This week saw the biggest book publisher in the world, Penguin Random House, sell off its self-publishing division, which had taken the form of a branch called Author Solutions. Penguin Random House purchased Author Solutions in 2012 with the hope of competing in the self-publishing division, but a lack of overall growth in the industry has led them to retreat back into the world of traditional publishing. This comes despite the data that shows that self-publishing was responsible for 18 percent of the market last year. The truth of the matter is simply that Amazon and its self-publishing platform is too dominant for Penguin Random House to compete against. Amazon is currently responsible for 85 percent of self-published books and has an extremely strong distribution platform in place. For all the information you need, check out the full article below!
Read the full article here: Amazon has officially won the multibillion-dollar self-publishing market
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