Interesting times for traditional publishers (the Kindle:hardcover ratio is 143:100 for the last 3 months of Amazon’s reporting, and 180:100 for the last month)
While the Kindle, the Nook, and the Kindle Store are busy hammering away at Publishers we suddenly get an unexpected source of Publisher angst – Superstar Literary Agent Andrew Wylie.
At a time when Publishers are still reeling from Amazon CEO Jeff Bezos’ announcement that Amazon is selling 143 ebooks for every 100 hardcovers Andrew Wylie has decided that his superstar authors ought to stop donating 75% of their ebook revenue to Publishers (courtesy The Bookseller) -
Agent Andrew Wylie has launched an e-book publishing offshoot Odyssey Editions with titles by Salman Rushdie, Martin Amis and John Updike part of the launch list.
The move sees Wylie make good on his threat issued in a Harvard Magazine interview in June to bypass publishers because he is unhappy with publishers terms for digital rights.
Guess which store gets 2 years of exclusive access?
Yup, it’s the Kindle Store