Monday, October 17, 2011

Amazon signs up authors, writing publishers out of deal

Amazon.com has taught readers that they do not need bookstores. Now it is encouraging writers to cast aside their publishers.
Amazon will publish 122 books this fall in an array of genres, in both physical and e-book form. It is a striking acceleration of the retailer’s fledging publishing program that will place Amazon squarely in competition with the New York houses that are also its most prominent suppliers.
It has set up a flagship line run by a publishing veteran, Laurence Kirshbaum, to bring out brand-name fiction and nonfiction. It signed its first deal with the self-help author Tim Ferriss. Last week it announced a memoir by the actress and director Penny Marshall, for which it paid $800,000, a person with direct knowledge of the deal said.

Click on the title to read the rest of the New York Times story.

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