Quote:
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The firm predicts that physical book sales will decline at a compound annual rate of 5 percent. While e-book sales will rise during that same period, the increase won’t cover the revenue gap created by the decline in the physical book market.
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What that probably means is that people will buy more indie ebooks instead of ebooks from major publishers with vastly inflated prices to pay for all the extra hangers-on.
No big deal. All the people that are actually useful will find work in providing services to writers, all the people who serve no useful purpose don't really matter.