By 2020, Sandler reckons Amazon could have 100 million Prime subscribers, one of the biggest membership clubs of any industry, and worth a cumulative $70 billion. In this light, Amazon’s market cap of about $165 billion (which looks ridiculous when compared to last year’s profit of just $274 million) starts to look justifiable.

Amazon is building the retail world’s most unbreachable “moat”—and it’s called Prime - Quartz

The easiest thing to do would be to please shareholders today and simply keep forging ahead, blind to the changes in the market around you, but you don’t have to be a rocket scientist to see that PC sales are dropping every year and that while they continue to drive huge profits for Microsoft today, it’s not a sustainable model in the long term. That is a textbook Innovator’s Dilemma.

Innovator’s Dilemma Is Real And Requires Bold Action To Overcome | TechCrunch

While American higher education faces limited growth prospects over the next 12 to 18 months, Moody’s says, positive trends like strong long-term demand for higher education and reduced household debt could help create conditions for colleges to stabilize over the next year. But Moody’s cautions that the institutions will face continued financial pressures in the near term.

Moody’s Issues Negative Outlook for Higher Education – Bottom Line - Blogs - The Chronicle of Higher Education

Amazon is not evil, but it is ruthlessly, ruthlessly efficient,” said Andrew Rhomberg, founder of JellyBooks, an e-book discovery site. “As consumers, we love Amazon’s efficiency and low prices,” he said. “But as suppliers, it is a toad that is hard to swallow.

Amazon, a Friendly Giant as Long as It’s Fed - NYTimes.com

Amazon has proposed giving Hachette’s authors all the revenue from their e-book sales on Amazon as the parties continue to negotiate a new contract. Hachette’s response on Tuesday was to suggest that the retailer was trying to make it commit suicide. “We call baloney,” the retailer fired back.

Amazon Angles to Attract Hachette’s Authors - NYTimes.com

This last decade of the music industry presages the coming decade of education. Choice is expanding at every level, from pre-k to graduate school. The individual course, rather than the degree, is becoming the unit of content. And universities, the record labels of education, are facing increased pressure to unbundle their services.

What universities have in common with record labels - Quartz

Total album sales, combining physical and digital numbers, were down 15 percent to 121 million, and while Nielsen didn’t confirm how the album numbers split, the announcement of a 13 percent drop in digital singles sales was indicative that MP3s weren’t picking up the sales slack. The digital-single drop of nearly 90 million sales, down to 593.6 million, also didn’t see an equivalent boost in streaming numbers on services such as Spotify; those rose 42 percent to 70.3 million streams, but that was only a jump of 20 million. The numbers didn’t clarify whether streaming services saw any major jumps in subscription purchases this year, as well.

Nielsen: 2014 digital music sales plummet compared to 2013’s first half | Ars Technica

Beginning in July, Mr. Ferrara said, these articles will be written using software from a company called Automated Insights, which The Associated Press has invested in, paired with data from Zacks Investment Research. On its website, Automated Insights says it can produce copy “written with the tone, personality and variability of a human writer.”

The A.P. Plans to Automate Quarterly Earnings Articles - NYTimes.com

For 2013, publisher revenue from Online Retail now eclipses publisher revenue from all brick-and-mortar channels combined. Online Retail now represents 35.4% of all Trade publisher revenue.

BookStats Volume 4 Now Available: AAP Press Release | BISG

One of the rewards of more cooperation—and sometimes conflict—is that people are happier. In a clumsy, slow-moving organization, people become frustrated and disengaged because their work has no impact. Ironically, when you let conflict happen and sometimes encourage it, people get angry and fight with each other—and that makes them happier, because in the end they did difficult, important work that made a difference.

The surprising secret of happier, more productive organizations: conflict – Quartz