Quote:
Originally Posted by fjtorres
For the record: 15% of BPH ebook revenues is around $400M...
...that shifted to indie, Inc.
That is about 100M *added* sales for Indies.
Small number: big impact.
BPH authors lost royalties: $70M.
Indie author gains: ~$250M.
If anybody needs to know *why* the hate for ebooks...
"Follow the money."
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All of which parallels the movement of recorded music to digital distribution, and the subsequent loss of control by the old recording industry.
Which many here were forecasting long ago. The process isn't complete, but the destination will be the same.