Quote:
Originally Posted by Fbone
Who pays $28 for a hardcover? That book will be $15.99 at Costco.
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But the authors are paid based on the cover price, which is the point of the article.
However, I don't think ebook prices are "cannibalizing" sales as much as people think; a lot of the people who are buying ebooks might not have bought the hard copy. They're probably selling more books to make up the difference. I have no proof of that, though.
And yes, this article is discussing the literary midlist, not genre authors. I maintain my original post, that advances were already dropping and not as many books were being published even before the recent surge of ebooks. The article makes a faulty argument in cause and effect, IMO.