Quote:
Originally Posted by NatCh
Today, we have .epub looking like it might be ready to be the omni-lingual needed to break ebabel, and the pubs reportedly scrambling to get e-rights to their backlists. Well, it could mean nothing at all, and this current installment of e-book interest could become just that: the current installment. But it also could mean very good things.
Call me optimistic. 
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Actually I am optimistic too. However the current model (multiple drm formats, high prices) is broken and that's a fact of life as the phrase quoted put it.
Considering that according to some unconfirmed rumors 70% of published novels lose money and selling 5000 hardcovers is viewed as an achievement for most of them, and also considering the big consolidation taking place in the publishing world with conglomerates with quarterly reports taking over, it's possible that the publishers are getting desperate enough to try to make some money with e-content, so they will reconsider the current broken model...