Google settles with book publishers, becomes bookseller →
The old model buys books from authors and publishes them. It’s dying, just like all traditional print models.
The new model is more like a literary agent: edit, package, and market the text, in exchange for a portion of the profits (NOT royalties). The “publisher” doesn’t actually publish the book—Google and Amazon do, as a print-on-demand service.
Discuss.
