As celebrities choose Amazon, is this the end for publishers?

Deal for James Franco book fuels fears that online giant has become too dominant

Los Angeles

Who needs publishers? Not James Franco, the artsy Hollywood star, who has just signed a deal to write his first novel; and not Amazon, the vast online retailer which beat the traditional giants of the industry to secure the high-profile author.

Franco, 33, has become the latest in a string of big names to join the increasingly glamorous stable of authors now on the payroll of Amazon. According to reports, his book, which has the working title Actors Anonymous, will be loosely based on his career in the film industry.

The deal, which was reported yesterday but has yet to be formally confirmed by either side, represents an ominous development for the industry, which in recent months has seen similar deals signed by the likes of New Age "guru" Deepak Chopra, self-help writer Timothy Ferriss, and the actor and director Penny Marshall.

For years, the rise of Amazon, which heavily discounts books, has been eating into the once luxurious profit margins enjoyed by mainstream publishers. There are therefore growing fears that the online giant could soon send their industry the way of the high street bookstore.

Since it was unveiled last year, Amazon's publishing arm has launched an array of imprints majoring on genres from science fiction to romance, and has already released more than 100 new titles, in hardback, paper back and electronic formats. It has also shown itself willing to pay huge sums to secure the services of what it considers to be the stars of the writing profession, using aggressive charm to woo them from the clutches of their former houses.

Chopra's deal, for the rights to a memoir co-authored by his sibling Sanjiv – and called Brotherhood: A Tale of Faith, Big Dreams and the Power of Persistence – was reportedly for more than $500,000 when it was unveiled in November.

At the time, Robert Gottlieb, the literary agent who negotiated the contract, described it as a "game-changer for the publishing industry". It came at the expense of Crown, the mainstream publisher which has for years looked after Chopra's hugely-lucrative literary interests.

Marshall's deal, for a reported $800,000, prompted Dennis Loy Johnson, a high-profile figure at the upscale firm Melville House, to tell the New York Times: "Publishers are terrified and don't know what to do."

Richard Curtis, a prominent agent, added that Amazon's growing dominance of its field was upending the status quo in almost every corner of the traditional book industry. "Everyone's afraid of Amazon," he said. "If you're a bookstore, Amazon has been in competition with you for some time. If you're a publisher, one day you wake up and Amazon is competing with you too. And if you're an agent, Amazon may be stealing your lunch because it is offering authors the opportunity to publish directly and cut you out. It's an old strategy: divide and conquer."

Franco's deal first reported by the New York Observer on Tuesday, separates the actor from Scribner, which published a book of his short stories called Palo Alto only last year.

Arts and Entertainment
Word master: Self holds up a copy of his novel ‘Umbrella’
books
Arts and Entertainment
Hare’s a riddle: Kit Williams with the treasure linked to Masquerade
books
Arts and Entertainment
The man with the golden run: Daniel Craig as James Bond in 'Skyfall'

TV
Arts and Entertainment
'Waving Seal' by Luke Wilkinson was Highly Commended in the Portraits category

photography
Arts and Entertainment
The eyes have it: Kate Bush
music
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
Art
Arts and Entertainment
Diana Beard, nicknamed by the press as 'Dirty Diana'

Bake Off
Arts and Entertainment
The X Factor 2014 judges: Simon Cowell, Cheryl Cole, Mel B and Louis Walsh

TV
Arts and Entertainment
Gregg Wallace was caught by a camera van driving 32mph over the speed limit

TV
Arts and Entertainment
books
Arts and Entertainment
The Doctor and the Dalek meet
tvReview: Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Arts and Entertainment
Star turns: Montacute House
tv
Arts and Entertainment
Iain reacts to his GBBO disaster

TV
Arts and Entertainment
Outlaw Pete is based on an eight-minute ballad from Springsteen’s 2009 Working on a Dream album

books
Arts and Entertainment
Cara Delevingne made her acting debut in Anna Karenina in 2012

film
Arts and Entertainment
Simon Cowell is less than impressed with the Strictly/X Factor scheduling clash

TV
Arts and Entertainment
Gothic revival: artist Dave McKean’s poster for Terror and Wonder: The Gothic Imagination
Exhibition
Arts and Entertainment
Diana Beard has left the Great British Bake Off 2014

TV
Arts and Entertainment
Lisa Kudrow, Courtney Cox and Jennifer Anniston reunite for a mini Friends sketch on Jimmy Kimmel Live

TV
Arts and Entertainment
TVDessert week was full of the usual dramas as 'bingate' ensued
Arts and Entertainment
Clara and the twelfth Doctor embark on their first adventure together
TVThe regulator received six complaints on Saturday night
Arts and Entertainment
Vinyl demand: a factory making the old-style discs
musicManufacturers are struggling to keep up with the resurgence in vinyl
Arts and Entertainment
David Baddiel concedes his show takes its inspiration from the hit US series 'Modern Family'
comedyNew comedy festival out to show that there’s more to Jewish humour than rabbi jokes
Arts and Entertainment
Puff Daddy: One Direction may actually be able to use the outrage to boost their credibility

music
Arts and Entertainment
Suha Arraf’s film ‘Villa Touma’ (left) is set in Ramallah and all the actresses are Palestinian

film
Have you tried new the Independent Digital Edition apps?

ES Rentals

    Independent Dating
    and  

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    'I’ll tell you what I would not serve - lamb and potatoes': US ambassador hits out at stodgy British food served at diplomatic dinners

    'I’ll tell you what I would not serve - lamb and potatoes'

    US ambassador hits out at stodgy British food
    Radio Times female powerlist: A 'revolution' in TV gender roles

    A 'revolution' in TV gender roles

    Inside the Radio Times female powerlist
    Endgame: James Frey's literary treasure hunt

    James Frey's literary treasure hunt

    Riddling trilogy could net you $3m
    Fitbit: Because the tingle feels so good

    Fitbit: Because the tingle feels so good

    What David Sedaris learnt about the world from his fitness tracker
    Saudis risk new Muslim division with proposal to move Mohamed’s tomb

    Saudis risk new Muslim division with proposal to move Mohamed’s tomb

    Second-holiest site in Islam attracts millions of pilgrims each year
    Alexander Fury: The designer names to look for at fashion week this season

    The big names to look for this fashion week

    This week, designers begin to show their spring 2015 collections in New York
    Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

    'I like Orwell's writing as much as the next talented mediocrity'

    Will Self takes aim at Orwell's rules for writing plain English
    Meet Afghanistan's middle-class paint-ballers

    Meet Afghanistan's middle-class paint-ballers

    Toy guns proving a popular diversion in a country flooded with the real thing
    Al Pacino wows Venice

    Al Pacino wows Venice

    Ham among the brilliance as actor premieres two films at festival
    Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

    Neil Lawson Baker interview

    ‘I’ve gained so much from art. It’s only right to give something back’.
    The other Mugabe who is lining up for the Zimbabwean presidency

    The other Mugabe who is lining up for the Zimbabwean presidency

    Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
    The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

    The model for a gadget launch

    Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
    Alice Roberts: She's done pretty well, for a boffin without a beard

    She's done pretty well, for a boffin without a beard

    Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
    Get well soon, Joan Rivers - an inspiration, whether she likes it or not

    Get well soon, Joan Rivers

    She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
    Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

    A fresh take on an old foe

    Doctor Who Into the Dalek more than compensated for last week's nonsensical offering