Here's an interesting video of a talk given by Richard Nash from the indiebookman site. Nash is a veteran of the publishing industry.
Its about Print On Demand, Publishing 3.0 and exploring under served, unknown/lesser known markets through digital.

He makes it very clear: Publishing industry will die unless it works out a way to engage with the vast amount of books now being written, and sort out demand, rather than continue to act as gatekeepers dealing with the tiny tip of the pyramid that is the 500,000 books written in English each year...



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