The rise of ebooks over the last couple of years has radically changed the approach to publishing. Authors can now bypass the publishers to release their own titles as ebooks with little fuss. The role of publishers is in danger of being redundant unless they start working with new formats and consider new ways to generate income for themselves and their authors.
Stephen Page wrote yesterday in the Guardian that: 'The brief furore surrounding Odyssey Editions, a digital-only imprint launched by the Wylie literary agency in July, showed us just how appealing a new entrant to the field can appear to those eager to dig the grave of "old publishing". In times of rapid evolution, a newcomer can always steal a march; but such times also offer a great opportunity to more established players who can adapt quickly'
http://www.guardian.co.uk/books/booksblog/2010/oct/05/future-of-publishing
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