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RE: LeoThread 2024-12-07 11:02

in LeoFinance10 months ago

Part 7/10:

Beyond individual consumer experiences, Amazon's dominance has grave implications for the publishing industry. As a formidable gatekeeper, Amazon significantly influences which authors are successful. By taking substantial cuts from digital sales, especially in self-publishing, Amazon compresses what authors can earn. Their exclusive contracts restrict authors from selling their works elsewhere, thereby reinforcing Amazon's monopolistic hold on the ebook market.

As a result, both consumers and authors feel the effects. Consumers face rising prices and restricted choice, while authors receive less compensation for their work, creating a daunting landscape for literature.

Navigating Alternatives: A Path Forward

Given this complex paradigm, what options exist for the savvy reader?