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Dropping Profits Sends Amazon In Odd Directions

Posted by ryuzaki0 on from the do-you-like-my-song-and-dance dept.

tabdelgawad writes "The Washington Post has a story detailing how Amazon has purchased the rights to turn a recently published book into a feature-length movie. The article also outlines other 'strange directions' Amazon has taken in response to declining profits and a plummeting stock price, including moving into the grocery business and producing original live webcasts and streaming shows."

2 of 152 comments (clear)

  1. A last hope by UCSCTek · · Score: 3, Informative

    Amazon should look into it's own Gold Box and hope it finds a discount on a corporate diversification plan.

  2. Re:We'll Tell You What You Like by Blink+Tag · · Score: 3, Informative
    Most books are good--if they weren't, they wouldn't be published.
    Sorry to burst your bubble. I used to sit next to the book buyer for a major online retailer. The movie buyer was on the other side of her. Publishers rely on "the long tail." Most books (and movies) are junk, you just may never see them all in a virtual store. Brick and mortars only stock things that will actually sell because space is a paramount.