Quote:
Originally Posted by fjtorres
I know that.
The point is that raising prices (thereby reducing total unit sales and reducing their authors' income) to protect their market power in the short term is going to have negative long-term consequences. And among those is the fact that they have effectively legitimized self-publishing among *authors*.
They conspired, sacrificed the author's income, and now face a legal mess.
All for a small short term gain during boom times.
What are they going to do when the boom times end and the market growth levels off? Improvise another magic bullet?  |
I keep hearing predictions that ebooks will become 80% of the market so we have a very long way to go.