Quote from FT.com / Media - Hachette chief hits out at e-books

“That cannot last . . . Amazon is not in the business of losing money. So, one day, they are going to come to the publishers and say: ‘we are cutting the price we pay’. If that happens, after paying the authors, there will be nothing left for the publishers.”

FT.com / Media - Hachette chief hits out at e-books

The CEO of Hachette’s book publishing group is worried about the growth of ebooks, Amazon and his own business. 

Reading the quote above I’m trying to understand why there would be any money for the publishers. If Amazon effectively markets and distributes the content, what exactly should publishers be rewarded for? There is no more managing shelf space, logistics, etc.

Personally I’m strongly considering going the ebook route in the next few weeks/months.