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Originally Posted by stonetools
Well, I think the point may be that $5-6 for an immersive reading experience of 8-10 hours may be too low to to sustain a corps of professional writers.
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I've played video games with much higher production costs, and it ran less than $0.20/hour. It kinda makes me wonder why authors and publishers think that they are so much more valuable.
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how much would you be willing to pay for ... a concert, a play, a sporting event?
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$0, $0, $0
These forms of entertainment are extraordinarily high cost and once you have experienced them, all of these things have zero monetary value. Quite frankly, they are also canned productions that have very little value beyond what an album, movie, or TV broadcast could offer. In a lot of respects rented books, er, electronic books, are quite similar.
My apologies if you adamantly disagree with how I value things, but some of us never had an opportunity to experience the high life. And while I was lucky and grew up in a house surrounded by books, it was of no thanks to publishers. It was thanks to a second hand market where books may sell at $0.20 each (about $0.30, inflation adjusted). Now publishers are savagely trying to rip even that away in the emerging ebook markets. And I have no doubts that ebooks are eventually going to replace the bulk of pbooks, so it is a very real threat.