Ebooks and the Future of Publishing
Bad Financial News For Authors
The ebook publishing report below is a November 2009 market research article from a very credible business research group. It anticipates the long term business model for ebook publishing.
Notice that all the new future profits for publishers in ebook publishing are achieved by a 60% decrease in royalties paid to authors. In this bestselling book example below, author royalties are reduced from $187,000 to $75,000.
While the author supplies exactly the same book to the publisher.
With the same amount of work involved in writing it.
Don't publishing people realize that the authors own the actual books?
There is no reason for an author to seek an ebook deal with a publisher.
And especially not a deal like this.
With these metrics there is no ebook business for publishers.
From the market research report:
The Complete Market Research Report On Ebooks. Not a comedy satire.
November, 2009
