Russ Grandinetti, senior vice president at Amazon & head of Kindle, thinks that the publishing industry is experiencing a major shift.
The Guardian published quote from Grandinetti over the weekend, in which the Amazon exec said: ”The only really necessary people in the publishing process now are the writer and reader. Everyone who stands between those two has both risk and opportunity.”
Last week, more than 900 authors ran a letter to Amazon chief Jeff Bezos as a full page ad in The New York Times yesterday. The letter, which included signatures from bestselling authors Stephen King, Malcolm Gladwell and Suzanne Collins, asked Bezos to end the company’s dispute with Hachette. Amazon responded with an email to readers, calling readers to email the president of Hachette and demand lower eBook prices.
EDITOR’S NOTE: THIS POST HAS BEEN UPDATED SINCE IT WAS ORIGINALLY PUBLISHED.