News from the World of Publishing
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"Announced in May 2009, AmazonEncore is a program which identifies exceptional books and emerging authors using information on Amazon.com, such as customer reviews and sales data. Amazon then works with the authors to introduce or re-introduce their books to readers through marketing and distribution into multiple channels and formats, such as the Amazon Books Store, Amazon Kindle Store, www.Audible.com, and national and independent bookstores via third-party wholesalers. AmazonEncore is a brand for titles published by Amazon Content Services LLC."
I've been watching to see how deep into publishing Amazon is willing to go. So far, it's a mix of new books, reprints, and picking up some self-published titles. They have a lot of data to work with- sales ranks, reviews, and ratings. It's a different atmosphere from most small publishers in that the wolves of bankruptcy are not hanging around the front door constantly. Amazon doesn't break out the financial results for individual projects so it's hard to tell if this effort is paying its own way or not.
6 large publishers (in New York)
300-400 medium-sized publishers
has more stats.