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A few years ago with few dedicated reading devices I think piracy would not have hurt ebook today it will effect authors more so than musicians etc who make money from concerts etc.
But I don't think drm is the solution the actual way would be for the industry to shed a lot of dead weight and remove costs and price ebooks better plus they also have to give up on paper books specially for fiction.
I know their are people that want physical books for such they should make a custom order system where a book is printed on order with formatting requirements like font size etc for the buyer.
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