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Originally Posted by DuckieTigger
So you agree that the mere existence of the business model that Hachette uses is in danger. Maybe instead of fighting for survival of their old model they need to change how they do business?
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Based on some of their statements, what Amazon would prefer is that Hachette change from the advance-centered model to something closer to Kindle Direct Publishing's royalty-centered model.
But my experience as a seventy-percent-or-so-nonfiction reader is that advance-model books are, on average, much better.
Perhaps this is not true for every fiction genre, but advance-model books do seem to still be outselling royalty-model books. And advance model books generally do this despite having much higher prices during the first couple years after release.
As far as I can see, Hachette is, on balance, and compared to self-publishing, an artistic success. To judge by the first third of what I am reading now*, so is Simon & Schuster. The big publishers also seem to enjoy modest financial success.
In stark contrast to newspapers and magazines, the prominent publishers some here dislike are managing the digital transition well. If they don't let Amazon roll over them, this should continue.
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http://books.simonandschuster.com/In.../9781476708713. The reason I often mention good major publisher books in these posts is that the most important factor, when it comes to whether I will root for the big publishers, or for Amazon Publishing, is: Whose books do I like better?