http://www.nytimes.com/2009/01/05/bo...publ.html?_r=1
Not sure if this was already covered here on MR, but it struck me as an interesting article, especially when looking at it as a new author trying to break into the industry.
I would rather the industry spend money on wooing new authors, providing more electronic books, and overall spending more on improving the quality and quantity of books available.
Because let's face it: Hollywood stinks. I've been looking at reviews from Rotten Tomatoes and judging from the quantity of abysmally terrible movies out there it's become obvious that books are still the only real source of fictional inspiration.