. No one really needs them or the old buggy and horse shoe manufacturers.
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They definitely have their issues, but so does self-publishing. There is room for both in the market.