Amazon’s results are in … and they are impressive! Net income for the quarter doubled with a 41% rise in revenue in a slowing, hiccuping economy.
The Economist echoes what I wrote in Forbes recently: The book business is going to change in favor of authors. “Publishing has only two indispensable participants: authors and readers. As with music, any technology that brings these two groups closer makes the whole industry more efficient—but hurts those who benefit from the distance between them.”
In its first 24 hours, “Harry Potter and the Deathly Hallows,” the seventh and final installment in the wildly popular series by J. K. Rowling that officially went on sale at 12:01 a.m. Saturday, July 21, 2007, sold 8.3 million copies in the United States, according to Scholastic, the publisher. The book’s official cover price